JMP Securities Reiterates Market Outperform Rating for GDS (NASDAQ:GDS)

GDS (NASDAQ:GDS)‘s stock had its “market outperform” rating reaffirmed by equities research analysts at JMP Securities in a report released on Wednesday,Benzinga reports. They presently have a $40.00 price objective on the stock. JMP Securities’ price target would indicate a potential upside of 45.03% from the stock’s previous close.

GDS has been the topic of several other reports. Citizens Jmp upgraded GDS to a “strong-buy” rating in a research report on Monday, January 27th. Jefferies Financial Group raised shares of GDS from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Tuesday, March 18th. Royal Bank of Canada cut GDS from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from $26.00 to $37.00 in a research report on Tuesday, February 25th. Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Citigroup reissued an “outperform” rating on shares of GDS in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $39.48.

GDS Stock Performance

Shares of NASDAQ:GDS opened at $27.58 on Wednesday. The company’s 50 day simple moving average is $25.11 and its 200 day simple moving average is $25.75. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of -9.04 and a beta of 0.28. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. GDS has a 1 year low of $7.35 and a 1 year high of $52.50.

GDS (NASDAQ:GDS) last announced its earnings results on Wednesday, March 19th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.17. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The business had revenue of $425.13 million for the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the prior year, the business posted ($2.16) earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, research analysts predict that GDS will post -0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On GDS

A number of hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in shares of GDS by 26.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after acquiring an additional 672 shares during the period. Brooklyn Investment Group grew its stake in shares of GDS by 2,390.0% in the 1st quarter. Brooklyn Investment Group now owns 996 shares of the company’s stock worth $25,000 after buying an additional 956 shares during the last quarter. Advisors Asset Management Inc. bought a new position in GDS in the 1st quarter valued at approximately $25,000. NewEdge Advisors LLC bought a new stake in GDS during the first quarter valued at approximately $25,000. Finally, Summit Securities Group LLC bought a new stake in GDS during the first quarter valued at about $26,000. 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.