GDS (NASDAQ:GDS) Rating Lowered to “Sell” at StockNews.com

StockNews.com downgraded shares of GDS (NASDAQ:GDS) from a hold rating to a sell rating in a research note released on Friday.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada lowered shares of GDS from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $26.00 to $37.00 in a report on Tuesday. Raymond James lifted their target price on shares of GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. JMP Securities began coverage on shares of GDS in a research note on Monday, January 27th. They set an “outperform” rating and a $35.00 target price on the stock. Jefferies Financial Group cut shares of GDS from a “buy” rating to a “hold” rating and lifted their target price for the stock from $27.06 to $45.00 in a research note on Monday, February 24th. Finally, Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.23.

GDS Price Performance

Shares of NASDAQ GDS opened at $38.05 on Friday. The firm has a market cap of $7.25 billion, a PE ratio of -12.48 and a beta of 0.12. The firm has a fifty day moving average of $28.10 and a 200 day moving average of $22.45. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. GDS has a one year low of $5.85 and a one year high of $52.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. lifted its position in GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after buying an additional 2,353 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in GDS in the third quarter valued at about $64,000. PNC Financial Services Group Inc. lifted its position in GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock valued at $75,000 after buying an additional 672 shares during the last quarter. Wells Fargo & Company MN lifted its position in GDS by 1,904.2% in the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock valued at $90,000 after buying an additional 3,599 shares during the last quarter. Finally, Brookfield Corp ON acquired a new position in GDS in the third quarter valued at about $171,000. Institutional investors and hedge funds 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.