GDS (NASDAQ:GDS) Upgraded at Raymond James

GDS (NASDAQ:GDS) was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a report issued on Thursday, Marketbeat.com reports. The brokerage currently has a $53.00 target price on the stock. Raymond James’ target price would suggest a potential upside of 73.15% from the stock’s previous close.

A number of other brokerages have also recently weighed in on GDS. JMP Securities started coverage on shares of GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 price objective on the stock. Jefferies Financial Group upgraded GDS from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday. Citizens Jmp raised 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. Finally, StockNews.com downgraded GDS from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.23.

GDS Stock Performance

Shares of GDS stock opened at $30.61 on Thursday. The business has a fifty day simple moving average of $31.33 and a two-hundred day simple moving average of $24.41. The firm has a market capitalization of $5.83 billion, a P/E ratio of -10.04 and a beta of 0.06. 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 12 month low of $5.85 and a 12 month high of $52.50.

Institutional Trading of GDS

Several hedge funds have recently bought and sold shares of GDS. Bamco Inc. NY raised its stake in shares of GDS by 128.6% in the third quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock worth $123,227,000 after buying an additional 3,397,592 shares during the period. American Century Companies Inc. increased its holdings in GDS by 509.6% in the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company’s stock worth $55,206,000 after acquiring an additional 1,942,341 shares in the last quarter. Triata Capital Ltd bought a new stake in GDS during the 4th quarter worth approximately $41,472,000. Sachem Head Capital Management LP lifted its holdings in GDS by 161.6% during the third quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock valued at $57,630,000 after purchasing an additional 1,745,000 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of GDS in the third quarter worth approximately $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.