GDS (NASDAQ:GDS) Upgraded by Jefferies Financial Group to “Buy” Rating

Jefferies Financial Group upgraded shares of GDS (NASDAQ:GDS) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has $45.00 target price on the stock.

GDS has been the subject of a number of other research reports. Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. Royal Bank of Canada downgraded shares of GDS from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $26.00 to $37.00 in a research report on Tuesday, February 25th. StockNews.com downgraded shares of GDS from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Citizens Jmp raised shares of GDS to a “strong-buy” rating in a research report on Monday, January 27th. Finally, Raymond James increased their price objective on shares of GDS from $25.00 to $53.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.23.

GDS Stock Up 0.4 %

GDS opened at $35.58 on Tuesday. The firm has a 50 day moving average price of $31.29 and a 200 day moving average price of $24.37. The company has a market cap of $6.78 billion, a PE ratio of -11.67 and a beta of 0.06. GDS has a 1 year low of $5.85 and a 1 year high of $52.50. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.

Institutional Trading of GDS

A number of hedge funds have recently made changes to their positions in GDS. GSA Capital Partners LLP acquired a new stake in shares of GDS during the third quarter worth approximately $544,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of GDS during the third quarter worth approximately $544,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of GDS during the third quarter worth approximately $1,001,000. Swedbank AB grew its position in shares of GDS by 3.7% during the third quarter. Swedbank AB now owns 338,974 shares of the company’s stock worth $6,915,000 after buying an additional 12,100 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of GDS by 1.4% during the third quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock worth $3,721,000 after buying an additional 2,543 shares in the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

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.