In a report released today, Ari Klein from BMO Capital maintained a Buy rating on CyrusOne (NASDAQ: CONE), with a price target of $74. The company’s shares opened today at $67.88, close to its 52-week high of $68.25.
Klein has an average return of 8.2% when recommending CyrusOne.
According to TipRanks.com, Klein is ranked #3363 out of 4866 analysts.
Currently, the analyst consensus on CyrusOne is a Strong Buy with an average price target of $72.44, which is a 6.7% upside from current levels. In a report issued on August 14, MUFG Securities Americas Inc also maintained a Buy rating on the stock with a $68 price target.
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CyrusOne’s market cap is currently $6.73B and has a P/E ratio of 72.98. The company has a Price to Book ratio of 3.49.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
CyrusOne, Inc. engages in the ownership, operation, and development of enterprise-class, carrier-neutral, multi-tenant data center properties. It provides mission-critical data center facilities that protect and ensure the continued operation of information technology infrastructure for different customers.
