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 research note published on Tuesday, MarketBeat.com reports.

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

GDS Stock Up 4.6 %

GDS stock opened at $36.02 on Tuesday. The stock has a market cap of $6.86 billion, a PE ratio of -11.81 and a beta of 0.12. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. GDS has a one year low of $5.85 and a one year high of $36.08. The stock has a fifty day moving average of $23.25 and a 200 day moving average of $20.06.

Hedge Funds Weigh In On GDS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in GDS by 7,553.4% during the third quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock valued at $12,461,000 after buying an additional 602,840 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in GDS during the third quarter valued at approximately $27,212,000. Luxor Capital Group LP purchased a new stake in GDS during the third quarter valued at approximately $9,993,000. Pacer Advisors Inc. raised its position in GDS by 26.5% during the fourth quarter. Pacer Advisors Inc. now owns 898,982 shares of the company’s stock valued at $21,360,000 after purchasing an additional 188,072 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in GDS during the third quarter valued at approximately $544,000. 33.71% of the stock is owned by 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.