In a report released today, Jonathan Petersen from Jefferies maintained a Buy rating on CyrusOne (NASDAQ: CONE), with a price target of $76. The company’s shares closed yesterday at $66.95, close to its 52-week high of $68.25.
According to TipRanks.com, Petersen is a 5-star analyst with an average return of 11.2% and a 79.6% success rate. Petersen covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Easterly Government Properties, and First Industrial Realty Trust.
CyrusOne has an analyst consensus of Strong Buy, with a price target consensus of $72.44, an 8.2% 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 $6.64B and has a P/E ratio of 71.99. The company has a Price to Book ratio of 3.44.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. Earlier this month, 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.
