Zacks Research Upgrades GDS (NASDAQ:GDS) to “Strong-Buy”

GDS (NASDAQ:GDS) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

GDS has been the subject of several other reports. UBS Group set a $55.00 target price on GDS in a report on Monday, December 1st. Morgan Stanley reiterated an “overweight” rating and set a $64.00 price target on shares of GDS in a report on Tuesday, March 17th. Wall Street Zen lowered shares of GDS from a “hold” rating to a “sell” rating in a research report on Saturday. Raymond James Financial restated a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $49.90.

GDS Stock Performance

GDS opened at $43.48 on Monday. The company has a market cap of $8.45 billion, a PE ratio of 83.62 and a beta of 0.39. The stock has a 50-day moving average of $43.49 and a 200-day moving average of $38.46. GDS has a 52-week low of $16.92 and a 52-week high of $48.61. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.51 and a current ratio of 2.60.

Institutional Trading of GDS

Hedge funds have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board increased its position in GDS by 77.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after buying an additional 3,062,658 shares during the period. Sachem Head Capital Management LP lifted its holdings in shares of GDS by 45.0% during the fourth quarter. Sachem Head Capital Management LP now owns 9,300,000 shares of the company’s stock worth $324,570,000 after buying an additional 2,885,000 shares during the last quarter. Barclays PLC boosted its position in shares of GDS by 20,731.3% in the fourth quarter. Barclays PLC now owns 1,720,247 shares of the company’s stock valued at $60,037,000 after acquiring an additional 1,711,989 shares during the period. Aspex Management HK Ltd grew its stake in shares of GDS by 46.4% in the second quarter. Aspex Management HK Ltd now owns 4,406,949 shares of the company’s stock worth $134,720,000 after acquiring an additional 1,397,073 shares during the last quarter. Finally, Carrhae Capital LLP grew its stake in shares of GDS by 295.4% in the third quarter. Carrhae Capital LLP now owns 1,648,278 shares of the company’s stock worth $63,788,000 after acquiring an additional 1,231,375 shares during the last quarter. Institutional investors own 33.71% of the company’s stock.

About GDS

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.