GDS (NASDAQ:GDS) Upgraded to “Buy” at Daiwa Capital Markets

GDS (NASDAQ:GDS) was upgraded by stock analysts at Daiwa Capital Markets from a “neutral” rating to a “buy” rating in a research note issued on Tuesday,Briefing.com Automated Import reports.

GDS has been the topic of several other research reports. Citizens Jmp raised GDS to a “strong-buy” rating in a research note on Monday, January 27th. JMP Securities began coverage on shares of GDS in a research report on Monday, January 27th. They set an “outperform” rating and a $35.00 price objective on the stock. StockNews.com raised shares of GDS from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $26.00 price objective on shares of GDS in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, GDS currently has a consensus rating of “Buy” and a consensus price target of $22.60.

GDS Stock Performance

Shares of GDS stock traded up $4.91 during trading hours on Tuesday, reaching $34.16. 4,347,490 shares of the stock traded hands, compared to its average volume of 2,179,338. The company has a 50 day moving average price of $22.69 and a 200 day moving average price of $19.79. GDS has a one year low of $5.74 and a one year high of $34.87. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of -11.21 and a beta of 0.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. increased its stake 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 valued at $51,000 after buying an additional 2,353 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of GDS during the 3rd quarter valued at $64,000. PNC Financial Services Group Inc. boosted its position in shares of GDS by 26.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after purchasing an additional 672 shares in the last quarter. Signaturefd LLC increased its position in GDS by 17.3% during the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after buying an additional 1,215 shares in the last quarter. Finally, Brookfield Corp ON purchased a new stake in GDS in the third quarter valued at about $171,000. 33.71% of the stock is 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.