Chindata Group (CD) Stock Forecast, Price & News

1 Wall Street 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 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.
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1 brokers have issued twelve-month price objectives for Chindata Group's shares. Their CD share price forecasts range from $8.60 to $8.90. On average, they anticipate the company's stock price to reach $8.75 in the next twelve months. This suggests a possible upside of 5.0% from the stock's current price.
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Chindata Group's stock was trading at $7.97 at the start of the year. Since then, CD shares have increased by 4.5% and is now trading at $8.33.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
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Chindata Group Holdings Limited (NASDAQ:CD) posted its earnings results on Thursday, August, 31st. The company reported $0.08 EPS for the quarter. The firm had revenue of $214.28 million for the quarter, compared to analyst estimates of $209.58 million. Chindata Group had a trailing twelve-month return on equity of 7.52% and a net margin of 14.82%.

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).

Chindata Group issued an update on its FY 2023 earnings guidance on Friday, September, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $810.89 million-$838.47 million.

(CD) raised $500 million in an initial public offering (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.

Chindata Group trades on the NASDAQ under the ticker symbol "CD."

Chindata Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Canada Pension Plan Investment Board (3.29%), Krane Funds Advisors LLC (1.79%), Sylebra Capital Ltd (0.94%), BlackRock Inc. (0.80%), Marshall Wace LLP (0.68%) and Harbor Spring Capital LLC (0.44%).

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.
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One share of CD stock can currently be purchased for approximately $8.33.

Chindata Group (NASDAQ:CD) has a market capitalization of $3.04 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.

The company employs 1,450 workers across the globe.

The official website for the company is www.chindatagroup.com. The company can be reached via phone at 00-86-40-0879-7679.