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

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.

(A d)

If you’ve watched The Big Short movie, you’ve heard of Michael Burry.

He was one of the few who predicted the 2008 crash. Now he’s warning the “mother of all crashes” is coming.

If you have money in the markets I invite you to click here and get the exact day of the next stock market crash.

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.

Read more: Stochastic Dynamics Index (SMI)

Analyst Recommendations for Chindata Group (NASDAQ: CD)

This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]etbeat.com.

Should you invest $ 1,000 in Chindata Group now?

Before you consider Chindata Group, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the larger market takes hold of… and Chindata Group was not on the list.

While Chindata Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bids.

See the 5 actions here

About Tina G.

Check Also

Zacks: Brokerages Predict Kroger Co. (NYSE: KR) to Report Quarterly Sales of $ 30.87 Billion

Stock analysts predict The Kroger Co. (NYSE: KR) will post revenue of $ 30.87 billion …