GDS (NASDAQ:GDS) Raised to “Strong-Buy” at Zacks Research

GDS (NASDAQ:GDS) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

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

GDS Stock Performance

Shares of GDS stock opened at $43.48 on Monday. GDS has a 12 month low of $16.92 and a 12 month high of $48.61. The firm has a market capitalization of $8.45 billion, a P/E ratio of 83.62 and a beta of 0.39. The company has a current ratio of 2.60, a quick ratio of 2.51 and a debt-to-equity ratio of 1.60. The business has a fifty day simple moving average of $43.49 and a two-hundred day simple moving average of $38.46.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Assetmark Inc. grew its holdings in shares of GDS by 1,123.2% during the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after buying an additional 629 shares during the last quarter. Leonteq Securities AG purchased a new position in GDS in the 4th quarter worth approximately $34,000. Advisors Asset Management Inc. purchased a new position in GDS in the 1st quarter worth approximately $25,000. NewEdge Advisors LLC bought a new position in GDS in the 1st quarter valued at approximately $25,000. Finally, Hantz Financial Services Inc. lifted its position in GDS by 165.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock valued at $53,000 after acquiring an additional 850 shares in the last quarter. 33.71% of the stock is 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.