CyrusOne Coverage Initiated by Analysts at Citigroup Inc. (CONE)
Equities researchers at Citigroup Inc. began coverage on shares of CyrusOne (NASDAQ:CONE) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other analysts have also recently weighed in on CONE. 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. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $28.75.
Shares of CyrusOne (NASDAQ:CONE) opened at 26.03 on Wednesday. CyrusOne has a 52-week low of $17.41 and a 52-week high of $26.69. The stock has a 50-day moving average of $25.59 and a 200-day moving average of $22.95. The company’s market cap is $1.006 billion.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the 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. The company’s revenue for the quarter was up 28.5% on a year-over-year basis. Analysts expect that CyrusOne will post $-0.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Friday, September 26th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Wednesday, September 24th.
CyrusOne Inc, is a owner, operator and developer of enterprise-class, carrier-neutral data center properties.
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