Should I buy or sell Chindata Group stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chindata Group in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CD, but not buy additional shares or sell existing shares. View CD analyst ratings or view top-rated stocks .

What is Chindata Group's stock price target for 2024?

1 equities research analysts have issued 1-year target prices for Chindata Group's shares. Their CD share price targets range from $8.60 to $8.60. On average, they expect the company's share price to reach $8.60 in the next twelve months. This suggests a possible upside of 1.4% 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 on January 1st, 2023. Since then, CD stock has increased by 6.4% and is now trading at $8.48. View the best growth stocks for 2023 here .

Are investors shorting Chindata Group?

Chindata Group saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 21,460,000 shares, a decrease of 12.2% from the October 31st total of 24,430,000 shares. Based on an average daily volume of 2,700,000 shares, the days-to-cover ratio is currently 7.9 days. View Chindata Group's Short Interest .

When is Chindata Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023. View our CD earnings forecast .

How were Chindata Group's earnings last quarter?

Chindata Group Holdings Limited (NASDAQ:CD) posted its quarterly earnings data on Tuesday, November, 23rd. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.25. The firm had revenue of $114.97 million for the quarter, compared to analysts' expectations of $111.21 million. Chindata Group had a trailing twelve-month return on equity of 7.52% and a net margin of 14.82%. During the same quarter last year, the business posted ($0.08) earnings per share.

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) , KraneShares CSI China Internet ETF (KWEB) and Roundhill IO Digital Infrastructure ETF (BYTE) . Invesco Golden Dragon China ETF (PGJ) .

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 acted as the underwriters for the IPO and UBS Investment Bank and China Renaissance were co-managers.

Who are Chindata Group's major shareholders?

Chindata Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Canada Pension Plan Investment Board (3.34%), Alpine Global Management LLC (1.85%), Maso Capital Partners Ltd (0.87%), Qube Research & Technologies Ltd (0.27%), Beryl Capital Management LLC (0.25%) and AQR Arbitrage LLC (0.20%).

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 .

Chindata Group Stock Price, News & Analysis (NASDAQ:CD)

$8.48

+0.06 (+0.71%)

(As of 01:57 PM ET)

Compare

Today's Range: $8.34
▼
$8.53
50-Day Range: $8.18
▼
$9.17
52-Week Range: $4.86
▼
$9.44

Volume: 325,586 shs
Average Volume: 1.91 million shs
Market Capitalization: $3.45 billion

P/E Ratio: 26.50
Dividend Yield: N/A
Price Target: $8.60

Chindata Group MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 1.4% Upside
$8.60 Price Target
Short Interest: Healthy
5.28% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.96
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 28.57%
From $0.35 to $0.45 Per Share

Overall MarketRank^™

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

1.73 out of 5 stars

Business Services Sector

241st out of 313 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

46th out of 59 stocks

1.0

Analyst's Opinion

Consensus Rating
Chindata Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.60, Chindata Group has a forecasted upside of 1.4% from its current price of $8.48.
Amount of Analyst Coverage
Chindata Group has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
5.28% 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 7.9.
Change versus previous month
Short interest in Chindata Group has recently decreased by 12.16%, indicating that investor sentiment is improving significantly.

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.

3.3

News and Social Media Coverage

News Sentiment
Chindata Group has a news sentiment score of 0.96. 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 0.62 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 4 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.

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 21.11% 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 28.57% in the coming year, from $0.35 to $0.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Chindata Group is 26.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of Chindata Group is 26.50, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 31.45.
Price to Book Value per Share Ratio
Chindata Group has a P/B Ratio of 1.96. 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 Stock (NASDAQ:CD)

Chindata Group Holdings Limited provides carrier-neutral hyperscale data center solutions in Mainland 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. Its integrated data center solutions include infrastructure, power supply, connectivity and operation and maintenance, and 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.

CD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CD Stock News Headlines

November 27, 2023 | morningstar.com

Chindata Group Holdings Ltd ADR CD

October 24, 2023 | finance.yahoo.com

Chindata Scoops Two Data Center Category Prizes at Prestigious 2023 Global Carrier Awards in London

December 1, 2023 | Wealthpress (Ad)

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October 19, 2023 | finance.yahoo.com

Chindata Group to Hold Extraordinary General Meeting of Shareholders

October 6, 2023 | nasdaq.com

Chindata Group Holdings Enters Oversold Territory (CD)

October 5, 2023 | insidermonkey.com

Top 5 Chinese Stocks Bridgewater Associates is Selling

September 1, 2023 | finance.yahoo.com

Chindata Reveals Impressive Revenue Leap of 49.7% in Its Unaudited Q2 2023 Financial Report

August 31, 2023 | finance.yahoo.com

Q2 2023 Chindata Group Holdings Ltd Earnings Call

December 1, 2023 | Edge On The Street (Ad)

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August 31, 2023 | seekingalpha.com

Chindata Group Holdings Limited 2023 Q2 - Results - Earnings Call Presentation

August 31, 2023 | finance.yahoo.com

Chindata Group Reports Fiscal Year 2023 Second Quarter and Half Year Unaudited Financial Results

August 28, 2023 | msn.com

Chindata: All Eyes On Privatization (Rating Upgrade)

August 23, 2023 | finance.yahoo.com

Chindata Group Unveils Pioneering Full-Stack Solutions for Hyperscale Data Centers, Bolstering Energy Efficiency and Computational Prowess in the AIGC Era

August 15, 2023 | msn.com

Jefferies Downgrades Chindata Group Holdings Ltd - ADR (CD)

August 14, 2023 | markets.businessinsider.com

Jefferies downgrades Chindata Group Holdings (CD) to a Hold

August 11, 2023 | finance.yahoo.com

Bain Capital to Take Chindata Private to Get Full Ownership

August 11, 2023 | msn.com

Chindata to go private on $3.16B equity value after Bain Capital raises bid

August 11, 2023 | finance.yahoo.com

Chindata Group Enters into Definitive Agreement for "Going Private" Transaction

August 11, 2023 | finance.yahoo.com

UPDATE 2-Chinese data center operator Chindata to go private in $3.16 bln deal

August 11, 2023 | finance.yahoo.com

Chinese data center operator Chindata to go private in $3.16 billion deal

August 6, 2023 | msn.com

Bain Capital inching closer to Chindata takeover - report

August 6, 2023 | finance.yahoo.com

Bain Capital Edging Closer to Chindata Take-Private Deal, Sources Say

July 31, 2023 | finance.yahoo.com

Chindata Releases 2022 ESG Report Revealing Above Industry Average PUE of 1.21 with Accelerated Green Transformation

July 28, 2023 | finance.yahoo.com

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

July 21, 2023 | fool.com

Chindata Group (NASDAQ: CD)

July 14, 2023 | finance.yahoo.com

15 Merger Arbitrage Opportunities in 2023

July 13, 2023 | finanznachrichten.de

Chindata Group Holdings Limited: Chindata Group Receives Non-Binding "Take Private" Proposal from CMC

See More Headlines

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Company Calendar

Last Earnings: 11/23/2021
Today: 12/01/2023
Next Earnings (Estimated): 12/01/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

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 Target: $8.60
High Stock Price Target: $8.60
Low Stock Price Target: $8.60
Potential Upside/Downside: +2.1%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.32
Trailing P/E Ratio: 26.31
Forward P/E Ratio: 24.06
P/E Growth: N/A
Net Income: $94.48 million
Net Margins: 14.82%
Pretax Margin: 21.12%
Return on Equity: 7.52%
Return on Assets: 3.40%

Debt

Debt-to-Equity Ratio: 0.92
Current Ratio: 1.99
Quick Ratio: 1.99

Sales & Book Value

Annual Sales: $659.93 million
Price / Sales: 5.19
Cash Flow: $0.62 per share
Price / Cash Flow: 13.59
Book Value: $4.33 per share
Price / Book: 1.94

Miscellaneous

Outstanding Shares: 406,540,000
Free Float: 384,179,000
Market Cap: $3.42 billion
Optionable: Not Optionable
Beta: 0.65

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Key Executives

Mr. Huapeng Wu (Age 50)
CEO & Director
Ms. Qian Xiao (Age 45)
President & 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
General Counsel & Director of Investor Relations
Ms. Jing Song
President of Chindustry
Zoe Zhuang
Vice President of Finance
Don Zhou
Officer of Investor Relations

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

CD Stock Analysis - Frequently Asked Questions

Should I buy or sell Chindata Group stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chindata Group in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CD, but not buy additional shares or sell existing shares.
View CD analyst ratings or view top-rated stocks.
What is Chindata Group's stock price target for 2024?: 1 equities research analysts have issued 1-year target prices for Chindata Group's shares. Their CD share price targets range from $8.60 to $8.60. On average, they expect the company's share price to reach $8.60 in the next twelve months. This suggests a possible upside of 1.4% 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 on January 1st, 2023. Since then, CD stock has increased by 6.4% and is now trading at $8.48.
View the best growth stocks for 2023 here.
Are investors shorting Chindata Group?: Chindata Group saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 21,460,000 shares, a decrease of 12.2% from the October 31st total of 24,430,000 shares. Based on an average daily volume of 2,700,000 shares, the days-to-cover ratio is currently 7.9 days.
View Chindata Group's Short Interest.
When is Chindata Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
View our CD earnings forecast.
How were Chindata Group's earnings last quarter?: Chindata Group Holdings Limited (NASDAQ:CD) posted its quarterly earnings data on Tuesday, November, 23rd. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.25. The firm had revenue of $114.97 million for the quarter, compared to analysts' expectations of $111.21 million. Chindata Group had a trailing twelve-month return on equity of 7.52% and a net margin of 14.82%. During the same quarter last year, the business posted ($0.08) earnings per share.

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), KraneShares CSI China Internet ETF (KWEB) and Roundhill IO Digital Infrastructure ETF (BYTE).Invesco Golden Dragon China ETF (PGJ).
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 acted as the underwriters for the IPO and UBS Investment Bank and China Renaissance were co-managers.
Who are Chindata Group's major shareholders?: Chindata Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Canada Pension Plan Investment Board (3.34%), Alpine Global Management LLC (1.85%), Maso Capital Partners Ltd (0.87%), Qube Research & Technologies Ltd (0.27%), Beryl Capital Management LLC (0.25%) and AQR Arbitrage LLC (0.20%).
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.

This page (NASDAQ:CD) was last updated on 12/1/2023 by MarketBeat.com Staff

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Chindata Group Stock Price, News & Analysis (NASDAQ:CD)

Chindata Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Chindata Group Stock (NASDAQ:CD)

CD Stock Price History

CD Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

CD Stock Analysis - Frequently Asked Questions

Overall MarketRank^™