CyrusOne Inc. (NASDAQ:CONE) has received an average recommendation of “Buy” from the fourteen ratings firms that are covering the firm. Two equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $55.30.
A number of analysts have weighed in on CONE shares. Bank of America Corp. set a $58.00 price target on CyrusOne and gave the company a “buy” rating in a research note on Wednesday, August 10th. Barclays PLC upgraded CyrusOne from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $50.00 to $57.00 in a research note on Thursday, August 18th. SunTrust Banks Inc. started coverage on CyrusOne in a research note on Thursday, July 21st. They issued a “buy” rating and a $63.00 price target on the stock. Zacks Investment Research upgraded CyrusOne from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of CyrusOne in a research note on Monday, July 11th.
A number of large investors have recently made changes to their positions in CONE. Miles Capital Inc. raised its stake in shares of CyrusOne by 0.5% in the first quarter. Miles Capital Inc. now owns 7,311 shares of the company’s stock worth $334,000 after buying an additional 34 shares in the last quarter. 1st Global Advisors Inc. raised its stake in shares of CyrusOne by 0.7% in the second quarter. 1st Global Advisors Inc. now owns 7,202 shares of the company’s stock worth $401,000 after buying an additional 53 shares in the last quarter. BlackRock Japan Co. Ltd raised its stake in shares of CyrusOne by 4.4% in the first quarter. BlackRock Japan Co. Ltd now owns 3,647 shares of the company’s stock worth $166,000 after buying an additional 153 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of CyrusOne by 4.2% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,151 shares of the company’s stock worth $621,000 after buying an additional 446 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of CyrusOne by 37.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,984 shares of the company’s stock worth $110,000 after buying an additional 538 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors.
CyrusOne (NASDAQ:CONE) opened at 45.31 on Monday. CyrusOne has a 12-month low of $32.42 and a 12-month high of $57.00. The company has a 50-day moving average price of $49.44 and a 200-day moving average price of $49.49. The firm has a market cap of $3.55 billion, a PE ratio of 383.98 and a beta of 0.81.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.08. CyrusOne had a return on equity of 0.98% and a net margin of 1.93%. The company had revenue of $130.10 million for the quarter, compared to analysts’ expectations of $125.94 million. During the same period last year, the firm earned $0.51 earnings per share. CyrusOne’s quarterly revenue was up 46.0% on a year-over-year basis. On average, equities analysts predict that CyrusOne will post $2.57 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Wednesday, September 28th. CyrusOne’s dividend payout ratio is presently 1,900.00%.