Chindata Group (NYSE:CD) Hits New 1-Year High at $22.06


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Chindata Group Holdings Limited (NYSE:CD)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $22.06 and last traded at $21.66, with a volume of 21328 shares. The stock had previously closed at $20.30.

Several analysts recently commented on CD shares. Smith Barney Citigroup started coverage on Chindata Group in a report on Monday, November 23rd. They set a “buy” rating and a $20.00 target price on the stock. Morgan Stanley started coverage on Chindata Group in a report on Monday, October 26th. They issued an “overweight” rating on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on Chindata Group in a research report on Monday, November 23rd. They set a “buy” rating and a $20.00 price objective on the stock. The Goldman Sachs Group started coverage on Chindata Group in a research report on Monday, November 2nd. They issued a “buy” rating and a $17.60 target price on the stock. Finally, UBS Group started coverage on Chindata Group in a research report on Thursday, December 17th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $19.20.

The firm has a 50-day moving average of $18.17.

Chindata Group (NYSE:CD) last issued its quarterly earnings results on Wednesday, November 18th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $68.85 million during the quarter.

Several hedge funds and other institutional investors have recently modified their holdings of CD. Morgan Stanley acquired a new stake in Chindata Group in the third quarter valued at $83,911,000. BlackRock Inc. purchased a new position in Chindata Group during the third quarter worth approximately $47,797,000. Sylebra Capital Ltd purchased a new position in Chindata Group during the third quarter worth approximately $41,642,000. Matthews International Capital Management LLC purchased a new position in Chindata Group during the third quarter worth approximately $39,609,000. Finally, Snow Lake Capital HK Ltd purchased a new position in Chindata Group during the third quarter worth approximately $32,460,000.

Chindata Group Company Profile (NYSE:CD)

Chindata Group Holdings Limited provides carrier-neutral hyper scale data center solutions in China, India, and Southeast Asia markets. It offers colocation and managed, energy procurement and transmission, infrastructure, and IT and network services. The company was formerly known as BCPE Bridge Stack Limited and changed its name to Chindata Group Holdings Limited in April 2020.

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