GDS (NASDAQ:GDS) Raised to Buy at Jefferies Financial Group

GDS (NASDAQ:GDS) was upgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report released on Tuesday,Finviz reports. The firm currently has a $45.00 price target on the stock. Jefferies Financial Group’s target price points to a potential upside of 26.94% from the stock’s previous close.

Several other research analysts also recently issued reports on GDS. JMP Securities assumed coverage on GDS in a research note on Monday, January 27th. They set an “outperform” rating and a $35.00 price target for the company. Royal Bank of Canada downgraded GDS from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $26.00 to $37.00 in a research note on Tuesday, February 25th. Raymond James lifted their price target on GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Citizens Jmp raised shares of GDS to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, GDS has a consensus rating of “Moderate Buy” and an average target price of $33.23.

GDS Price Performance

Shares of NASDAQ GDS opened at $35.45 on Tuesday. The firm has a market capitalization of $6.76 billion, a P/E ratio of -11.62 and a beta of 0.07. GDS has a one year low of $5.85 and a one year high of $52.50. The company’s fifty day moving average is $31.11 and its two-hundred day moving average is $24.24. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Bamco Inc. NY grew its holdings in shares of GDS by 128.6% during the 3rd quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock worth $123,227,000 after purchasing an additional 3,397,592 shares during the period. American Century Companies Inc. boosted its holdings in GDS by 509.6% in the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company’s stock worth $55,206,000 after acquiring an additional 1,942,341 shares during the period. Triata Capital Ltd purchased a new position in GDS in the 4th quarter worth approximately $41,472,000. Sachem Head Capital Management LP boosted its holdings 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 worth $57,630,000 after acquiring an additional 1,745,000 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in GDS in the 3rd quarter worth approximately $27,212,000. Institutional investors and hedge funds 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.