GDS (NASDAQ:GDS) Earns Outperform Rating from Analysts at JMP Securities

Analysts at JMP Securities started coverage on shares of GDS (NASDAQ:GDS) in a research report issued on Monday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating and a $35.00 price target on the stock. JMP Securities’ price target suggests a potential upside of 53.58% from the company’s current price.

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and set a $26.00 target price on shares of GDS in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.60.

GDS Trading Up 7.3 %

Shares of NASDAQ:GDS opened at $22.79 on Monday. GDS has a 52-week low of $5.01 and a 52-week high of $29.17. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of -7.47 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 stock’s 50-day simple moving average is $21.54 and its two-hundred day simple moving average is $18.72.

Institutional Investors Weigh In On GDS

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC raised its position in shares of GDS by 17.3% during the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after buying an additional 1,215 shares during the last quarter. Blue Trust Inc. increased its holdings in GDS by 1,558.3% in the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after acquiring an additional 2,353 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in GDS by 1.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock worth $3,721,000 after purchasing an additional 2,543 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of GDS during the 3rd quarter valued at about $64,000. Finally, Centiva Capital LP grew its position in shares of GDS by 49.5% during the third quarter. Centiva Capital LP now owns 23,479 shares of the company’s stock valued at $479,000 after purchasing an additional 7,772 shares in the last quarter. 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.