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

GDS Holdings Limited (NASDAQ:GDS) has recently been downgraded from a "hold" rating to a "sell" rating by analysts at StockNews.com, as noted in a report published on Friday. This rating change reflects ongoing concerns about the company's stock performance and market conditions.

Several other equity analysts have also provided updates on their views regarding GDS. For instance, the Royal Bank of Canada recently lowered its rating on GDS from "outperform" to "sector perform" while simultaneously increasing its price target from $26.00 to $37.00 in a report issued on Tuesday. Conversely, Daiwa Capital Markets upgraded GDS from a "neutral" rating to a "buy" rating in its own research note released on Tuesday, February 11th. Furthermore, Citizens Jmp assigned a "strong-buy" rating to GDS in a report on January 27th.

Raymond James also raised its target price for GDS shares, increasing it from $25.00 to $53.00 while maintaining an "outperform" rating on February 21st. Additionally, JMP Securities initiated coverage on GDS with an "outperform" rating and a target price of $35.00.

According to recent data, among analysts, one has rated the stock as a sell, three maintain a hold rating, four have given it a buy rating, and two have marked it as a strong buy. Overall, the stock has an average rating of "Moderate Buy" with an average price target of $33.23, based on insights from MarketBeat.

GDS Stock Performance

On Friday, shares of GDS traded at $38.05, representing a slight increase of 0.3%, or $0.10, during the day's trading. The trading volume of 3,236,634 shares was relatively close to the average volume of 3,332,316 shares. In terms of financials, GDS has a market capitalization of $7.25 billion, a price-to-earnings ratio of -12.48, and a beta of 0.12. The company has a current ratio of 1.19 and a quick ratio of 1.19, with a debt-to-equity ratio standing at 2.25. Over the past year, GDS has seen its shares fluctuate, reaching a low of $5.85 and a high of $52.50.

Institutional Investment Trends

Recently, a number of institutional investors have modified their stakes in GDS. Alberta Investment Management Corp acquired a new position in GDS valued at approximately $4,935,000 during the fourth quarter. Meanwhile, JPMorgan Chase & Co. dramatically increased its holdings in GDS by 7,553.4% during the third quarter, owning now 610,821 shares worth approximately $12,461,000 after acquiring an additional 602,840 shares. Y Intercept Hong Kong Ltd also expanded its position in the stock by 165.5% in the fourth quarter, now holding 54,127 shares valued at $1,286,000 after purchasing 33,741 shares. Moreover, Healthcare of Ontario Pension Plan Trust Fund invested $27,212,000 in GDS during the third quarter, and State of New Jersey Common Pension Fund D bought a position valued at $1,938,000 during the fourth quarter. Currently, institutional investors own about 33.71% of GDS stock.

About GDS Holdings Limited

GDS Holdings Limited is a prominent player in the data center industry in the People's Republic of China. The company specializes in providing colocation services, which include critical facilities space, power, racks, and cooling solutions for its clients. Additionally, GDS offers managed hosting services that encompass business continuity and disaster recovery, network management, data storage, system security, and server middleware services. The firm is also engaged in managed cloud services and various consulting services.

GDS, Downgrade, Investment