GDS (NASDAQ:GDS) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of GDS (NASDAQ:GDS) from a sell rating to a hold rating in a research note published on Tuesday.

Several other research firms also recently issued reports on GDS. Citizens Jmp upgraded GDS to a “strong-buy” rating in a research report on Monday. Royal Bank of Canada reissued an “outperform” rating and set a $26.00 price objective on shares of GDS in a report on Thursday, December 5th. Finally, JMP Securities began coverage on GDS in a research note on Monday. They issued an “outperform” rating and a $35.00 target price for the company. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $22.60.

GDS Stock Performance

NASDAQ GDS opened at $21.96 on Tuesday. The company’s 50 day moving average is $21.49 and its 200-day moving average is $18.83. The firm has a market cap of $4.18 billion, a P/E ratio of -7.20 and a beta of 0.13. GDS has a 12-month low of $5.01 and a 12-month high of $29.17. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25.

Hedge Funds Weigh In On GDS

A number of institutional investors have recently added to or reduced their stakes in GDS. Blue Trust Inc. raised its position in shares of 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 buying an additional 2,353 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in GDS in the third quarter valued at $64,000. Vanguard Personalized Indexing Management LLC purchased a new stake in GDS during the second quarter valued at about $108,000. Signaturefd LLC lifted its stake in GDS by 17.3% during the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after purchasing an additional 1,215 shares during the last quarter. Finally, Brookfield Corp ON purchased a new position in shares of GDS in the 3rd quarter worth about $171,000. 33.71% of the stock is currently owned by institutional investors.

About GDS

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.