GDS (NASDAQ:GDS) Downgraded to 'Sell' by StockNews.com

GDS (NASDAQ:GDS) has recently been downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a report that was published on Friday.

In addition to this downgrade, several other analysts have shared their insights regarding GDS. Royal Bank of Canada changed its rating from "outperform" to "sector perform" and updated its price target for GDS from $26.00 to $37.00 in a report released on Tuesday. Meanwhile, Daiwa Capital Markets elevated GDS from a "neutral" rating to a "buy" rating in their note dated February 11th. Citizens JMP also raised their rating for GDS to a "strong buy" on January 27th. Further, Raymond James increased their price objective on GDS from $25.00 to $53.00, giving it an "outperform" rating in a report published on February 21st. Additionally, JMP Securities began coverage of GDS on January 27th with an "outperform" rating and a target price of $35.00.

In summary, the current ratings for GDS include one sell rating, three hold ratings, four buy ratings, and two strong buy ratings. According to data from MarketBeat, GDS holds an average rating of "Moderate Buy" along with an average target price of $33.23.

GDS Stock Performance

On Friday, shares of GDS saw a slight increase, trading up by 0.3%, or $0.10, reaching a price of $38.05. In total, 3,236,634 shares were traded, compared to the average trading volume of 3,332,316 shares. GDS maintains a current ratio of 1.19, a quick ratio of 1.19, and a debt-to-equity ratio of 2.25. Over the past year, GDS has experienced a low of $5.85 and a high of $52.50. With a market capitalization of $7.25 billion, the company's price-to-earnings ratio stands at -12.48, and it has a beta of 0.12. The fifty-day moving average for GDS is $28.10, while the two-hundred-day moving average is $22.45.

Institutional Holdings

Several hedge funds and institutional investors have recently adjusted their positions in GDS. Alberta Investment Management Corp acquired a new stake in GDS during the fourth quarter, valued at approximately $4,935,000. Similarly, JPMorgan Chase & Co. significantly increased its holdings in GDS, by an impressive 7,553.4% during the third quarter, now owning 610,821 shares valued at $12,461,000, having added 602,840 shares in the last quarter alone. Additionally, Y Intercept Hong Kong Ltd grew its position by 165.5% in the fourth quarter, holding 54,127 shares valued at $1,286,000. Healthcare of Ontario Pension Plan Trust Fund made a new investment in GDS worth $27,212,000 during the third quarter. Finally, State of New Jersey Common Pension Fund D acquired another new position valued at $1,938,000 during the fourth quarter. It is noteworthy that institutional investors own approximately 33.71% of GDS stock.

About GDS Holdings Limited

GDS Holdings Limited, alongside its subsidiaries, specializes in the development and operation of data centers across the People's Republic of China. The company provides various services including colocation services, which encompass critical facilities space, accessible power for customers, racks, and cooling facilities. Additionally, GDS offers managed hosting services, such as business continuity, disaster recovery, network management, data storage, system security, operating system support, and server middleware services. Other services include managed cloud solutions and consulting services to a diverse clientele.

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