CyrusOne (CONE) Downgraded by BidaskClub

CyrusOne (NASDAQ:CONE) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.

Other equities research analysts have also recently issued research reports about the stock. UBS raised shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Thursday, November 2nd. Cowen reissued a “buy” rating and set a $68.00 price target on shares of CyrusOne in a research report on Thursday, September 21st. ValuEngine cut shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Mitsubishi UFJ Financial Group raised shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 31st. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $69.00 target price on shares of CyrusOne in a research report on Monday, October 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $64.15.

Shares of CyrusOne (NASDAQ CONE) opened at $57.41 on Thursday. The firm has a market cap of $5,419.19, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.06 and a beta of 0.79. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.56. CyrusOne has a 12-month low of $43.90 and a 12-month high of $65.73.

CyrusOne (NASDAQ:CONE) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($1.37). The firm had revenue of $175.30 million for the quarter, compared to analysts’ expectations of $177.62 million. CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.23%. The company’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 EPS. equities research analysts expect that CyrusOne will post 3.1 earnings per share for the current fiscal year.

In other news, insider Venkatesh S. Durvasula sold 13,500 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total value of $812,700.00. Following the completion of the sale, the insider now directly owns 214,063 shares of the company’s stock, valued at approximately $12,886,592.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.64% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. IFP Advisors Inc increased its stake in shares of CyrusOne by 232.6% in the 3rd quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 1,198 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of CyrusOne by 3,032.8% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 1,850 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in shares of CyrusOne in the 2nd quarter worth about $124,000. Public Employees Retirement Association of Colorado increased its stake in shares of CyrusOne by 21.6% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock worth $152,000 after acquiring an additional 484 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of CyrusOne by 32.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock worth $169,000 after acquiring an additional 751 shares in the last quarter. Institutional investors own 96.67% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was first reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.com-unik.info/2017/12/21/cyrusone-cone-downgraded-by-bidaskclub.html.

CyrusOne Company Profile

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)

Receive News & Ratings for CyrusOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit