CyrusOne Inc (NASDAQ:CONE) had its target price increased by research analysts at Morgan Stanley from $63.00 to $70.00 in a report released on Friday. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Morgan Stanley’s target price suggests a potential upside of 12.67% from the stock’s previous close.
Other equities research analysts also recently issued reports about the company. Jefferies Group LLC reiterated a “buy” rating and issued a $69.00 price target on shares of CyrusOne in a report on Monday, August 14th. Cowen and Company reiterated a “buy” rating and issued a $72.00 price target on shares of CyrusOne in a report on Friday, July 28th. BidaskClub upgraded CyrusOne from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. UBS AG upgraded CyrusOne from a “neutral” rating to an “overweight” rating in a report on Thursday, November 2nd. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of CyrusOne in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $63.14.
Shares of CyrusOne (NASDAQ CONE) opened at $62.13 on Friday. CyrusOne has a 52-week low of $39.77 and a 52-week high of $65.73. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.48 and a current ratio of 0.48. The stock has a market capitalization of $5,673.03, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.11 and a beta of 0.81.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.76 by ($1.37). CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The business had revenue of $175.30 million during the quarter, compared to analysts’ expectations of $177.62 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. equities research analysts predict that CyrusOne will post 3.09 EPS for the current year.
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In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total transaction of $812,700.00. Following the transaction, the insider now directly owns 214,063 shares in the company, valued at approximately $12,886,592.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.64% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CONE. PNC Financial Services Group Inc. increased its holdings in CyrusOne by 20.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 388 shares during the period. Teachers Retirement System of The State of Kentucky bought a new stake in CyrusOne during the 1st quarter valued at $834,000. Public Employees Retirement System of Ohio boosted its position in CyrusOne by 8.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 34,220 shares of the real estate investment trust’s stock valued at $1,761,000 after acquiring an additional 2,669 shares in the last quarter. Capstone Asset Management Co. boosted its position in CyrusOne by 5.7% during the 2nd quarter. Capstone Asset Management Co. now owns 7,660 shares of the real estate investment trust’s stock valued at $427,000 after acquiring an additional 410 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in CyrusOne by 42.5% during the 2nd quarter. Fisher Asset Management LLC now owns 45,297 shares of the real estate investment trust’s stock valued at $2,525,000 after acquiring an additional 13,517 shares in the last quarter. Institutional investors own 96.36% of the company’s stock.
CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.
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