CyrusOne (CONE) Received its Third Buy in a Row


After Guggenheim and Wells Fargo gave CyrusOne (NASDAQ: CONE) a Buy rating last month, the company received another Buy, this time from Stifel Nicolaus. Analyst Erik Rasmussen maintained a Buy rating on CyrusOne today and set a price target of $80.00. The company’s shares closed last Monday at $68.54.

Rasmussen has an average return of 11.1% when recommending CyrusOne.

According to TipRanks.com, Rasmussen is ranked #541 out of 5994 analysts.

CyrusOne has an analyst consensus of Moderate Buy, with a price target consensus of $73.54, representing a 7.5% upside. In a report issued on February 12, Wells Fargo also maintained a Buy rating on the stock with a $75.00 price target.

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CyrusOne’s market cap is currently $7.74B and has a P/E ratio of 174.35. The company has a Price to Book ratio of 3.22.

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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.

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