Breaking: CyrusOne (NASDAQ:CONE) Buy Rating Reconfirmed at Bank of America Today; The TP Given is $65

July 13, 2018 - By Russell Jones

CyrusOne Inc. (NASDAQ:CONE) Logo

Investors sentiment increased to 1.5 in 2018 Q1. Its up 0.14, from 1.36 in 2017Q4. It is positive, as 33 investors sold CyrusOne Inc. shares while 82 reduced holdings. 46 funds opened positions while 126 raised stakes. 91.10 million shares or 1.81% more from 89.47 million shares in 2017Q4 were reported.

Westfield Management L P, Massachusetts-based fund reported 431,838 shares. Regions Fincl Corp accumulated 51 shares. Ejf Cap Lc holds 10,000 shares. Assets Investment Mgmt invested 0.66% of its portfolio in CyrusOne Inc. (NASDAQ:CONE). Pennsylvania-based Susquehanna Interest Grp Ltd Liability Partnership has invested 0% in CyrusOne Inc. (NASDAQ:CONE). Hilltop Holdg has invested 0.11% in CyrusOne Inc. (NASDAQ:CONE). Shelton Mgmt accumulated 8,321 shares or 0.03% of the stock. Act Ii Management Ltd Partnership invested 0.72% of its portfolio in CyrusOne Inc. (NASDAQ:CONE). San Francisco Sentry Gru (Ca) invested in 0.03% or 2,008 shares. Stevens Ltd Partnership owns 24,781 shares. Duff & Phelps Investment Mgmt holds 778,577 shares or 0.62% of its portfolio. Winfield reported 21,470 shares stake. Dana Investment has invested 0.46% in CyrusOne Inc. (NASDAQ:CONE). State Of Tennessee Treasury Department holds 123,612 shares. Bb&T reported 4,876 shares or 0% of all its holdings.

Since March 5, 2018, it had 0 insider purchases, and 2 sales for $657,092 activity. 1,514 CyrusOne Inc. (NASDAQ:CONE) shares with value of $90,840 were sold by Jackson Robert M.

CyrusOne (NASDAQ:CONE) Rating Reaffirmed

Stock analysts at Bank of America now has a $65 PT on CyrusOne (NASDAQ:CONE). Bank of America and their recent PT would suggest a potential upside of 5.45 % from the company’s stock close price. The rating has been disclosed in a report on Friday, 13 July.

CyrusOne Inc. (NASDAQ:CONE) Ratings Coverage

Among 7 analysts covering CyrusOne (NASDAQ:CONE), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. CyrusOne has $74.0 highest and $48.0 lowest target. $65’s average target is 5.45% above currents $61.64 stock price. CyrusOne had 8 analyst reports since January 17, 2018 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Buy” on Wednesday, January 17. The company was maintained on Tuesday, February 27 by Jefferies. The rating was maintained by Credit Suisse with “Buy” on Wednesday, February 21. Guggenheim maintained CyrusOne Inc. (NASDAQ:CONE) rating on Friday, February 23. Guggenheim has “Buy” rating and $65.0 target. Deutsche Bank maintained it with “Buy” rating and $70 target in Thursday, May 31 report. The firm has “Buy” rating given on Thursday, February 22 by Cowen & Co.

The stock decreased 0.32% or $0.2 during the last trading session, reaching $61.64. About 567,185 shares traded. CyrusOne Inc. (NASDAQ:CONE) has declined 6.24% since July 13, 2017 and is downtrending. It has underperformed by 18.81% the S&P500.

Analysts await CyrusOne Inc. (NASDAQ:CONE) to report earnings on August, 1. They expect $0.78 EPS, up 1.30 % or $0.01 from last year’s $0.77 per share. CONE’s profit will be $74.67M for 19.76 P/E if the $0.78 EPS becomes a reality. After $0.85 actual EPS reported by CyrusOne Inc. for the previous quarter, Wall Street now forecasts -8.24 % negative EPS growth.

CyrusOne Inc., a real estate investment trust , owns, operates, and develops enterprise-class, carrier-neutral, and multi-tenant data center properties. The company has market cap of $5.90 billion. The firm provides mission-critical data center facilities that protect and ensure the continued operation of information technology infrastructure. It currently has negative earnings. The Company’s clients operate in various industries, including information technology, financial services, energy, gas and oil, mining, medical, and consumer goods and services.

Another recent and important CyrusOne Inc. (NASDAQ:CONE) news was published by Seekingalpha.com which published an article titled: “CyrusOne Has A Secret Weapon” on July 02, 2018.

CyrusOne Inc. (NASDAQ:CONE) Institutional Positions Chart

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