GDS (NASDAQ:GDS) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of GDS (NASDAQ:GDS) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. BMO Capital Markets raised shares of GDS to a “market perform” rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. raised shares of GDS from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $34.00 to $46.00 in a research note on Wednesday, July 16th. Daiwa Capital Markets reissued a “buy” rating on shares of GDS in a research note on Wednesday, May 28th. Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a research note on Wednesday, May 21st. Finally, JMP Securities lifted their target price on shares of GDS from $40.00 to $50.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, GDS presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.93.

GDS Price Performance

GDS stock opened at $35.08 on Tuesday. The company has a fifty day moving average price of $33.76 and a 200-day moving average price of $30.38. The company has a market capitalization of $6.68 billion, a P/E ratio of 10.38 and a beta of 0.33. GDS has a 52-week low of $15.91 and a 52-week high of $52.50. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.00 and a current ratio of 2.00.

Institutional Investors Weigh In On GDS

A number of large investors have recently bought and sold shares of GDS. Brooklyn Investment Group grew its holdings in GDS by 2,390.0% in the first quarter. Brooklyn Investment Group now owns 996 shares of the company’s stock worth $25,000 after purchasing an additional 956 shares during the period. Advisors Asset Management Inc. acquired a new stake in GDS in the first quarter worth $25,000. NewEdge Advisors LLC acquired a new stake in GDS in the first quarter worth $25,000. Summit Securities Group LLC acquired a new stake in GDS in the first quarter worth $26,000. Finally, Huntington National Bank grew its holdings in GDS by 83,700.0% in the second quarter. Huntington National Bank now owns 838 shares of the company’s stock worth $26,000 after purchasing an additional 837 shares during the period. 33.71% of the stock is currently owned by institutional investors and hedge funds.

About GDS

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.