CyrusOne Inc (CONE) Given Consensus Recommendation of “Buy” by Analysts

Shares of CyrusOne Inc (NASDAQ:CONE) have been assigned a consensus rating of “Buy” from the seventeen brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $69.25.

A number of analysts have recently weighed in on the stock. BidaskClub upgraded shares of CyrusOne from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 3rd. Mitsubishi UFJ Financial Group upgraded shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 31st. Barclays restated a “buy” rating and issued a $69.00 price objective on shares of CyrusOne in a research note on Friday, January 19th. UBS Group upgraded shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research note on Thursday, November 2nd. Finally, Credit Suisse Group set a $73.00 price objective on shares of CyrusOne and gave the stock a “buy” rating in a research note on Wednesday, January 17th.

Shares of CyrusOne (NASDAQ CONE) opened at $52.54 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.48 and a quick ratio of 0.48. The company has a market cap of $5,064.91, a P/E ratio of -54.16, a price-to-earnings-growth ratio of 0.89 and a beta of 0.70. CyrusOne has a 1 year low of $46.41 and a 1 year high of $65.73.

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in CyrusOne by 6.6% during the 2nd quarter. State Street Corp now owns 2,073,936 shares of the real estate investment trust’s stock valued at $115,625,000 after purchasing an additional 129,125 shares during the last quarter. Atlantic Trust Group LLC acquired a new position in CyrusOne during the 3rd quarter valued at $93,942,000. JPMorgan Chase & Co. raised its stake in CyrusOne by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,521,931 shares of the real estate investment trust’s stock valued at $87,725,000 after purchasing an additional 122,465 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in CyrusOne by 5.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,227,328 shares of the real estate investment trust’s stock valued at $72,326,000 after purchasing an additional 67,265 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in CyrusOne by 3.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,119,067 shares of the real estate investment trust’s stock valued at $65,943,000 after purchasing an additional 39,928 shares during the last quarter. Hedge funds and other institutional investors own 97.13% 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.

Analyst Recommendations for CyrusOne (NASDAQ:CONE)

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