GDS (NASDAQ:GDS) Stock Rating Upgraded by Daiwa Capital Markets

GDS (NASDAQ:GDS) was upgraded by equities researchers 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 subject of several other reports. Citizens Jmp upgraded GDS to a “strong-buy” rating in a research note on Monday, January 27th. JMP Securities assumed coverage on shares of GDS in a research note on Monday, January 27th. They issued an “outperform” rating and a $35.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $26.00 price objective on shares of GDS in a report on Wednesday, January 29th. Finally, StockNews.com raised shares of GDS from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $22.60.

GDS Stock Performance

Shares of GDS stock traded up $4.91 on Tuesday, hitting $34.16. The company had a trading volume of 4,347,490 shares, compared to its average volume of 2,179,338. GDS has a twelve month low of $5.74 and a twelve month 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 cap of $6.51 billion, a P/E ratio of -11.21 and a beta of 0.12. The company has a 50-day moving average price of $22.69 and a 200-day moving average price of $19.79.

Institutional Investors Weigh In On GDS

Institutional investors have recently modified their holdings of the business. Bamco Inc. NY boosted its stake in GDS by 128.6% in the third quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock valued at $123,227,000 after acquiring an additional 3,397,592 shares during the period. Sachem Head Capital Management LP lifted its position in GDS by 161.6% in the 3rd quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock valued at $57,630,000 after purchasing an additional 1,745,000 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in GDS during the 3rd quarter valued at about $27,212,000. Portolan Capital Management LLC bought a new position in GDS in the 3rd quarter worth about $26,572,000. Finally, Pacer Advisors Inc. raised its holdings in shares of GDS by 26.5% during the fourth quarter. Pacer Advisors Inc. now owns 898,982 shares of the company’s stock valued at $21,360,000 after buying an additional 188,072 shares during the last quarter. Institutional investors own 33.71% of the company’s stock.

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.