Credit Suisse Group set a $73.00 price objective on CyrusOne (NASDAQ:CONE) in a report released on Wednesday morning. The firm currently has a buy rating on the real estate investment trust’s stock.
Several other brokerages have also recently commented on CONE. Morgan Stanley boosted their target price on CyrusOne from $63.00 to $70.00 and gave the stock an overweight rating in a report on Friday, November 17th. Deutsche Bank reissued a buy rating and set a $71.00 target price on shares of CyrusOne in a report on Friday, November 10th. Mitsubishi UFJ Financial Group raised CyrusOne from a neutral rating to an overweight rating in a report on Tuesday, October 31st. UBS Group raised CyrusOne from a neutral rating to an overweight rating in a report on Thursday, November 2nd. Finally, Cowen reissued a buy rating and set a $78.00 target price on shares of CyrusOne in a report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $66.92.
Shares of CyrusOne (CONE) traded down $1.56 during trading hours on Wednesday, reaching $48.81. The company had a trading volume of 2,252,200 shares, compared to its average volume of 1,197,878. CyrusOne has a 1 year low of $45.24 and a 1 year high of $65.73. The company has a market capitalization of $4,599.23, a PE ratio of -50.32, a price-to-earnings-growth ratio of 0.81 and a beta of 0.70. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.48 and a current ratio of 0.48.
Hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc increased its holdings in shares of CyrusOne by 232.6% in the third quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 1,198 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of CyrusOne by 3,032.8% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,850 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of CyrusOne in the fourth quarter valued at $127,000. PNC Financial Services Group Inc. increased its holdings in shares of CyrusOne by 32.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 751 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. bought a new position in shares of CyrusOne in the third quarter valued at $202,000. 99.67% of the stock is currently owned by institutional investors.
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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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