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

Shares of Chindata Group Holdings Limited (NASDAQ:CD) have received a consensus rating of “Buy” from the six ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $14.71.

CD has been the topic of several research analyst reports. Morgan Stanley cut shares of Chindata Group from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 7th. Zacks Investment Research upgraded shares of Chindata Group from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a report on Wednesday, January 5th. Finally, Credit Suisse Group cut shares of Chindata Group from an “outperform” rating to a “neutral” rating and set a $8.30 price objective on the stock. in a report on Monday, December 13th.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE purchased a new position in Chindata Group during the third quarter valued at $26,000. Macquarie Group Ltd. purchased a new position in Chindata Group during the third quarter valued at $45,000. Ensign Peak Advisors Inc purchased a new position in Chindata Group during the second quarter valued at $109,000. Voya Investment Management LLC purchased a new position in shares of Chindata Group in the 3rd quarter worth $89,000. Finally, Balyasny Asset Management LLC purchased a new position in shares of Chindata Group in the 3rd quarter worth $94,000. 16.04% of the stock is owned by hedge funds and other institutional investors.

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Shares of NASDAQ CD traded down $0.17 during mid-day trading on Friday, hitting $5.31. The stock had a trading volume of 1,244,969 shares, compared to its average volume of 1,408,627. The firm has a market cap of $1.94 billion, a P/E ratio of 88.51 and a beta of 2.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.25 and a current ratio of 3.25. The business has a 50 day moving average price of $7.55 and a two-hundred day moving average price of $10.17. Chindata Group has a 1 year low of $5.13 and a 1 year high of $27.47.

Chindata Group (NASDAQ:CD) last issued its quarterly earnings data on Tuesday, November 23rd. The company reported $0.22 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 in the prior year, the business earned ($0.08) earnings per share. Equities research analysts predict that Chindata Group will post 0.04 EPS 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)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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