GDS (NASDAQ:GDS) Stock Rating Lowered by Jefferies Financial Group

Jefferies Financial Group downgraded shares of GDS (NASDAQ:GDS) from a buy rating to a hold rating in a research note issued to investors on Monday morning, Marketbeat Ratings reports. Jefferies Financial Group currently has $45.00 target price on the stock, up from their prior target price of $27.06.

A number of other analysts have also recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $26.00 target price on shares of GDS in a research report on Wednesday, January 29th. Citizens Jmp raised GDS to a “strong-buy” rating in a report on Monday, January 27th. Raymond James raised their target price on shares of GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. StockNews.com upgraded shares of GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.23.

GDS Price Performance

Shares of GDS opened at $40.09 on Monday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. GDS has a 1-year low of $5.85 and a 1-year high of $52.50. The stock has a market cap of $7.64 billion, a PE ratio of -13.14 and a beta of 0.12. The firm has a fifty day moving average price of $27.36 and a 200 day moving average price of $22.16.

Hedge Funds Weigh In On GDS

A number of hedge funds and other institutional investors have recently bought and sold shares of GDS. Amiral Gestion acquired a new stake in shares of GDS in the 4th quarter worth $333,000. Voloridge Investment Management LLC raised its holdings in GDS by 36.9% during the fourth quarter. Voloridge Investment Management LLC now owns 521,171 shares of the company’s stock worth $12,383,000 after purchasing an additional 140,343 shares in the last quarter. Woodline Partners LP acquired a new stake in GDS in the fourth quarter valued at about $4,877,000. Vident Advisory LLC lifted its position in GDS by 23.9% in the fourth quarter. Vident Advisory LLC now owns 24,390 shares of the company’s stock valued at $580,000 after purchasing an additional 4,710 shares during the period. Finally, Triata Capital Ltd purchased a new stake in GDS in the 4th quarter valued at approximately $41,472,000. 33.71% of the stock is currently owned by hedge funds and other 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.