GDS (NASDAQ:GDS) PT Lowered to $7.00 at JPMorgan Chase & Co.

GDS (NASDAQ:GDS) had its target price decreased by investment analysts at JPMorgan Chase & Co. from $12.00 to $7.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 3.86% from the company’s previous close.

Separately, StockNews.com raised GDS to a “sell” rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.69.

GDS Price Performance

NASDAQ GDS traded up $0.41 during trading hours on Thursday, reaching $6.74. 1,096,030 shares of the stock traded hands, compared to its average volume of 1,835,365. The stock has a 50 day simple moving average of $6.62 and a two-hundred day simple moving average of $8.74. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -2.02 and a beta of 0.41. GDS has a 1 year low of $5.01 and a 1 year high of $20.78. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.52 and a quick ratio of 1.52.

Hedge Funds Weigh In On GDS

A number of hedge funds have recently bought and sold shares of the business. Cerity Partners LLC bought a new stake in shares of GDS in the fourth quarter worth $13,928,000. Goldman Sachs Group Inc. boosted its stake in shares of GDS by 68.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,722,047 shares of the company’s stock worth $146,090,000 after acquiring an additional 1,507,914 shares during the last quarter. Bank of America Corp DE grew its position in shares of GDS by 366.6% during the 4th quarter. Bank of America Corp DE now owns 1,562,795 shares of the company’s stock valued at $32,225,000 after acquiring an additional 1,227,878 shares during the period. Pacer Advisors Inc. purchased a new stake in shares of GDS in the 4th quarter worth $6,952,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in GDS by 76.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,630,386 shares of the company’s stock worth $17,853,000 after purchasing an additional 707,149 shares during the period. Hedge funds and other 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.