GDS (NASDAQ:GDS) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group downgraded shares of GDS (NASDAQ:GDS) from a buy rating to a hold rating in a research report sent to investors on Monday, Marketbeat.com reports. They currently have $45.00 price target on the stock, up from their previous price target of $27.06.

A number of other research analysts also recently issued reports on GDS. Royal Bank of Canada reissued an “outperform” rating and issued a $26.00 price target on shares of GDS in a report on Wednesday, January 29th. Citizens Jmp raised GDS to a “strong-buy” rating in a report on Monday, January 27th. Daiwa Capital Markets upgraded shares of GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. StockNews.com raised GDS from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Raymond James increased their price objective on GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Four investment 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.23.

GDS Price Performance

Shares of NASDAQ GDS opened at $40.09 on Monday. The business’s 50 day moving average price is $27.36 and its 200 day moving average price is $22.16. The firm has a market cap of $7.64 billion, a P/E ratio of -13.14 and a beta of 0.12. 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 52 week low of $5.85 and a 52 week high of $52.50.

Hedge Funds Weigh In On GDS

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

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.