Chindata Group Holdings Limited (NASDAQ: CD) has been given an average recommendation of “Buy” from the ten analysts currently covering the company, reports MarketBeat. Two analysts rated the stock with a keep recommendation and eight gave the company a buy recommendation. The one-year average price target among brokerage firms that issued stock ratings in the past year is $ 20.33.
Several research companies have recently weighed in on CDs. JPMorgan Chase & Co. began covering shares of Chindata Group in a research note on Wednesday, August 18. They issued an “overweight” rating and a target price of $ 18.00 for the company. Zacks Investment Research downgraded the Chindata Group from a “buy” rating to a “conservation” rating in a research report released Thursday.
Several large investors have recently changed their positions in CD. DekaBank Deutsche Girozentrale bought a new position in Chindata Group during the second quarter worth $ 83,000. Bank of Montreal Can increased its stake in Chindata Group by 3,455.6% during the first quarter. Bank of Montreal Can now owns 5,760 shares of the company valued at $ 88,000 after purchasing an additional 5,598 shares during the period. Ensign Peak Advisors Inc purchased a new position in Chindata Group in the second quarter valued at approximately $ 109,000. Citigroup Inc. increased its stake in Chindata Group by 167.4% in the first quarter. Citigroup Inc. now owns 7,159 shares of the company valued at $ 118,000 after acquiring an additional 4,482 shares during the period. Finally, Asset Management One Co. Ltd. acquired a new position in Chindata Group shares during the second quarter valued at approximately $ 139,000. 13.91% of the shares are currently held by institutional investors.
Chindata Group stock opened at $ 10.54 on Friday. The company has a leverage ratio of 0.48, a rapid ratio of 4.16, and a current ratio of 4.16. Chindata Group has a 52 week low of $ 9.64 and a 52 week high of $ 27.47. The company has a market cap of $ 3.85 billion and a P / E ratio of -175.67. The company’s fifty-day moving average is $ 12.00 and its two-hundred-day moving average is $ 14.41.
Chindata Group (NASDAQ: CD) last released its results on Wednesday, August 25. The company reported earnings per share of $ 0.31 for the quarter, exceeding the consensus estimate of ($ 0.01) by $ 0.32. Chindata Group recorded a negative return on equity of 0.52% and a negative net margin of 3.01%. On average, equity research analysts predict that Chindata Group will post 0.04 earnings per share for the current year.
Chindata Group Company Profile
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 colocation and rental services for Internet data centers; and technical and advisory services.
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