GDS (NASDAQ:GDS) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of GDS (NASDAQ:GDS) from a hold rating to a strong-buy rating in a research note published on Monday,Zacks.com reports.

Several other analysts have also commented on GDS. Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a report on Tuesday, January 13th. UBS Group set a $55.00 target price on GDS in a research note on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a research report on Monday, December 29th. Morgan Stanley reissued an “overweight” rating and issued a $64.00 price target on shares of GDS in a report on Tuesday, March 17th. Finally, Wall Street Zen lowered GDS from a “hold” rating to a “sell” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $49.90.

GDS Price Performance

Shares of GDS opened at $43.48 on Monday. The company has a market cap of $8.45 billion, a price-to-earnings ratio of 83.62 and a beta of 0.39. GDS has a twelve month low of $16.92 and a twelve month high of $48.61. The company has a quick ratio of 2.51, a current ratio of 2.60 and a debt-to-equity ratio of 1.60. The company has a 50 day moving average of $43.49 and a two-hundred day moving average of $38.46.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GDS. Sachem Head Capital Management LP lifted its holdings in shares of GDS by 45.0% during the fourth quarter. Sachem Head Capital Management LP now owns 9,300,000 shares of the company’s stock worth $324,570,000 after purchasing an additional 2,885,000 shares during the period. Canada Pension Plan Investment Board increased its holdings in GDS by 77.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after buying an additional 3,062,658 shares during the period. Tekne Capital Management LLC raised its position in GDS by 6.9% during the 2nd quarter. Tekne Capital Management LLC now owns 6,263,467 shares of the company’s stock worth $191,474,000 after buying an additional 403,256 shares during the last quarter. Aspex Management HK Ltd raised its position in GDS by 46.4% during the 2nd quarter. Aspex Management HK Ltd now owns 4,406,949 shares of the company’s stock worth $134,720,000 after buying an additional 1,397,073 shares during the last quarter. Finally, Bamco Inc. NY lifted its stake in GDS by 35.0% during the 3rd quarter. Bamco Inc. NY now owns 4,258,664 shares of the company’s stock valued at $164,810,000 after acquiring an additional 1,104,756 shares during the period. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Company Profile

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.