GDS (NASDAQ:GDS) Earns Outperform Rating from Analysts at JMP Securities

JMP Securities assumed coverage on shares of GDS (NASDAQ:GDS) in a research report released on Monday, MarketBeat reports. The brokerage issued an outperform rating and a $35.00 price target on the stock.

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 price target on shares of GDS in a report on Thursday, December 5th. Two equities research 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. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $22.60.

GDS Trading Up 3.2 %

Shares of GDS stock opened at $22.66 on Monday. The business’s fifty day moving average price is $21.54 and its 200 day moving average price is $18.90. The firm has a market capitalization of $4.32 billion, a PE ratio of -7.43 and a beta of 0.13. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. GDS has a 1-year low of $5.01 and a 1-year high of $29.17.

Institutional Investors Weigh In On GDS

Institutional investors and hedge funds have recently made changes to their positions in the business. Bamco Inc. NY raised its position in GDS by 128.6% during the third quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock worth $123,227,000 after acquiring an additional 3,397,592 shares during the last quarter. Sachem Head Capital Management LP raised its position in shares of GDS by 161.6% during the 3rd quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock worth $57,630,000 after purchasing an additional 1,745,000 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in GDS in the 3rd quarter valued at approximately $27,212,000. Portolan Capital Management LLC acquired a new stake in GDS during the 3rd quarter valued at $26,572,000. Finally, Pacer Advisors Inc. increased its position in GDS by 26.5% during the fourth quarter. Pacer Advisors Inc. now owns 898,982 shares of the company’s stock worth $21,360,000 after buying an additional 188,072 shares in the last quarter. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

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.