GDS (NASDAQ:GDS) Rating Increased to Strong-Buy at Citizens Jmp

GDS (NASDAQ:GDS) was upgraded by research analysts at Citizens Jmp to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

GDS has been the subject of several other reports. JMP Securities began coverage on shares of GDS in a report on Monday. They issued an “outperform” rating and a $35.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $26.00 price target on shares of GDS in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.60.

GDS Stock Down 6.8 %

NASDAQ:GDS opened at $21.24 on Monday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a 50-day simple moving average of $21.54 and a 200 day simple moving average of $18.76. The company has a market cap of $4.05 billion, a PE ratio of -6.96 and a beta of 0.13. GDS has a 52-week low of $5.01 and a 52-week high of $29.17.

Institutional Inflows and Outflows

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

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.