BidaskClub upgraded shares of CyrusOne (NASDAQ:CONE) from a strong sell rating to a sell rating in a report released on Thursday.
A number of other brokerages have also recently issued reports on CONE. Jefferies Group reissued a buy rating and set a $67.00 target price on shares of CyrusOne in a report on Tuesday, February 27th. Credit Suisse Group reissued a buy rating and set a $73.00 target price on shares of CyrusOne in a report on Wednesday, February 28th. Royal Bank of Canada reissued a buy rating on shares of CyrusOne in a report on Thursday, March 1st. Guggenheim set a $65.00 target price on shares of CyrusOne and gave the company a buy rating in a report on Friday, February 23rd. Finally, Barclays reissued a buy rating and set a $69.00 target price on shares of CyrusOne in a report on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $66.62.
CyrusOne (CONE) opened at $52.88 on Thursday. CyrusOne has a 12 month low of $43.49 and a 12 month high of $65.73. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $5,083.14, a P/E ratio of -55.66, a P/E/G ratio of 0.95 and a beta of 0.83.
In other news, insider Kevin L. Timmons sold 11,465 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $49.39, for a total value of $566,256.35. Following the transaction, the insider now owns 177,843 shares of the company’s stock, valued at $8,783,665.77. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.64% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new position in shares of CyrusOne in the fourth quarter worth $127,000. Pitcairn Co. bought a new position in shares of CyrusOne in the fourth quarter worth $203,000. Buckley Wealth Management LLC bought a new position in shares of CyrusOne in the fourth quarter worth $207,000. Cipher Capital LP bought a new position in shares of CyrusOne in the third quarter worth $221,000. Finally, Timber Hill LLC bought a new position in shares of CyrusOne in the third quarter worth $224,000. 99.54% of the stock is currently 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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