NASDAQ:CD

Chindata Group (CD) Stock Forecast, Price & News

$7.24

+0.30 (+4.32%)

(As of 06/8/2023 ET)

Compare

Today's Range: $7.00
▼
$7.30
50-Day Range: $4.94
▼
$7.09
52-Week Range: $4.86
▼
$9.21

Volume: 4.21 million shs
Average Volume: 1.28 million shs
Market Capitalization: $2.65 billion

P/E Ratio: 22.63
Dividend Yield: N/A
Price Target: $8.90

Chindata Group MarketRank™ Forecast

Analyst Rating: N/A
0.00 Rating Score
Upside/Downside: 22.9% Upside
$8.90 Price Target
Short Interest: Healthy
1.05% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.60
Based on 11 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 37.21%
From $0.43 to $0.59 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.88 out of 5 stars

Business Services Sector

151st out of 332 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

22nd out of 60 stocks

1.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $8.90, Chindata Group has a forecasted upside of 22.9% from its current price of $7.24.
Amount of Analyst Coverage
Chindata Group has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.05% of the outstanding shares of Chindata Group have been sold short.
Short Interest Ratio / Days to Cover
Chindata Group has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Chindata Group has recently decreased by 2.28%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Chindata Group does not currently pay a dividend.
Dividend Growth
Chindata Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CD.

3.7

News and Social Media Coverage

News Sentiment
Chindata Group has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Chindata Group this week, compared to 2 articles on an average week.
Search Interest
4 people have searched for CD on MarketBeat in the last 30 days.
MarketBeat Follows
3 people have added Chindata Group to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Chindata Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.50% of the stock of Chindata Group is held by insiders.
Percentage Held by Institutions
Only 25.98% of the stock of Chindata Group is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Chindata Group are expected to grow by 37.21% in the coming year, from $0.43 to $0.59 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Chindata Group is 22.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Chindata Group is 22.63, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 282.96.
Price to Book Value per Share Ratio
Chindata Group has a P/B Ratio of 1.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Chindata Group (NASDAQ:CD) Stock

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.

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CD Stock News Headlines

June 8, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Trip.com Group Ltd. Sponsored ADR (TCOM) and Chindata Group Holdings (CD)

June 7, 2023 | finance.yahoo.com

Why Chindata Group Holdings Stock Rocketed 11% Higher Today

June 8, 2023 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.

June 7, 2023 | msn.com

Asian Equities Retreat Slightly After Positive Start to Wednesday Trading

June 7, 2023 | markets.businessinsider.com

Why Chindata Group Shares Are Surging Today

June 7, 2023 | americanbankingnews.com

Chindata Group (NASDAQ:CD) Sees Large Volume Increase

June 7, 2023 | msn.com

Bain shareholders offers to acquire remaining stake in Chindata for $4/share

June 7, 2023 | finance.yahoo.com

Bain Capital values Chindata at nearly $3 billion in take-private offer

June 8, 2023 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

June 2, 2023 | finance.yahoo.com

Why Chindata Group Holdings Stock Soared 20% Higher This Week

June 2, 2023 | finance.yahoo.com

Chindata Group Holdings (NASDAQ:CD) Might Have The Makings Of A Multi-Bagger

June 1, 2023 | finance.yahoo.com

Q1 2023 Chindata Group Holdings Ltd Earnings Call

May 31, 2023 | finance.yahoo.com

Why Chindata Stock Is Soaring Today

May 31, 2023 | finance.yahoo.com

Chindata Group Reports Fiscal Year 2023 First Quarter Unaudited Financial Results

May 30, 2023 | americanbankingnews.com

Chindata Group (CD) Scheduled to Post Quarterly Earnings on Wednesday

May 26, 2023 | americanbankingnews.com

Chindata Group (NASDAQ:CD) Hits New 52-Week Low at $4.94

May 21, 2023 | americanbankingnews.com

Chindata Group (NASDAQ:CD) & Professional Diversity Network (NASDAQ:IPDN) Critical Survey

May 19, 2023 | americanbankingnews.com

Chindata Group (NASDAQ:CD) Shares Down 4%

May 11, 2023 | finance.yahoo.com

Chindata Wins Data Center Design and Construction Award at the 2023 Datacloud Global Awards

May 8, 2023 | tmcnet.com

Chindata Group to Release First Quarter 2023 Financial

May 8, 2023 | finance.yahoo.com

Chindata Group to Release First Quarter 2023 Financial Results and Host a Conference Call on May 31, 2023

May 4, 2023 | benzinga.com

Chindata set to ride AI-powered explosion in demand for data storage, processing

May 4, 2023 | msn.com

Technology Stocks Buoy Asian Equities' American Depositary Receipts in Thursday US Trading

May 1, 2023 | finance.yahoo.com

Chindata Group Files 2022 Annual Report on Form 20-F

April 25, 2023 | finance.yahoo.com

An Intrinsic Calculation For Chindata Group Holdings Limited (NASDAQ:CD) Suggests It's 41% Undervalued

April 17, 2023 | seekingalpha.com

Chindata: Spotlight On 2023 Guidance, Potential Corporate Actions (Downgrade)

March 25, 2023 | americanbankingnews.com

Chindata Group (NASDAQ:CD) Stock Price Up 9.6%

See More Headlines

CD Price History

30 days | 90 days | 365 days | Advanced Chart

CD Company Calendar

Last Earnings: 3/15/2023
Today: 6/08/2023
Next Earnings (Estimated): 8/24/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:CD
CUSIP: N/A
CIK: 1807192
Web: www.chindatagroup.com
Phone: 00-86-40-0879-7679
Fax: N/A
Employees: 1,450
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $8.90
High Stock Price Forecast: $8.90
Low Stock Price Forecast: $8.90
Forecasted Upside/Downside: +22.9%
Consensus Rating: N/A
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.32
Trailing P/E Ratio: 22.63
Forward P/E Ratio: 16.84
P/E Growth: N/A
Net Income: $94.48 million
Net Margins: 15.95%
Pretax Margin: 22.24%
Return on Equity: 7.48%
Return on Assets: 3.53%

Debt

Debt-to-Equity Ratio: 0.89
Current Ratio: 2.29
Quick Ratio: 2.29

Sales & Book Value

Annual Sales: $659.93 million
Price / Sales: 4.02
Cash Flow: $0.73 per share
Price / Cash Flow: 9.98
Book Value: $4.32 per share
Price / Book: 1.68

Miscellaneous

Outstanding Shares: 366,280,000
Free Float: 346,135,000
Market Cap: $2.65 billion
Optionable: Not Optionable
Beta: 0.54

Key Executives

Mr. Huapeng Wu (Age 50)
CEO & Director

Ms. Qian Xiao (Age 45)
Group Pres & Director

Mr. Dongning Wang (Age 50)
Chief Financial Officer

Mr. Xinyue Fan (Age 43)
Chief Operating Officer

Mr. Binghua Zhang (Age 51)
Chief Technology Officer

Ms. Zhuo Zhang
Gen. Counsel & Director of Investor Relations

Ms. Jing Song
Pres of Chindustry

Zoe Zhuang
VP of Fin.

Don Zhou
Officer of Investor Relations

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

CD Stock - Frequently Asked Questions

What is Chindata Group's stock price forecast for 2023?: 0 equities research analysts have issued twelve-month price targets for Chindata Group's stock. Their CD share price forecasts range from $8.90 to $8.90. On average, they anticipate the company's stock price to reach $8.90 in the next twelve months. This suggests a possible upside of 22.9% from the stock's current price.
View analysts price targets for CD or view top-rated stocks among Wall Street analysts.
How have CD shares performed in 2023?: Chindata Group's stock was trading at $7.97 at the beginning of the year. Since then, CD stock has decreased by 9.2% and is now trading at $7.24.
View the best growth stocks for 2023 here.
When is Chindata Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
View our CD earnings forecast.
How were Chindata Group's earnings last quarter?: Chindata Group Holdings Limited (NASDAQ:CD) issued its earnings results on Wednesday, March, 15th. The company reported $0.04 earnings per share (EPS) for the quarter. The company earned $201.57 million during the quarter, compared to the consensus estimate of $184.24 million. Chindata Group had a trailing twelve-month return on equity of 7.48% and a net margin of 15.95%.
What ETFs hold Chindata Group's stock?: ETFs with the largest weight of Chindata Group (NASDAQ:CD) stock in their portfolio include Wedbush ETFMG Global Cloud Technology ETF (IVES), KraneShares MSCI China Clean Technology Index ETF (KGRN), iShares MSCI China Small-Cap ETF (ECNS), SPDR FactSet Innovative Technology ETF (XITK), KraneShares CSI China Internet ETF (KWEB), Roundhill IO Digital Infrastructure ETF (BYTE), Invesco Golden Dragon China ETF (PGJ) and AAM Transformers ETF (TRFM).
What guidance has Chindata Group issued on next quarter's earnings?: Chindata Group issued an update on its FY 2023 earnings guidance on Sunday, June, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $856.19 million-$885.32 million.

When did Chindata Group IPO?: (CD) raised $500 million in an IPO on Wednesday, September 30th 2020. The company issued 40,000,000 shares at $11.50-$13.50 per share. Morgan Stanley and Citigroup served as the underwriters for the IPO and UBS Investment Bank and China Renaissance were co-managers.
What is Chindata Group's stock symbol?: Chindata Group trades on the NASDAQ under the ticker symbol "CD."
Who are Chindata Group's major shareholders?: Chindata Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include MY.Alpha Management HK Advisors Ltd (2.87%), Krane Funds Advisors LLC (1.72%), Sylebra Capital Ltd (1.66%), Carmignac Gestion (0.84%), BlackRock Inc. (0.74%) and Deutsche Bank AG (0.36%).
How do I buy shares of Chindata Group?: Shares of CD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Chindata Group's stock price today?: One share of CD stock can currently be purchased for approximately $7.24.
How much money does Chindata Group make?: Chindata Group (NASDAQ:CD) has a market capitalization of $2.65 billion and generates $659.93 million in revenue each year. The company earns $94.48 million in net income (profit) each year or $0.32 on an earnings per share basis.
How many employees does Chindata Group have?: The company employs 1,450 workers across the globe.
How can I contact Chindata Group?: The official website for the company is www.chindatagroup.com. The company can be reached via phone at 00-86-40-0879-7679.

This page (NASDAQ:CD) was last updated on 6/8/2023 by MarketBeat.com Staff

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