GDS (NASDAQ:GDS) Lowered to “Sector Perform” Rating by Royal Bank of Canada

Royal Bank of Canada lowered shares of GDS (NASDAQ:GDS) from an outperform rating to a sector perform rating in a research note published on Tuesday, Marketbeat Ratings reports. They currently have $37.00 price target on the stock, up from their previous price target of $26.00.

Several other equities analysts have also weighed in on the stock. Jefferies Financial Group lowered shares of GDS from a “buy” rating to a “hold” rating and boosted their target price for the company from $27.06 to $45.00 in a report on Monday. StockNews.com upgraded GDS from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Citizens Jmp raised GDS to a “strong-buy” rating in a research note on Monday, January 27th. JMP Securities began coverage on GDS in a research note on Monday, January 27th. They issued an “outperform” rating and a $35.00 price target on the stock. Finally, Raymond James increased their price target on GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, GDS has a consensus rating of “Moderate Buy” and an average price target of $33.23.

GDS Stock Down 0.6 %

NASDAQ GDS opened at $39.35 on Tuesday. The business’s fifty day simple moving average is $26.94 and its 200-day simple moving average is $22.03. 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 cap of $7.50 billion, a PE ratio of -12.90 and a beta of 0.12. GDS has a 52 week low of $5.85 and a 52 week high of $52.50.

Hedge Funds Weigh In On GDS

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Amiral Gestion purchased a new stake in GDS during the fourth quarter worth about $333,000. Voloridge Investment Management LLC increased its stake in GDS by 36.9% during the 4th quarter. Voloridge Investment Management LLC now owns 521,171 shares of the company’s stock worth $12,383,000 after buying an additional 140,343 shares during the period. Woodline Partners LP acquired a new stake in GDS during the 4th quarter worth approximately $4,877,000. Vident Advisory LLC boosted its position in GDS by 23.9% in the 4th quarter. Vident Advisory LLC now owns 24,390 shares of the company’s stock valued at $580,000 after buying an additional 4,710 shares during the period. Finally, Triata Capital Ltd purchased a new position in GDS in the 4th quarter valued at approximately $41,472,000. 33.71% of the stock is currently owned by hedge funds and other 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.