Zacks Research lowered shares of GDS (NASDAQ:GDS - Free Report) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks.com reports.
Other equities analysts have also issued research reports about the company. Daiwa Capital Markets reiterated a "buy" rating on shares of GDS in a research report on Wednesday, May 28th. Bank of America raised their price objective on GDS from $47.60 to $50.60 and gave the stock a "buy" rating in a research report on Friday, August 22nd. JMP Securities raised their price objective on GDS from $40.00 to $50.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 21st. BMO Capital Markets upgraded GDS to a "market perform" rating in a research report on Wednesday, July 16th. Finally, Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, GDS presently has an average rating of "Moderate Buy" and an average price target of $46.93.
View Our Latest Research Report on GDS
GDS Trading Down 1.5%
Shares of NASDAQ:GDS traded down $0.52 during midday trading on Tuesday, reaching $34.56. The company had a trading volume of 3,930,620 shares, compared to its average volume of 2,370,391. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.00 and a current ratio of 2.00. GDS has a 1-year low of $15.91 and a 1-year high of $52.50. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 10.22 and a beta of 0.34. The company has a fifty day simple moving average of $33.91 and a two-hundred day simple moving average of $30.31.
Institutional Investors Weigh In On GDS
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board raised its stake in shares of GDS by 77.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company's stock worth $214,115,000 after purchasing an additional 3,062,658 shares in the last quarter. Bamco Inc. NY raised its stake in shares of GDS by 10.5% during the 4th quarter. Bamco Inc. NY now owns 6,673,226 shares of the company's stock worth $158,556,000 after purchasing an additional 632,671 shares in the last quarter. Tekne Capital Management LLC raised its stake in shares of GDS by 6.9% during the 2nd quarter. Tekne Capital Management LLC now owns 6,263,467 shares of the company's stock worth $191,474,000 after purchasing an additional 403,256 shares in the last quarter. Aspex Management HK Ltd raised its stake in shares of GDS by 23.0% in the 4th quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company's stock valued at $117,059,000 after acquiring an additional 922,709 shares in the last quarter. Finally, Driehaus Capital Management LLC raised its stake in shares of GDS by 195.6% in the 4th quarter. Driehaus Capital Management LLC now owns 1,845,623 shares of the company's stock valued at $43,852,000 after acquiring an additional 1,221,289 shares in the last quarter. 33.71% of the stock is owned by hedge funds and other institutional investors.
About GDS
(
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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.
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