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 $53.87.
According to TipRanks.com, Klein is a 1-star analyst with an average return of -6.7% and a 18.2% success rate. Klein covers the Financial sector, focusing on stocks such as QTS Realty Trust, Coresite Realty, and Digital Realty.
Currently, the analyst consensus on CyrusOne is a Strong Buy with an average price target of $72.56, a 34.7% upside from current levels. In a report issued on October 18, Wells Fargo also maintained a Buy rating on the stock with a $66 price target.
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CyrusOne’s market cap is currently $5.47B and has a P/E ratio of 57.92. The company has a Price to Book ratio of 2.77.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Kevin Timmons, the CTO of CONE sold 7,374 shares for a total of $495,164.
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.
