CyrusOne (CONE) Rating Reiterated by Barclays
CyrusOne (NASDAQ:CONE)‘s stock had its “buy” rating reaffirmed by research analysts at Barclays in a research report issued to clients and investors on Friday. They currently have a $69.00 target price on the real estate investment trust’s stock. Barclays’ price objective would indicate a potential upside of 25.23% from the company’s previous close.
CONE has been the topic of a number of other research reports. Deutsche Bank reissued a “buy” rating and issued a $71.00 price target on shares of CyrusOne in a report on Friday, November 10th. Zacks Investment Research lowered shares of CyrusOne from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Morgan Stanley increased their target price on shares of CyrusOne from $63.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, November 17th. BidaskClub lowered shares of CyrusOne from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Finally, ValuEngine lowered shares of CyrusOne from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $65.08.
CyrusOne (NASDAQ:CONE) opened at $55.10 on Friday. The company has a market cap of $5,096.87, a price-to-earnings ratio of -56.80, a PEG ratio of 0.89 and a beta of 0.79. CyrusOne has a twelve month low of $46.41 and a twelve month high of $65.73. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.56.
In related news, insider Venkatesh S. Durvasula sold 13,500 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total transaction of $812,700.00. Following the transaction, the insider now owns 214,063 shares of the company’s stock, valued at approximately $12,886,592.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.64% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in CONE. Jennison Associates boosted its position in CyrusOne by 39.2% during the 3rd quarter. Jennison Associates now owns 3,303,975 shares of the real estate investment trust’s stock valued at $107,908,000 after buying an additional 930,654 shares during the period. KBC Group boosted its position in CyrusOne by 161.4% during the 3rd quarter. KBC Group now owns 93,416 shares of the real estate investment trust’s stock valued at $3,051,000 after buying an additional 57,686 shares during the period. Assetmark purchased a new stake in CyrusOne during the 3rd quarter valued at $0. Fisher Asset Management boosted its position in CyrusOne by 34.7% during the 4th quarter. Fisher Asset Management now owns 69,343 shares of the real estate investment trust’s stock valued at $2,597,000 after buying an additional 17,867 shares during the period. Finally, Shinko Asset Management Co. Ltd. boosted its position in CyrusOne by 31.8% during the 4th quarter. Shinko Asset Management Co. Ltd. now owns 73,143 shares of the real estate investment trust’s stock valued at $2,739,000 after buying an additional 17,667 shares during the period. 96.67% of the stock is owned by institutional investors and hedge funds.
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.
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