CyrusOne (NASDAQ:CONE) Given a $81.00 Price Target by Guggenheim Analysts

CyrusOne (NASDAQ:CONE) has been given a $81.00 price target by stock analysts at Guggenheim in a report released on Thursday, TipRanks reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Guggenheim’s price objective would suggest a potential upside of 8.32% from the stock’s current price.

CONE has been the subject of several other research reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $66.00 target price on shares of CyrusOne in a research report on Monday, August 5th. Stifel Nicolaus reaffirmed a “buy” rating on shares of CyrusOne in a research report on Friday, August 16th. Zacks Investment Research cut CyrusOne from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine raised CyrusOne from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. Finally, Bank of America set a $80.00 target price on CyrusOne and gave the stock a “buy” rating in a research report on Friday, August 16th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $68.10.

Shares of CONE traded up $1.13 during trading hours on Thursday, hitting $74.78. 594,966 shares of the company were exchanged, compared to its average volume of 1,014,741. The company has a market capitalization of $8.40 billion, a PE ratio of 22.59, a PEG ratio of 1.39 and a beta of 0.55. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a fifty day simple moving average of $68.31 and a 200-day simple moving average of $59.96. CyrusOne has a one year low of $48.94 and a one year high of $75.48.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.09. The business had revenue of $251.50 million during the quarter, compared to analyst estimates of $238.01 million. CyrusOne had a negative return on equity of 2.45% and a negative net margin of 7.44%. The company’s revenue was up 27.7% compared to the same quarter last year. During the same period last year, the company posted $0.81 EPS. Sell-side analysts expect that CyrusOne will post 3.54 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of CyrusOne by 3.1% during the second quarter. Vanguard Group Inc. now owns 16,216,705 shares of the real estate investment trust’s stock worth $936,029,000 after acquiring an additional 482,530 shares in the last quarter. Cohen & Steers Inc. raised its holdings in shares of CyrusOne by 20.6% during the second quarter. Cohen & Steers Inc. now owns 14,063,823 shares of the real estate investment trust’s stock worth $811,764,000 after acquiring an additional 2,398,840 shares in the last quarter. BlackRock Inc. raised its holdings in shares of CyrusOne by 2.2% during the first quarter. BlackRock Inc. now owns 13,697,485 shares of the real estate investment trust’s stock worth $718,297,000 after acquiring an additional 297,154 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of CyrusOne by 617.5% during the second quarter. Nuveen Asset Management LLC now owns 5,051,779 shares of the real estate investment trust’s stock worth $291,589,000 after acquiring an additional 4,347,725 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of CyrusOne by 4.5% during the first quarter. Principal Financial Group Inc. now owns 3,467,950 shares of the real estate investment trust’s stock worth $181,860,000 after acquiring an additional 148,771 shares in the last quarter.

About CyrusOne

CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including 212 Fortune 1000 companies.

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Analyst Recommendations for CyrusOne (NASDAQ:CONE)

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