CyrusOne Inc. (CONE) Given a $55.00 Price Target by Jefferies Group Analysts
CyrusOne Inc. (NASDAQ:CONE) received a $55.00 price target from investment analysts at Jefferies Group in a report released on Friday. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 27.17% from the stock’s previous close.
A number of other research firms also recently commented on CONE. Bank of America Corp. set a $58.00 price objective on CyrusOne and gave the stock a “buy” rating in a report on Wednesday, August 10th. Barclays PLC upgraded CyrusOne from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $50.00 to $57.00 in a report on Thursday, August 18th. Zacks Investment Research upgraded CyrusOne from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 1st. Finally, Deutsche Bank AG restated a “buy” rating and issued a $59.00 price objective (up previously from $57.00) on shares of CyrusOne in a report on Tuesday, November 1st. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. CyrusOne has a consensus rating of “Buy” and an average target price of $55.82.
CyrusOne (NASDAQ:CONE) traded up 1.74% during mid-day trading on Friday, reaching $43.25. 466,943 shares of the company’s stock traded hands. CyrusOne has a 12 month low of $32.42 and a 12 month high of $57.00. The firm’s 50-day moving average price is $44.40 and its 200 day moving average price is $49.46.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Monday, October 31st. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.05. CyrusOne had a return on equity of 1.78% and a net margin of 3.58%. The firm had revenue of $143.80 million for the quarter, compared to the consensus estimate of $136.21 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The firm’s revenue was up 29.3% on a year-over-year basis. Equities analysts predict that CyrusOne will post $2.61 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be given a $0.38 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $1.52 annualized dividend and a dividend yield of 3.51%. CyrusOne’s dividend payout ratio is 723.84%.
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Several large investors have recently bought and sold shares of CONE. Geode Capital Management LLC boosted its stake in CyrusOne by 11.6% in the first quarter. Geode Capital Management LLC now owns 477,319 shares of the company’s stock valued at $21,789,000 after buying an additional 49,668 shares in the last quarter. Springbok Capital Management LLC acquired a new stake in CyrusOne during the first quarter valued at $103,000. BNP Paribas Arbitrage SA boosted its stake in CyrusOne by 33.0% in the second quarter. BNP Paribas Arbitrage SA now owns 17,480 shares of the company’s stock valued at $973,000 after buying an additional 4,340 shares in the last quarter. DAVENPORT & Co LLC acquired a new stake in CyrusOne during the second quarter valued at $320,000. Finally, Nisa Investment Advisors LLC boosted its stake in CyrusOne by 733.3% in the second quarter. Nisa Investment Advisors LLC now owns 5,000 shares of the company’s stock valued at $278,000 after buying an additional 4,400 shares in the last quarter. 91.77% of the stock is owned by institutional investors.
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 the CyrusOne footprint and beyond.
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