GDS (NASDAQ:GDS) Upgraded by Citizens Jmp to Strong-Buy Rating

Citizens Jmp upgraded shares of GDS (NASDAQ:GDS - Free Report) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other research firms have also recently commented on GDS. Royal Bank of Canada reiterated an "outperform" rating and set a $26.00 target price on shares of GDS in a research note on Thursday, December 5th. JMP Securities initiated coverage on shares of GDS in a report on Monday. They set an "outperform" rating and a $35.00 price objective for the company. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $22.60.

GDS Stock Performance

Shares of GDS stock traded down $1.34 during mid-day trading on Monday, hitting $21.71. 2,002,830 shares of the stock were exchanged, compared to its average volume of 1,964,523. The company has a market capitalization of $4.14 billion, a P/E ratio of -7.12 and a beta of 0.13. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The company has a 50-day simple moving average of $21.71 and a 200 day simple moving average of $18.96. GDS has a 12 month low of $5.01 and a 12 month high of $29.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in GDS by 1,558.3% during the third quarter. Blue Trust Inc. now owns 2,504 shares of the company's stock valued at $51,000 after purchasing an additional 2,353 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of GDS in the third quarter valued at approximately $64,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of GDS during the 2nd quarter valued at approximately $108,000. Signaturefd LLC boosted its holdings in GDS by 17.3% in the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company's stock worth $168,000 after buying an additional 1,215 shares during the period. Finally, Brookfield Corp ON purchased a new position in GDS in the 3rd quarter valued at approximately $171,000. 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.