GDS (NASDAQ:GDS) Rating Increased to Buy 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 morning, Marketbeat.com reports.

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

GDS Trading Up 17.2 %

Shares of GDS stock opened at $34.29 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. The stock has a market cap of $6.53 billion, a P/E ratio of -11.24 and a beta of 0.12. GDS has a fifty-two week low of $5.74 and a fifty-two week high of $34.87. The business has a fifty day simple moving average of $22.69 and a 200-day simple moving average of $19.79.

Hedge Funds Weigh In On GDS

A number of large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in shares of GDS by 26.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock valued at $75,000 after buying an additional 672 shares during the period. Signaturefd LLC raised its holdings in shares of GDS by 17.3% during the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after buying an additional 1,215 shares during the period. Blue Trust Inc. raised its holdings 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 during the period. BNP Paribas Financial Markets raised its holdings in shares of GDS by 1.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock valued at $3,721,000 after buying an additional 2,543 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of GDS during the 3rd quarter valued at about $64,000. 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.