GDS (NASDAQ:GDS) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of GDS (NASDAQ:GDS - Free Report) from a neutral rating to an overweight rating in a research note published on Wednesday morning, MarketBeat reports. JPMorgan Chase & Co. currently has $46.00 target price on the stock, up from their prior target price of $34.00.

A number of other analysts have also recently weighed in on the stock. Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Jefferies Financial Group raised shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 target price on the stock in a research note on Tuesday, March 18th. Citigroup reaffirmed an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. Raymond James Financial upgraded shares of GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price target on the stock in a report on Thursday, March 20th. Finally, Daiwa Capital Markets reiterated a "buy" rating on shares of GDS in a report on Wednesday, May 28th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $40.57.

GDS Stock Performance

Shares of GDS traded down $0.37 during mid-day trading on Wednesday, hitting $37.58. 1,468,835 shares of the company's stock were exchanged, compared to its average volume of 2,241,328. GDS has a 52 week low of $9.88 and a 52 week high of $52.50. The stock's 50-day simple moving average is $29.06 and its 200-day simple moving average is $28.26. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 11.53 and a beta of 0.31. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.62.

GDS (NASDAQ:GDS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.70. The business had revenue of $375.14 million for the quarter, compared to analysts' expectations of $2.72 billion. GDS had a net margin of 39.90% and a return on equity of 0.78%. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted ($1.96) earnings per share. On average, equities research analysts expect that GDS will post -0.89 EPS for the current year.

Institutional Investors Weigh In On GDS

Several hedge funds and other institutional investors have recently bought and sold shares of GDS. Brooklyn Investment Group increased its stake in GDS by 2,390.0% in the first quarter. Brooklyn Investment Group now owns 996 shares of the company's stock valued at $25,000 after purchasing an additional 956 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of GDS during the first quarter worth about $25,000. NewEdge Advisors LLC bought a new stake in shares of GDS during the first quarter worth about $25,000. Summit Securities Group LLC bought a new stake in shares of GDS during the first quarter worth about $26,000. Finally, PNC Financial Services Group Inc. increased its position in shares of GDS by 26.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock worth $75,000 after acquiring an additional 672 shares in the last quarter. 33.71% of the stock is owned by 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.