GDS (NASDAQ:GDS) Stock Rating Upgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of GDS (NASDAQ:GDS) from a neutral rating to an overweight rating in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has $46.00 price target on the stock, up from their prior price target of $34.00.

A number of other research analysts also recently commented on GDS. Raymond James Financial raised shares of GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 price target for the company in a report on Thursday, March 20th. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price objective on shares of GDS in a research note on Wednesday, May 21st. Jefferies Financial Group raised GDS from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, March 18th. Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. Finally, Citigroup restated an “outperform” rating on shares of GDS in a research report on Thursday, March 20th. Three analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $40.57.

GDS Stock Down 1.0%

NASDAQ GDS opened at $37.58 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $7.16 billion, a P/E ratio of 11.53 and a beta of 0.31. GDS has a one year low of $9.88 and a one year high of $52.50. The stock has a 50 day moving average price of $29.06 and a 200-day moving average price of $28.26.

GDS (NASDAQ:GDS) last posted its earnings results on Tuesday, May 20th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.70. GDS had a return on equity of 0.78% and a net margin of 39.90%. The firm had revenue of $375.14 million during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the company earned ($1.96) EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts predict that GDS will post -0.89 EPS for the current fiscal year.

Institutional Trading of GDS

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. purchased a new position in shares of GDS during the first quarter worth approximately $25,000. Brooklyn Investment Group increased its holdings in GDS by 2,390.0% during the 1st quarter. Brooklyn Investment Group now owns 996 shares of the company’s stock worth $25,000 after purchasing an additional 956 shares during the period. NewEdge Advisors LLC purchased a new position in GDS during the 1st quarter worth $25,000. Summit Securities Group LLC purchased a new position in GDS during the 1st quarter worth $26,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of GDS by 26.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock valued at $75,000 after buying an additional 672 shares during the period. Hedge funds and other 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.