Macquarie Begins Coverage on GDS (NASDAQ:GDS)

Stock analysts at Macquarie initiated coverage on shares of GDS (NASDAQ:GDS) in a research note issued to investors on Thursday. The firm set an “outperform” rating on the stock.

Several other analysts also recently weighed in on GDS. BMO Capital Markets upgraded GDS to a “market perform” rating in a research report on Wednesday, July 16th. JMP Securities lifted their target price on GDS from $40.00 to $50.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. upgraded 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 report on Wednesday, July 16th. Zacks Research downgraded GDS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Finally, Bank of America lifted their price objective on GDS from $47.60 to $50.60 and gave the company a “buy” rating in a report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, GDS has a consensus rating of “Moderate Buy” and a consensus price target of $46.93.

GDS Stock Up 3.5%

NASDAQ:GDS opened at $34.17 on Thursday. GDS has a twelve month low of $16.92 and a twelve month high of $52.50. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 10.11 and a beta of 0.37. The stock has a fifty day simple moving average of $36.35 and a 200-day simple moving average of $32.28. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.71.

Hedge Funds Weigh In On GDS

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank grew its stake in GDS by 83,700.0% in the second quarter. Huntington National Bank now owns 838 shares of the company’s stock valued at $26,000 after purchasing an additional 837 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in GDS in the first quarter valued at about $25,000. Brooklyn Investment Group grew its stake in GDS by 2,390.0% in the first quarter. Brooklyn Investment Group now owns 996 shares of the company’s stock valued at $25,000 after purchasing an additional 956 shares during the last quarter. NewEdge Advisors LLC purchased a new position in GDS in the first quarter valued at about $25,000. Finally, Summit Securities Group LLC purchased a new position in GDS in the first quarter valued at about $26,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Company Profile

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.