In yesterday’s Wall Street session, Chindata Group Holdings Limited (NASDAQ:CD) shares traded at $7.51, down -6.01% from the previous session.
As of this writing, 10 analysts cover Chindata Group Holdings Limited (NASDAQ:CD). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $93.72 and a low of $63.49, we find $75.93. Given the previous closing price of $7.99, this indicates a potential upside of 850.31 percent. CD stock price is now 10.50% away from the 50-day moving average and 7.20% away from the 200-day moving average. The market capitalization of the company currently stands at $2.86B.
There are 0 analysts who have given it a hold rating, whereas 9 have given it a buy rating. Brokers who have rated the stock have averaged $78.39 as their price target over the next twelve months.
With the price target maintained at $8.30, Credit Suisse recently Upgraded its rating from Neutral to Outperform for Chindata Group Holdings Limited (NASDAQ: CD). On December 13, 2021, Credit Suisse Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $8.30, while ‘JP Morgan’ rates the stock as ‘Overweight’.
A total of 0.64% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CD stock. A new stake in Chindata Group Holdings Limited shares was purchased by VANGUARD GROUP INC during the first quarter worth $68,529,000. SNOW LAKE CAPITAL (HK) LTD invested $28,538,000 in shares of CD during the first quarter. In the first quarter, ELECTRON CAPITAL PARTNERS, LLC acquired a new stake in Chindata Group Holdings Limited valued at approximately $17,843,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND acquired a new stake in CD for approximately $7,889,000. UBS OCONNOR LLC purchased a new stake in CD valued at around $4,424,000 in the second quarter. In total, there are 141 active investors with 48.70% ownership of the company’s stock.
Wednesday morning saw Chindata Group Holdings Limited (NASDAQ: CD) opened at $7.89. During the past 12 months, Chindata Group Holdings Limited has had a low of $3.75 and a high of $9.08. As of last week, the company has a debt-to-equity ratio of 0.79, a current ratio of 2.20, and a quick ratio of 2.20. The fifty day moving average price for CD is $6.80 and a two-hundred day moving average price translates $7.01 for the stock.
The latest earnings results from Chindata Group Holdings Limited (NASDAQ: CD) was released for Jun, 2022. According to the Information Technology Services Company, earnings per share came in at $0.04, beating analysts’ expectations of $0.03 by 0.01. This compares to $0.04 EPS in the same period last year. The net profit margin was 16.50% and return on equity was 6.30% for CD. The company reported revenue of $169.07 million for the quarter, compared to $114.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.06 percent. For the current quarter, analysts expect CD to generate $153.99M in revenue.
Chindata Group Holdings Limited(CD) Company Profile
Chindata Group Holdings Limited provides carrier-neutral hyper scale data center solutions in China, India, Malaysia, 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. Its integrated data center solutions include infrastructure, power supply, connectivity and operation and maintenance, tailor-made to their scale and requirements throughout the planning, design, construction, and operation process. The company was formerly known as BCPE Bridge Stack Limited and changed its name to Chindata Group Holdings Limited in April 2020. Chindata Group Holdings Limited was founded in 2015 and is headquartered in Beijing, China.