Chindata Group Holdings Limited (NASDAQ:CD) Receives Consensus Rating of “Buy” from Analysts

Chindata Group Holdings Limited (NASDAQ:CD) has earned a consensus recommendation of “Buy” from the six analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $14.71.

Several analysts have issued reports on the stock. Credit Suisse Group lowered shares of Chindata Group from an “outperform” rating to a “neutral” rating and set a $8.30 price target for the company. in a research report on Monday, December 13th. Morgan Stanley downgraded shares of Chindata Group from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 7th. Finally, Zacks Investment Research raised shares of Chindata Group from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research note on Wednesday, January 5th.

A number of hedge funds have recently added to or reduced their stakes in CD. DekaBank Deutsche Girozentrale bought a new position in Chindata Group in the second quarter worth about $83,000. Swiss National Bank bought a new position in Chindata Group in the second quarter worth about $2,434,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in Chindata Group in the second quarter worth about $311,000. Sei Investments Co. raised its stake in Chindata Group by 32.3% in the second quarter. Sei Investments Co. now owns 136,256 shares of the company’s stock worth $2,056,000 after buying an additional 33,228 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in Chindata Group in the second quarter worth about $542,000. 16.04% of the stock is owned by institutional investors.

NASDAQ CD traded down $0.17 during trading on Friday, hitting $5.31. 1,244,969 shares of the company’s stock traded hands, compared to its average volume of 1,408,627. The stock has a fifty day moving average of $7.62 and a two-hundred day moving average of $10.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.25 and a quick ratio of 3.25. Chindata Group has a 12-month low of $5.13 and a 12-month high of $27.47. The firm has a market cap of $1.94 billion, a P/E ratio of 86.51 and a beta of 2.83.

Chindata Group (NASDAQ:CD) last posted its quarterly earnings results on Tuesday, November 23rd. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.25. Chindata Group had a net margin of 6.68% and a return on equity of 2.03%. During the same quarter last year, the business earned ($0.08) earnings per share. As a group, analysts expect that Chindata Group will post 0.04 earnings per share for the current fiscal year.

About Chindata Group

Chindata Group Holdings Limited provides carrier-neutral hyper scale data center solutions in China, India, and Southeast Asia. It offers artificial intelligence, cloud computing, smart cities and homes, online entertainment, and other on-demand services. The company also provides internet data center colocation and rental services; and technical and consulting services.

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Analyst Recommendations for Chindata Group (NASDAQ:CD)

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