GDS (NASDAQ:GDS) Stock Rating Upgraded by StockNews.com

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

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

GDS Stock Performance

Shares of GDS stock opened at $22.66 on Tuesday. The stock has a 50 day simple moving average of $21.54 and a 200-day simple moving average of $18.90. The company has a market cap of $4.32 billion, a price-to-earnings ratio of -7.43 and a beta of 0.13. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS has a 12-month low of $5.01 and a 12-month high of $29.17.

Institutional Investors Weigh In On GDS

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

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.