GDS (NASDAQ:GDS) Upgraded at Daiwa Capital Markets

Daiwa Capital Markets upgraded shares of GDS (NASDAQ:GDS) from a neutral rating to a buy rating in a report published on Tuesday, MarketBeat reports.

Several other research firms have also weighed in on GDS. Citizens Jmp upgraded GDS to a “strong-buy” rating in a research report on Monday, January 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $26.00 target price on shares of GDS in a report on Wednesday, January 29th. StockNews.com raised GDS from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, JMP Securities began coverage on GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $22.60.

GDS Trading Up 4.6 %

NASDAQ GDS opened at $36.02 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS has a twelve month low of $5.85 and a twelve month high of $36.08. The firm has a market capitalization of $6.86 billion, a PE ratio of -11.81 and a beta of 0.12. The stock’s 50 day moving average is $23.25 and its 200 day moving average is $20.06.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. raised its stake in shares of GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after purchasing an additional 2,353 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of GDS in the third quarter worth $64,000. PNC Financial Services Group Inc. raised its stake in shares of GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after purchasing an additional 672 shares during the last quarter. Wells Fargo & Company MN increased its position in GDS by 1,904.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock valued at $90,000 after acquiring an additional 3,599 shares during the last quarter. Finally, Signaturefd LLC increased its position in GDS by 17.3% during the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after acquiring an additional 1,215 shares during the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

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.