GDS (NASDAQ:GDS) Now Covered by Analysts at JMP Securities

JMP Securities started coverage on shares of GDS (NASDAQ:GDSFree Report) in a research report report published on Monday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $35.00 price objective on the stock.

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 target price on shares of GDS in a report on Thursday, December 5th. 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.60.

Get Our Latest Analysis on GDS

GDS Stock Performance

GDS opened at $21.24 on Monday. 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’s fifty day moving average price is $21.54 and its two-hundred day moving average price is $18.76. GDS has a 1-year low of $5.01 and a 1-year high of $29.17. The company has a market cap of $4.05 billion, a price-to-earnings ratio of -6.96 and a beta of 0.13.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in GDS by 7,553.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock valued at $12,461,000 after purchasing an additional 602,840 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in GDS during the 3rd quarter valued at about $27,212,000. Luxor Capital Group LP bought a new position in GDS during the 3rd quarter valued at about $9,993,000. GSA Capital Partners LLP bought a new position in GDS during the 3rd quarter valued at about $544,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in GDS during the 3rd quarter valued at about $1,001,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

About GDS

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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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Analyst Recommendations for GDS (NASDAQ:GDS)

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