Evercore Partners Initiates Coverage on CyrusOne (CONE)
Investment analysts at Evercore Partners assumed coverage on shares of CyrusOne (NASDAQ:CONE) in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating and a $24.00 price target on the stock. Evercore Partners’ price objective indicates a potential upside of 27.05% from the stock’s previous close.
CyrusOne (NASDAQ:CONE) traded down 0.84% on Monday, hitting $18.732. 11,878 shares of the company’s stock traded hands. 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 $19.15 and a 200-day moving average of $21.2. The company’s market cap is $414.4 million.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Shareholders 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 3.39%. The ex-dividend date is Wednesday, September 25th.
CONE has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of CyrusOne (NASDAQ:CONE) in a research note to investors on Wednesday, September 18th. They now have a $25.00 price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of CyrusOne (NASDAQ:CONE) from $25.00 to $23.00 in a research note to investors on Wednesday, September 18th. They now have a “buy” rating on the stock. Finally, 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. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. CyrusOne currently has a consensus rating of “Buy” and a consensus price target of $24.42.
CyrusOne Inc, is a owner, operator and developer of enterprise-class, carrier-neutral data center properties.
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