GDS (NASDAQ:GDS) Raised to “Strong-Buy” at Citizens Jmp

GDS (NASDAQ:GDS) was upgraded by research analysts at Citizens Jmp to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

GDS has been the subject of several other research reports. JMP Securities assumed coverage on GDS in a report on Monday. They set an “outperform” rating and a $35.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and set a $26.00 price objective on shares of GDS in a report on Thursday, December 5th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $22.60.

GDS Price Performance

GDS stock opened at $21.96 on Monday. GDS has a 1 year low of $5.01 and a 1 year high of $29.17. The stock has a market capitalization of $4.18 billion, a PE ratio of -7.20 and a beta of 0.13. The company’s 50-day moving average is $21.49 and its 200-day moving average is $18.83. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19.

Institutional Investors Weigh In On GDS

Institutional investors have recently added to or reduced their stakes in the company. Bamco Inc. NY lifted its position in shares of GDS by 128.6% during the 3rd quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock worth $123,227,000 after buying an additional 3,397,592 shares in the last quarter. Sachem Head Capital Management LP lifted its holdings in GDS by 161.6% during the third quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock worth $57,630,000 after acquiring an additional 1,745,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in GDS during the third quarter worth $27,212,000. Portolan Capital Management LLC bought a new position in GDS in the 3rd quarter valued at $26,572,000. Finally, Pacer Advisors Inc. grew its stake in GDS by 26.5% in the 4th quarter. Pacer Advisors Inc. now owns 898,982 shares of the company’s stock valued at $21,360,000 after purchasing an additional 188,072 shares during the period. 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.