CyrusOne (CONE) Downgraded to Hold at ValuEngine
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.
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.
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