GDS (NASDAQ:GDS) PT Lowered to $7.00 at JPMorgan Chase & Co.

GDS (NASDAQ:GDS) had its price target lowered by equities researchers at JPMorgan Chase & Co. from $12.00 to $7.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 3.86% from the stock’s current price.

Separately, StockNews.com raised GDS to a “sell” rating in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.69.

GDS Stock Performance

GDS traded up $0.41 during trading hours on Thursday, reaching $6.74. The company’s stock had a trading volume of 1,096,030 shares, compared to its average volume of 1,835,365. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market cap of $1.28 billion, a PE ratio of -2.02 and a beta of 0.41. The company’s 50-day moving average is $6.62 and its 200-day moving average is $8.74. GDS has a 52 week low of $5.01 and a 52 week high of $20.78.

Institutional Investors Weigh In On GDS

Several institutional investors have recently bought and sold shares of the stock. Nomura Holdings Inc. bought a new position in GDS in the 4th quarter valued at $292,000. Quadrature Capital Ltd bought a new position in GDS in the 4th quarter valued at $107,000. Wellington Management Group LLP grew its stake in GDS by 258.1% in the 4th quarter. Wellington Management Group LLP now owns 608,625 shares of the company’s stock valued at $5,551,000 after purchasing an additional 438,661 shares during the period. Goldman Sachs Group Inc. grew its stake in GDS by 16.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,404,486 shares of the company’s stock valued at $49,289,000 after purchasing an additional 773,378 shares during the period. Finally, GTS Securities LLC grew its stake in GDS by 3,384.5% in the 4th quarter. GTS Securities LLC now owns 43,069 shares of the company’s stock valued at $393,000 after purchasing an additional 41,833 shares during the period. 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.