GDS (NASDAQ:GDS) Raised to Buy at Jefferies Financial Group

GDS (NASDAQ:GDS) was upgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued on Tuesday,Finviz reports. The firm presently has a $45.00 price objective on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 26.94% from the stock’s previous close.

A number of other analysts have also recently weighed in on GDS. JMP Securities assumed coverage on shares of GDS in a report on Monday, January 27th. They set an “outperform” rating and a $35.00 price objective on the stock. StockNews.com cut shares of GDS from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Citizens Jmp raised shares of GDS to a “strong-buy” rating in a report on Monday, January 27th. Finally, Raymond James lifted their target price on shares of GDS from $25.00 to $53.00 and gave the company an “outperform” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GDS presently has an average rating of “Moderate Buy” and a consensus price target of $33.23.

GDS Stock Up 0.5 %

GDS stock opened at $35.45 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS has a twelve month low of $5.85 and a twelve month high of $52.50. The company’s 50 day moving average is $31.11 and its two-hundred day moving average is $24.24. The stock has a market cap of $6.76 billion, a P/E ratio of -11.62 and a beta of 0.07.

Hedge Funds Weigh In On GDS

A number of hedge funds and other institutional investors have recently bought and sold shares of GDS. Public Employees Retirement System of Ohio purchased a new position in GDS in the 3rd quarter valued at $64,000. PNC Financial Services Group Inc. grew its position in 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 last quarter. Wells Fargo & Company MN grew its position in GDS by 1,904.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock valued at $90,000 after buying an additional 3,599 shares during the last quarter. Blue Trust Inc. boosted its position in shares of GDS by 121.9% during the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock worth $132,000 after purchasing an additional 3,053 shares in the last quarter. Finally, Brookfield Corp ON purchased a new stake in shares of GDS during the 3rd quarter worth $171,000. 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.