CyrusOne (NASDAQ:CONE) Price Target Increased to $72.00 by Analysts at Mizuho

CyrusOne (NASDAQ:CONE) had its target price lifted by investment analysts at Mizuho from $70.00 to $72.00 in a research note issued on Wednesday, The Fly reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price target suggests a potential downside of 2.98% from the company’s previous close.

Other research analysts have also issued research reports about the company. Evercore ISI initiated coverage on CyrusOne in a research report on Wednesday, March 17th. They set an “in-line” rating and a $70.00 price target for the company. Wolfe Research initiated coverage on CyrusOne in a research report on Friday, March 19th. They set a “market perform” rating for the company. Zacks Investment Research upgraded CyrusOne from a “sell” rating to a “hold” rating in a research report on Friday, April 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on CyrusOne from $80.00 to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, February 24th. Finally, TD Securities dropped their price objective on CyrusOne from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, February 19th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $80.93.

NASDAQ:CONE opened at $74.21 on Wednesday. CyrusOne has a 12-month low of $61.64 and a 12-month high of $86.77. The firm has a market capitalization of $8.96 billion, a P/E ratio of -285.41, a P/E/G ratio of 0.81 and a beta of 0.46. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.48 and a quick ratio of 1.48. The business has a 50 day simple moving average of $68.51 and a 200 day simple moving average of $71.01.

CyrusOne (NASDAQ:CONE) last announced its quarterly earnings results on Tuesday, February 16th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.16. CyrusOne had a positive return on equity of 1.23% and a negative net margin of 2.91%. Research analysts anticipate that CyrusOne will post 3.87 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in CyrusOne by 3.9% in the fourth quarter. BlackRock Inc. now owns 14,064,008 shares of the real estate investment trust’s stock valued at $1,028,780,000 after purchasing an additional 528,179 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in CyrusOne by 36.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,699,111 shares of the real estate investment trust’s stock valued at $343,740,000 after purchasing an additional 1,255,596 shares in the last quarter. Morgan Stanley boosted its stake in shares of CyrusOne by 55.3% during the 4th quarter. Morgan Stanley now owns 2,882,657 shares of the real estate investment trust’s stock worth $210,865,000 after acquiring an additional 1,026,145 shares in the last quarter. PGGM Investments boosted its stake in shares of CyrusOne by 17.4% during the 4th quarter. PGGM Investments now owns 2,401,241 shares of the real estate investment trust’s stock worth $175,651,000 after acquiring an additional 356,451 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of CyrusOne by 90.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,780,241 shares of the real estate investment trust’s stock worth $130,224,000 after acquiring an additional 846,814 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

About CyrusOne

CyrusOne (NASDAQ: CONE) is a premier global REIT specializing in design, construction and operation of more than 50 high-performance data centers worldwide. The Company provides mission-critical facilities that ensure the continued operation of IT infrastructure for approximately 1,000 customers, including approximately 200 Fortune 1000 companies.

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Analyst Recommendations for CyrusOne (NASDAQ:CONE)

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