GDS (NASDAQ:GDS) Lowered to “Hold” Rating by Jefferies Financial Group

GDS (NASDAQ:GDS) was downgraded by equities researchers at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. They currently have a $45.00 price target on the stock, up from their previous price target of $27.06. Jefferies Financial Group’s price objective indicates a potential upside of 0.54% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Raymond James upped their target price on GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a research note on Friday. Citizens Jmp upgraded GDS to a “strong-buy” rating in a research note on Monday, January 27th. Daiwa Capital Markets upgraded shares of GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. StockNews.com upgraded shares of GDS from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $26.00 price target on shares of GDS in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.40.

GDS Stock Down 7.7 %

NASDAQ GDS opened at $44.76 on Monday. The business has a fifty day moving average price of $26.17 and a two-hundred day moving average price of $21.64. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. GDS has a fifty-two week low of $5.85 and a fifty-two week high of $52.50. The stock has a market capitalization of $8.53 billion, a PE ratio of -14.68 and a beta of 0.12.

Hedge Funds Weigh In On GDS

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bamco Inc. NY lifted its position in GDS by 128.6% in the 3rd quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock valued at $123,227,000 after acquiring an additional 3,397,592 shares in the last quarter. American Century Companies Inc. lifted its position in GDS by 509.6% in the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company’s stock valued at $55,206,000 after acquiring an additional 1,942,341 shares in the last quarter. Triata Capital Ltd bought a new position in GDS in the 4th quarter valued at about $41,472,000. Sachem Head Capital Management LP lifted its position 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 valued at $57,630,000 after acquiring an additional 1,745,000 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in GDS in the 3rd quarter valued at about $27,212,000. Institutional investors 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.