CyrusOne (NASDAQ:CONE) has been given a $73.00 price objective by stock analysts at Credit Suisse Group in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Credit Suisse Group’s price objective suggests a potential upside of 30.36% from the company’s current price.

A number of other equities analysts also recently issued reports on CONE. Cowen reissued a “buy” rating and issued a $68.00 price target on shares of CyrusOne in a research note on Thursday, September 21st. William Blair initiated coverage on shares of CyrusOne in a research note on Friday, September 22nd. They issued an “outperform” rating for the company. Jefferies Group reissued a “buy” rating and issued a $69.00 price target on shares of CyrusOne in a research note on Monday, October 16th. UBS Group reissued a “buy” rating and issued a $70.00 price target (up from $63.00) on shares of CyrusOne in a research note on Wednesday, November 1st. Finally, Mitsubishi UFJ Financial Group raised shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $64.15.

CyrusOne (NASDAQ:CONE) opened at $56.00 on Wednesday. CyrusOne has a one year low of $46.41 and a one year high of $65.73. The stock has a market cap of $5,045.73, a PE ratio of -57.73, a P/E/G ratio of 0.88 and a beta of 0.79. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.56.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($1.37). CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The company had revenue of $175.30 million during the quarter, compared to the consensus estimate of $177.62 million. During the same period in the previous year, the company earned $0.67 earnings per share. CyrusOne’s quarterly revenue was up 21.9% on a year-over-year basis. analysts anticipate that CyrusOne will post 3.08 EPS for the current year.

In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total transaction of $812,700.00. Following the completion of the transaction, the insider now owns 214,063 shares of the company’s stock, valued at $12,886,592.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.64% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CONE. Zevenbergen Capital Investments LLC increased its position in shares of CyrusOne by 1.6% during the second quarter. Zevenbergen Capital Investments LLC now owns 11,405 shares of the real estate investment trust’s stock valued at $636,000 after acquiring an additional 175 shares in the last quarter. Investec Asset Management LTD increased its position in shares of CyrusOne by 1.9% during the second quarter. Investec Asset Management LTD now owns 22,717 shares of the real estate investment trust’s stock valued at $1,266,000 after acquiring an additional 414 shares in the last quarter. Flinton Capital Management LLC increased its position in shares of CyrusOne by 2.1% during the second quarter. Flinton Capital Management LLC now owns 24,378 shares of the real estate investment trust’s stock valued at $1,359,000 after acquiring an additional 510 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of CyrusOne by 32.9% during the second quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 751 shares in the last quarter. Finally, Wealthsource Partners LLC increased its position in shares of CyrusOne by 7.0% during the second quarter. Wealthsource Partners LLC now owns 11,823 shares of the real estate investment trust’s stock valued at $659,000 after acquiring an additional 775 shares in the last quarter. 96.67% of the stock is owned by institutional investors and hedge funds.

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About CyrusOne

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 its footprint and beyond.

Analyst Recommendations for CyrusOne (NASDAQ:CONE)

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