CyrusOne (NASDAQ:CONE) Stock Rating Upgraded by BidaskClub

CyrusOne (NASDAQ:CONE) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday, December 29th.

CONE has been the subject of several other reports. William Blair began coverage on shares of CyrusOne in a research report on Friday, September 22nd. They set an “outperform” rating for the company. KeyCorp reaffirmed a “hold” rating on shares of CyrusOne in a research report on Tuesday, September 12th. Stifel Nicolaus reiterated a “buy” rating and set a $66.00 price target on shares of CyrusOne in a research note on Thursday, September 14th. Cowen reiterated a “buy” rating and set a $78.00 price target on shares of CyrusOne in a research note on Wednesday, November 1st. Finally, Jefferies Group reiterated a “buy” rating and set a $69.00 price target on shares of CyrusOne in a research note on Monday, October 16th. Three analysts have rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $64.15.

Shares of CyrusOne (NASDAQ:CONE) opened at $55.26 on Friday. The stock has a market cap of $5,045.73, a price-to-earnings ratio of -56.97, a PEG ratio of 0.88 and a beta of 0.79. CyrusOne has a 1 year low of $46.41 and a 1 year 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.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share (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 return on equity of 3.23% and a negative net margin of 13.60%. CyrusOne’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period last year, the firm posted $0.67 earnings per share. research analysts anticipate that CyrusOne will post 3.08 earnings per share for the current year.

In other CyrusOne 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 transaction, the insider now directly owns 214,063 shares in the company, valued at $12,886,592.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.64% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc increased its stake in 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 purchasing an additional 1,198 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of CyrusOne by 3,032.8% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 1,850 shares during the period. Almanack Investment Partners LLC. acquired a new position in shares of CyrusOne during the second quarter worth about $124,000. Public Employees Retirement Association of Colorado increased its stake in shares of CyrusOne by 21.6% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock worth $152,000 after acquiring an additional 484 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of CyrusOne by 32.9% during the second quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock worth $169,000 after acquiring an additional 751 shares during the period. Institutional investors own 96.67% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://stocknewstimes.com/2018/01/15/bidaskclub-upgrades-cyrusone-cone-to-hold.html.

About CyrusOne

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.

Analyst Recommendations for CyrusOne (NASDAQ:CONE)

Receive News & Ratings for CyrusOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply