GDS (NASDAQ:GDS) Upgraded by StockNews.com to “Hold” Rating

GDS (NASDAQ:GDS) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Several other research firms also recently commented on GDS. Royal Bank of Canada reissued an “outperform” rating and issued a $26.00 target price on shares of GDS in a research report on Thursday, December 5th. Citizens Jmp raised shares of GDS to a “strong-buy” rating in a research report on Monday. Finally, JMP Securities began coverage on GDS in a research note on Monday. They set an “outperform” rating and a $35.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, GDS presently has an average rating of “Buy” and a consensus target price of $22.60.

GDS Price Performance

Shares of NASDAQ GDS traded up $0.72 during midday trading on Tuesday, reaching $21.96. The company’s stock had a trading volume of 1,154,763 shares, compared to its average volume of 1,924,771. The company has a market cap of $4.18 billion, a price-to-earnings ratio of -7.20 and a beta of 0.13. GDS has a one year low of $5.01 and a one year high of $29.17. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The company has a 50 day moving average price of $21.49 and a 200 day moving average price of $18.83.

Hedge Funds Weigh In On GDS

A number of institutional investors have recently modified their holdings of the stock. Blue Trust Inc. lifted its position in GDS by 1,558.3% during the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after purchasing an additional 2,353 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of GDS during the third quarter worth approximately $64,000. Signaturefd LLC lifted its holdings in GDS by 17.3% in the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after buying an additional 1,215 shares during the period. Brookfield Corp ON bought a new position in GDS in the third quarter valued at approximately $171,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in GDS during the 2nd quarter worth $108,000. 33.71% of the stock is owned by institutional investors.

About GDS

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.