CyrusOne (NASDAQ:CONE) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, December 29th.
CONE has been the subject of several other reports. Deutsche Bank reaffirmed a “buy” rating and issued a $71.00 price objective on shares of CyrusOne in a research report on Friday, November 10th. Morgan Stanley increased their price objective on shares of CyrusOne from $63.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, November 17th. KeyCorp reaffirmed a “hold” rating on shares of CyrusOne in a research report on Tuesday, September 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price target on shares of CyrusOne in a report on Thursday, September 14th. Finally, Cowen reiterated a “buy” rating and issued a $78.00 price target on shares of CyrusOne in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $64.15.
Shares of CyrusOne (NASDAQ CONE) opened at $55.26 on Friday. CyrusOne has a one year low of $46.41 and a one year high of $65.73. The firm has a market cap of $5,045.73, a PE ratio of 18.67, a P/E/G ratio of 0.88 and a beta of 0.79. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.56.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($1.37). The firm had revenue of $175.30 million for the quarter, compared to analysts’ expectations of $177.62 million. CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.23%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 earnings per share. analysts anticipate that CyrusOne will post 3.08 EPS for the current year.
In related news, insider Venkatesh S. Durvasula sold 13,500 shares of CyrusOne stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total value of $812,700.00. Following the sale, the insider now owns 214,063 shares of the company’s stock, valued at approximately $12,886,592.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.64% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in CONE. Cbre Clarion Securities LLC purchased a new position in CyrusOne in the 2nd quarter valued at $93,042,000. Atlantic Trust Group LLC purchased a new position in shares of CyrusOne during the 3rd quarter worth $93,942,000. Santa Barbara Asset Management LLC purchased a new position in shares of CyrusOne during the 3rd quarter worth $65,169,000. Janus Henderson Group PLC raised its holdings in shares of CyrusOne by 971.8% during the 2nd quarter. Janus Henderson Group PLC now owns 839,934 shares of the real estate investment trust’s stock worth $46,826,000 after acquiring an additional 761,568 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of CyrusOne by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 12,464,124 shares of the real estate investment trust’s stock worth $694,875,000 after acquiring an additional 602,662 shares during the period. Institutional investors own 96.67% of the company’s stock.
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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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