GDS (NASDAQ:GDS) Lowered to “Hold” Rating by Jefferies Financial Group

GDS (NASDAQ:GDS) was downgraded by equities research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued on Monday, MarketBeat reports. They currently have a $45.00 price objective on the stock, up from their prior price objective of $27.06. Jefferies Financial Group’s target price suggests a potential upside of 0.54% from the company’s current price.

Other research analysts have also issued reports about the stock. JMP Securities began coverage on shares of GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 price objective for the company. Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a report on Monday, January 27th. Raymond James upped their price objective on shares of GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a report on Friday. StockNews.com upgraded shares of GDS from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $26.00 price objective on shares of GDS in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, GDS currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.40.

GDS Trading Down 7.7 %

NASDAQ:GDS opened at $44.76 on Monday. The company has a fifty day moving average of $26.17 and a 200 day moving average of $21.64. GDS has a 52 week low of $5.85 and a 52 week high of $52.50. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $8.53 billion, a P/E ratio of -14.68 and a beta of 0.12.

Institutional Investors Weigh In On GDS

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alberta Investment Management Corp bought a new stake in GDS during the 4th quarter worth approximately $4,935,000. JPMorgan Chase & Co. raised its stake in GDS by 7,553.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock worth $12,461,000 after acquiring an additional 602,840 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in GDS during the 3rd quarter worth approximately $27,212,000. Pacer Advisors Inc. raised its position in shares of GDS by 26.5% during the fourth quarter. Pacer Advisors Inc. now owns 898,982 shares of the company’s stock valued at $21,360,000 after buying an additional 188,072 shares during the last quarter. Finally, Luxor Capital Group LP bought a new stake in shares of GDS during the third quarter valued at approximately $9,993,000. Institutional investors own 33.71% of the company’s stock.

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.