CyrusOne Given New $23.00 Price Target at Jefferies Group (CONE)
Investment analysts at Jefferies Group cut their target price on shares of CyrusOne (NASDAQ:CONE) from $25.00 to $23.00 in a note issued to investors on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price indicates a potential upside of 17.05% from the stock’s previous close.
CyrusOne (NASDAQ:CONE) traded up 1.03% on Wednesday, hitting $19.65. The stock had a trading volume of 319,682 shares. CyrusOne has a 1-year low of $17.93 and a 1-year high of $24.84. The stock has a 50-day moving average of $19.3 and a 200-day moving average of $21.45. The company’s market cap is $434.7 million.
Several other analysts have also recently commented on the stock. Analysts at Stephens initiated coverage on shares of CyrusOne (NASDAQ:CONE) in a research note to investors on Thursday, September 12th. They set an “overweight” rating on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of CyrusOne (NASDAQ:CONE) from $27.00 to $25.00 in a research note to investors on Thursday, August 8th. They now have a “buy” rating on the stock. Finally, analysts at KeyCorp initiated coverage on shares of CyrusOne (NASDAQ:CONE) in a research note to investors on Tuesday, July 23rd. They set a “hold” rating on the stock.
Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. CyrusOne currently has an average rating of “Buy” and an average target price of $24.50.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Wednesday, September 25th.
CyrusOne Inc, is a owner, operator and developer of enterprise-class, carrier-neutral data center properties.
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