CyrusOne (NASDAQ:CONE)‘s stock had its “buy” rating restated by investment analysts at Barclays in a note issued to investors on Friday, January 19th. They presently have a $69.00 price objective on the real estate investment trust’s stock. Barclays’ target price suggests a potential upside of 28.44% from the company’s previous close.
Several other analysts have also commented on CONE. Cowen reissued a “buy” rating and set a $68.00 price target on shares of CyrusOne in a research report on Thursday, September 21st. BidaskClub lowered shares of CyrusOne from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Mitsubishi UFJ Financial Group raised shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 31st. UBS Group raised shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Thursday, November 2nd. Finally, Jefferies Group reissued a “buy” rating and set a $69.00 price target on shares of CyrusOne in a research report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $66.92.
Shares of CyrusOne (NASDAQ:CONE) traded up $0.10 during trading on Friday, reaching $53.72. 1,953,598 shares of the company’s stock traded hands, compared to its average volume of 1,159,465. The company has a market cap of $4,895.99, a PE ratio of -55.38, a price-to-earnings-growth ratio of 0.86 and a beta of 0.70. CyrusOne has a one year low of $46.41 and a one year high of $65.73. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.56.
Institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its position in shares of CyrusOne by 232.6% in the 3rd quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 1,198 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of CyrusOne by 3,032.8% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 1,850 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of CyrusOne in the 4th quarter valued at approximately $127,000. PNC Financial Services Group Inc. raised its position in shares of CyrusOne by 32.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock valued at $169,000 after purchasing an additional 751 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. purchased a new position in shares of CyrusOne in the 3rd quarter valued at approximately $202,000. 96.92% of the stock is owned by hedge funds and other institutional investors.
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CyrusOne Company Profile
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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