GDS (NASDAQ:GDS) Upgraded to “Buy” at Deutsche Bank Aktiengesellschaft

GDS (NASDAQ:GDS – Get Rating) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report released on Friday, MarketBeat reports. The firm currently has a $20.00 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 26.02% from the company’s current price.

Several other brokerages have also weighed in on GDS. HSBC cut their target price on GDS from $39.00 to $36.00 in a research report on Wednesday, November 23rd. Citigroup increased their target price on GDS from $34.00 to $35.50 in a research report on Monday, February 20th. StockNews.com assumed coverage on GDS in a research report on Thursday. They issued a “sell” rating on the stock. Truist Financial lowered their price target on GDS from $75.00 to $50.00 in a report on Wednesday, November 23rd. Finally, Royal Bank of Canada lowered their price target on GDS from $22.00 to $15.00 in a report on Tuesday, November 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, GDS has a consensus rating of “Hold” and a consensus price target of $36.95.

GDS Trading Down 2.3 %

Shares of GDS stock opened at $15.87 on Friday. GDS has a fifty-two week low of $8.41 and a fifty-two week high of $48.40. The firm has a market cap of $2.97 billion, a PE ratio of -12.70 and a beta of 0.69. The business’s fifty day moving average is $21.47 and its two-hundred day moving average is $18.85. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.56.

Hedge Funds Weigh In On GDS

A number of hedge funds have recently bought and sold shares of GDS. Lindbrook Capital LLC lifted its holdings in GDS by 148.8% in the fourth quarter. Lindbrook Capital LLC now owns 1,590 shares of the company’s stock worth $33,000 after acquiring an additional 951 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of GDS by 94.3% during the fourth quarter. Parallel Advisors LLC now owns 1,929 shares of the company’s stock valued at $40,000 after buying an additional 936 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in shares of GDS during the fourth quarter valued at approximately $41,000. Advisor Group Holdings Inc. raised its holdings in shares of GDS by 71.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,795 shares of the company’s stock valued at $57,000 after buying an additional 1,163 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of GDS during the fourth quarter valued at approximately $72,000. 42.64% of the stock is currently owned by institutional investors and hedge funds.

About GDS

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GDS Holdings Ltd. engages in developing and operating data centers in China. It builds, operates, and transfers data centers at other locations. Its data centers are carrier and cloud-neutral, which enable customers to connect to major telecommunications carriers, and to access a number of cloud service providers.