CyrusOne (NASDAQ:CONE) Price Target Raised to $72.00 at Stifel Nicolaus

CyrusOne (NASDAQ:CONE) had its target price increased by Stifel Nicolaus from $68.00 to $72.00 in a report released on Friday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price target suggests a potential upside of 15.64% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. BMO Capital Markets set a $66.00 price target on CyrusOne and gave the company a “buy” rating in a research note on Friday, May 3rd. Berenberg Bank upgraded CyrusOne from a “hold” rating to a “buy” rating and lifted their price target for the company from $55.00 to $69.00 in a research note on Tuesday, May 7th. Royal Bank of Canada lifted their price target on CyrusOne to $68.00 and gave the company a “positive” rating in a research note on Wednesday, May 8th. Raymond James lifted their price target on CyrusOne from $68.00 to $72.00 and gave the company a “strong-buy” rating in a research note on Friday. Finally, TheStreet lowered CyrusOne from a “b-” rating to a “c” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $65.03.

Shares of CyrusOne stock traded up $0.16 on Friday, hitting $62.26. The company’s stock had a trading volume of 110,020 shares, compared to its average volume of 594,732. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.28. CyrusOne has a 1 year low of $48.94 and a 1 year high of $69.01. The firm’s fifty day moving average is $58.75. The firm has a market cap of $6.32 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 1.10 and a beta of 0.66.

CyrusOne (NASDAQ:CONE) last announced its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.09. CyrusOne had a return on equity of 2.15% and a net margin of 5.54%. The firm had revenue of $251.50 million during the quarter, compared to analyst estimates of $238.01 million. During the same quarter in the previous year, the business earned $0.81 EPS. CyrusOne’s revenue for the quarter was up 27.7% compared to the same quarter last year. As a group, equities analysts forecast that CyrusOne will post 3.36 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Sageworth Trust Co acquired a new position in shares of CyrusOne during the 1st quarter worth approximately $26,000. Lenox Wealth Management Inc. acquired a new position in shares of CyrusOne during the 1st quarter worth approximately $26,000. Cullen Frost Bankers Inc. boosted its holdings in shares of CyrusOne by 190.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 538 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 353 shares during the last quarter. Tortoise Index Solutions LLC acquired a new position in shares of CyrusOne during the 1st quarter worth approximately $40,000. Finally, Nvwm LLC boosted its holdings in shares of CyrusOne by 69.6% during the 1st quarter. Nvwm LLC now owns 916 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 376 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

About CyrusOne

CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including 212 Fortune 1000 companies.

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