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

GDS (NASDAQ:GDS) was upgraded by investment analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm currently has a $45.00 price objective on the stock. Jefferies Financial Group’s price objective points to a potential upside of 47.01% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Citizens Jmp raised GDS to a “strong-buy” rating in a report on Monday, January 27th. JMP Securities assumed coverage on GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 price objective on the stock. Raymond James lifted their price objective on GDS from $25.00 to $53.00 and gave the company an “outperform” rating in a report on Friday, February 21st. StockNews.com lowered GDS from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Finally, Royal Bank of Canada lowered GDS from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $26.00 to $37.00 in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.23.

GDS Price Performance

Shares of GDS opened at $30.61 on Tuesday. GDS has a twelve month low of $5.85 and a twelve month high of $52.50. The stock’s 50 day moving average is $31.33 and its two-hundred day moving average is $24.41. The firm has a market capitalization of $5.83 billion, a PE 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.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Alberta Investment Management Corp acquired a new position in GDS in the 4th quarter valued at $4,935,000. JPMorgan Chase & Co. grew its stake in shares of GDS by 7,553.4% during the 3rd 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 period. Y Intercept Hong Kong Ltd grew its stake in shares of GDS by 165.5% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 54,127 shares of the company’s stock valued at $1,286,000 after buying an additional 33,741 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of GDS during the 3rd quarter valued at $27,212,000. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of GDS during the 4th quarter valued at $1,938,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

About GDS

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.