JMP Securities Begins Coverage on GDS (NASDAQ:GDS)

JMP Securities began coverage on shares of GDS (NASDAQ:GDS) in a research note issued to investors on Monday, Marketbeat.com reports. The firm set an “outperform” rating and a $35.00 price target on the stock. JMP Securities’ price objective indicates a potential upside of 59.38% from the stock’s current price.

Separately, Royal Bank of Canada reissued an “outperform” rating and set a $26.00 target price on shares of GDS in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, GDS has an average rating of “Buy” and a consensus target price of $22.60.

GDS Stock Up 3.4 %

Shares of NASDAQ GDS opened at $21.96 on Monday. The firm has a market cap of $4.18 billion, a P/E ratio of -7.20 and a beta of 0.13. 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 1 year low of $5.01 and a 1 year high of $29.17. The firm’s 50 day moving average price is $21.49 and its 200 day moving average price is $18.83.

Institutional Investors Weigh In On GDS

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC acquired a new position in shares of GDS during the second quarter valued at $108,000. Marshall Wace LLP bought a new stake in shares of GDS during the 2nd quarter worth about $203,000. Cubist Systematic Strategies LLC lifted its stake in shares of GDS by 921.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 112,568 shares of the company’s stock worth $1,046,000 after acquiring an additional 126,268 shares during the period. Creative Planning boosted its holdings in shares of GDS by 10.3% in the second quarter. Creative Planning now owns 99,850 shares of the company’s stock valued at $928,000 after acquiring an additional 9,332 shares in the last quarter. Finally, Swedbank AB increased its stake in shares of GDS by 3.7% during the third quarter. Swedbank AB now owns 338,974 shares of the company’s stock valued at $6,915,000 after acquiring an additional 12,100 shares during the period. 33.71% of the stock is currently owned by institutional investors.

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.