GDS (NASDAQ:GDS – Free Report) had its price objective hoisted by Royal Bank of Canada from $14.00 to $26.00 in a report issued on Monday morning, Benzinga reports. They currently have an outperform rating on the stock.
GDS has been the topic of several other reports. Bank of America boosted their price objective on shares of GDS from $12.40 to $22.40 and gave the company a buy rating in a report on Tuesday, August 27th. Nomura Securities upgraded shares of GDS to a strong-buy rating in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, GDS currently has a consensus rating of Moderate Buy and an average target price of $18.29.
View Our Latest Stock Analysis on GDS
GDS Price Performance
GDS (NASDAQ:GDS – Get Free Report) last announced its quarterly earnings results on Wednesday, August 21st. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.07. GDS had a negative net margin of 39.96% and a negative return on equity of 9.10%. The business had revenue of $388.92 million during the quarter, compared to the consensus estimate of $384.14 million. Sell-side analysts anticipate that GDS will post -1.14 earnings per share for the current year.
Institutional Trading of GDS
A number of large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its holdings in shares of GDS by 51.0% in the 1st quarter. BNP Paribas Financial Markets now owns 185,137 shares of the company’s stock valued at $1,231,000 after purchasing an additional 62,521 shares in the last quarter. Swedbank AB purchased a new stake in GDS during the 1st quarter worth about $2,174,000. Wellington Management Group LLP boosted its position in shares of GDS by 258.1% during the 4th quarter. Wellington Management Group LLP now owns 608,625 shares of the company’s stock worth $5,551,000 after acquiring an additional 438,661 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of GDS by 16.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,404,486 shares of the company’s stock valued at $49,289,000 after acquiring an additional 773,378 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in GDS during the first quarter worth approximately $429,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.
GDS Company Profile
GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.
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