Trade Report: Today, CyrusOne Inc. (CONE) Given a $55.00 Price Target by Jefferies Group Analysts

Today, CyrusOne Inc. (CONE) Given a $55.00 Price Target by Jefferies Group Analysts

CyrusOne Inc. (NASDAQ:CONE) received a $55.00 price target from equities researchers at Jefferies Group in a research note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Jefferies Group’s target price suggests a potential upside of 27.17% from the stock’s previous close.

CONE has been the topic of a number of other research reports. Deutsche Bank AG reissued a “buy” rating and issued a $59.00 target price (up previously from $57.00) on shares of CyrusOne in a research report on Tuesday, November 1st. Zacks Investment Research lowered CyrusOne from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 19th. Barclays PLC raised CyrusOne from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $50.00 to $57.00 in a research report on Thursday, August 18th. Finally, Bank of America Corp. set a $58.00 target price on CyrusOne and gave the company a “buy” rating in a research report on Wednesday, August 10th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $55.82.

Shares of CyrusOne (NASDAQ:CONE) traded up 1.74% on Friday, reaching $43.25. The company had a trading volume of 466,943 shares. The company’s 50-day moving average price is $44.40 and its 200-day moving average price is $49.46. CyrusOne has a 52-week low of $32.42 and a 52-week high of $57.00.

CyrusOne (NASDAQ:CONE) last announced its earnings results on Monday, October 31st. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.05. CyrusOne had a return on equity of 1.78% and a net margin of 3.58%. The business had revenue of $143.80 million for the quarter, compared to analyst estimates of $136.21 million. During the same quarter last year, the firm earned $0.57 EPS. CyrusOne’s revenue for the quarter was up 29.3% compared to the same quarter last year. On average, equities research analysts predict that CyrusOne will post $2.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Wednesday, December 28th. CyrusOne’s dividend payout ratio (DPR) is 723.84%.

Several hedge funds and other institutional investors have recently bought and sold shares of CONE. Brookfield Asset Management Inc. raised its position in CyrusOne by 29.7% in the third quarter. Brookfield Asset Management Inc. now owns 2,691,972 shares of the company’s stock valued at $128,057,000 after buying an additional 616,622 shares during the period. Price T Rowe Associates Inc. MD raised its position in CyrusOne by 13.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 613,266 shares of the company’s stock valued at $29,173,000 after buying an additional 70,720 shares during the period. Credit Suisse AG raised its position in CyrusOne by 26.3% in the third quarter. Credit Suisse AG now owns 436,921 shares of the company’s stock valued at $20,784,000 after buying an additional 90,961 shares during the period. Barings Real Estate Advisers LLC raised its position in CyrusOne by 21.2% in the third quarter. Barings Real Estate Advisers LLC now owns 343,506 shares of the company’s stock valued at $16,341,000 after buying an additional 60,180 shares during the period. Finally, Verition Fund Management LLC raised its position in CyrusOne by 79.2% in the third quarter. Verition Fund Management LLC now owns 9,343 shares of the company’s stock valued at $444,000 after buying an additional 4,130 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

CyrusOne Company Profile

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