CyrusOne Sets New 1-Year High at $26.69 (CONE)
Shares of CyrusOne (NASDAQ:CONE) hit a new 52-week high during mid-day trading on Thursday , Stock Ratings Network.com reports. The stock traded as high as $26.69 and last traded at $26.42, with a volume of 84,744 shares. The stock had previously closed at $26.31.
A number of analysts have recently weighed in on CONE shares. Analysts at Raymond James reiterated a “strong-buy” rating on shares of CyrusOne in a research note on Thursday, August 7th. They now have a $30.00 price target on the stock, up previously from $26.00. Separately, analysts at Morgan Stanley raised their price target on shares of CyrusOne to $27.00 in a research note on Thursday, August 7th. They now have an “overweight” rating on the stock. Finally, analysts at Evercore Partners raised their price target on shares of CyrusOne from $27.00 to $30.00 in a research note on Tuesday, August 5th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $28.75.
The stock’s 50-day moving average is $25.45 and its 200-day moving average is $22.78. The company’s market cap is $1.022 billion.
CyrusOne (NASDAQ:CONE) last released its earnings data on Wednesday, August 6th. The company reported ($0.06) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.10. The company had revenue of $81.70 million for the quarter, compared to the consensus estimate of $79.42 million. CyrusOne’s revenue was up 28.5% compared to the same quarter last year. On average, analysts predict that CyrusOne will post $-0.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Friday, September 26th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Wednesday, September 24th.
CyrusOne Inc, is a owner, operator and developer of enterprise-class, carrier-neutral data center properties.
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