CyrusOne (NASDAQ:CONE) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other brokerages have also commented on CONE. Jefferies Group reaffirmed a “buy” rating and issued a $69.00 price target on shares of CyrusOne in a research note on Monday, August 14th. BidaskClub raised CyrusOne from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. UBS raised CyrusOne from a “neutral” rating to an “overweight” rating in a research note on Thursday, November 2nd. Cowen reaffirmed a “buy” rating and issued a $68.00 price target on shares of CyrusOne in a research note on Thursday, September 21st. Finally, Mitsubishi UFJ Financial Group raised CyrusOne from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve 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 an average target price of $64.15.

CyrusOne (NASDAQ:CONE) traded up $0.48 during midday trading on Friday, reaching $61.24. The company’s stock had a trading volume of 542,990 shares, compared to its average volume of 871,022. The firm has a market capitalization of $5,591.76, a price-to-earnings ratio of 20.69, a P/E/G ratio of 1.10 and a beta of 0.79. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.48 and a quick ratio of 0.48. CyrusOne has a one year low of $40.81 and a one year high of $65.73.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($1.37). The company had revenue of $175.30 million for the quarter, compared to analyst estimates of $177.62 million. CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The business’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period last year, the firm posted $0.67 EPS. equities research analysts predict that CyrusOne will post 3.09 earnings per share for the current fiscal year.

In related news, insider Venkatesh S. Durvasula sold 13,500 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total value of $812,700.00. Following the sale, the insider now owns 214,063 shares in the company, valued at approximately $12,886,592.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.64% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc raised its holdings in shares of CyrusOne by 232.6% in the 3rd quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 1,198 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in CyrusOne by 3,032.8% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,850 shares during the period. Almanack Investment Partners LLC. purchased a new stake in CyrusOne during the 2nd quarter worth about $124,000. Public Employees Retirement Association of Colorado increased its holdings in CyrusOne by 21.6% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 484 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in CyrusOne by 32.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 751 shares during the period. Hedge funds and other institutional investors own 98.47% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for CyrusOne (NASDAQ:CONE)

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