GDS (NASDAQ:GDS) Lowered to “Hold” Rating by Jefferies Financial Group

Jefferies Financial Group cut shares of GDS (NASDAQ:GDS) from a buy rating to a hold rating in a research note issued to investors on Monday, Marketbeat.com reports. Jefferies Financial Group currently has $45.00 price target on the stock, up from their previous price target of $27.06.

Several other research firms have also recently weighed in on GDS. JMP Securities started coverage on GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 price objective for the company. Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. StockNews.com raised shares of GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Raymond James upped their price target on GDS from $25.00 to $53.00 and gave the company an “outperform” rating in a report on Friday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $26.00 target price on shares of GDS in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.40.

GDS Price Performance

Shares of GDS stock opened at $39.58 on Monday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. GDS has a one year low of $5.85 and a one year high of $52.50. The business’s 50 day simple moving average is $26.56 and its two-hundred day simple moving average is $21.84. The stock has a market capitalization of $7.54 billion, a P/E ratio of -12.98 and a beta of 0.12.

Institutional Investors Weigh In On GDS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in GDS by 1,558.3% during the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after purchasing an additional 2,353 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in GDS during the third quarter valued at $64,000. PNC Financial Services Group Inc. increased its stake in GDS by 26.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after acquiring an additional 672 shares during the last quarter. Wells Fargo & Company MN raised its holdings in GDS by 1,904.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock valued at $90,000 after buying an additional 3,599 shares during the period. Finally, Signaturefd LLC raised its stake in shares of GDS by 17.3% in the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after acquiring an additional 1,215 shares during the period. 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.