CyrusOne (CONE) is Initiated by JP Morgan to Overweight

CyrusOne (CONE) is Initiated by JP Morgan to Overweight , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of CyrusOne Inc (NASDAQ:CONE) ended Thursday session in red amid volatile trading. The shares closed down 0.08 points or 0.22% at $36.05 with 337,598 shares getting traded. Post opening the session at $36.33, the shares hit an intraday low of $35.5 and an intraday high of $36.33 and the price vacillated in this range throughout the day. The company has a market cap of $2,388 million and the number of outstanding shares has been calculated to be 66,245,906 shares. The 52-week high of CyrusOne Inc (NASDAQ:CONE) is $37 and the 52-week low is $25.85.

During the last several months other analysts have commented on the company rating. SunTrust Robinson Humphrey initiates coverage on CyrusOne Inc (NASDAQ:CONE). The shares have now been rated Buy by the stock experts at the ratings house. SunTrust Robinson Humphrey announces the current price target of $43 per share on CyrusOne Inc. The rating by the firm was issued on November 24, 2015.

As many as 11 brokerage firms have rated CyrusOne Inc (NASDAQ:CONE) at 1.73. Research Analysts at Zacks have ranked the company at 3, suggesting the traders with a rating of hold for the short term. The stock garnered a place in the hold list of 3 stock Analysts. 2 analysts suggested buying the company. 6 analysts rated the company as a strong buy.

CyrusOne Inc (NASDAQ:CONE): 10 analysts have set the short term price target of CyrusOne Inc (NASDAQ:CONE) at $38.9. The standard deviation of short term price target has been estimated at $2.64, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 43 and $34 respectively.

Shares of Cyrusone Inc. rose by 1.35% in the last five trading days and 5.44% for the last 4 weeks. Cyrusone Inc. is up 6.7% in the last 3-month period. Year-to-Date the stock performance stands at 34.82%.”

CyrusOne Inc., is a owner, operator and developer of enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect operation of information technology (IT) infrastructure for approximately 500 customers. As of September 30, 2012, the Company’s property portfolio included 23 operating data centers in nine markets: Austin; Chicago; Cincinnati; Dallas; Houston; London; San Antonio; Singapore, and South Bend providing approximately 1,630,000 net rentable square feet (NRSF) and powered by approximately 125 megawatts of utility power. As of September 30, 2012, its customers included nine of the Fortune 20 and 108 of the Fortune 1000 or private or foreign enterprises of equivalent size. On July 31, 2012, the Company’s operating partnership, CyrusOne LP, was formed. On July 31, 2012, CyrusOne GP, the general partner of the Company’s operating partnership, was formed as a trust.