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

GDS (NASDAQ:GDS) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

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

GDS Trading Up 2.8%

GDS stock opened at $43.48 on Monday. GDS has a one year low of $16.92 and a one year high of $48.61. The business’s fifty day moving average is $43.49 and its 200 day moving average is $38.46. The stock has a market capitalization of $8.45 billion, a PE ratio of 83.62 and a beta of 0.39. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.60 and a quick ratio of 2.51.

Institutional Trading of GDS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AI Squared Management Ltd grew its holdings in GDS by 793.5% during the third quarter. AI Squared Management Ltd now owns 98,280 shares of the company’s stock valued at $3,803,000 after purchasing an additional 87,280 shares during the period. Light Street Capital Management LLC bought a new position in shares of GDS in the second quarter worth about $21,845,000. Taikang Asset Management Hong Kong Co Ltd purchased a new position in shares of GDS during the 2nd quarter valued at about $1,681,000. Summit Global Investments purchased a new position in shares of GDS during the 2nd quarter valued at about $350,000. Finally, Aspex Management HK Ltd grew its stake in shares of GDS by 46.4% during the 2nd quarter. Aspex Management HK Ltd now owns 4,406,949 shares of the company’s stock valued at $134,720,000 after acquiring an additional 1,397,073 shares during the period. 33.71% of the stock is owned by hedge funds and other institutional investors.

About GDS

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.