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

Jefferies Financial Group upgraded shares of GDS (NASDAQ:GDSFree Report) 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.

Read Our Latest Analysis on GDS

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

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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.

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Analyst Recommendations for GDS (NASDAQ:GDS)

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