Are You Considering CyrusOne Inc. (CONE) As Part Of Your Portfolio?

The stock of CyrusOne Inc. (NASDAQ:CONE) decreased by decreased by -$1.44 on Friday to finish at $81.62, down -1.73 percent. The last five days have seen an average of 1,510,280 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $8.47. The average number of shares traded over the last 20 days was 1,345,675, while the average volume over the last 50 days totaled 989,024.

CONE stock appreciated 6.75% since last month. On 09/28/21, the company’s shares reached a one-month low of $71.33. The stock touched a high of $83.10 on 10/22/21, after rallying from a low of $61.64 in 52 weeks. The price of CONE stock has risen by 11.58% or $8.47 this year, reaching a new high 11 times. Still, the stock price is down -1.78% from the 52-week high.


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Insider Transactions

There have been 136 days since CyrusOne Inc. (CONE) last reported insider trading activity on Jun 11. On Jun 11, Director Ferdman David H. sold 5,000 shares at $79.63 each. This transaction resulted in the insider making $398,160. On May 21, Ferdman David H. sold 10,000 shares at a price of US$73.15. After the transaction, the insider now owns 81,666 shares.

Valuation Metrics

CyrusOne Inc. (CONE) has a trailing price-to-earnings (P/E) ratio of 1569.62. This level actually compares unfavorably with the industry at large, as the PE for the REIT – Specialty industry stands at about 49.05. Further, its PE also compares unfavorably with the Real Estate sector’s trailing 12 months PE ratio, which comes in at 39.54 right now. The PE ratio of CyrusOne Inc. has varied between 2076.50 and 45.63 in the last five years. Beta for the stock is 0.42. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 9.24, the price-to-book (PB) ratio of 3.77.

CyrusOne Inc.’s dividend is $2.08 per share per year. On Oct. 8, the company paid $0.52 per share in dividends, an increase of 1.96% from $0.51 last year. A $0.01 dividend increase was reported on Wednesday July 28 2021, making it the 9 consecutive year the dividend has increased. Over the last three years, dividends have increased by 20.24%.

As far as profitability goes, gross margin for the trailing twelve months is 57.10% percent. CyrusOne Inc.’s operating margin stood at 3.20% for the same period. Based on annual data, it had gross profit of $40.1 million and revenue of $1.03 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CONE’s return on assets (ROA) during the last 12 months has been 0.10%. There was a 0.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 0.30%. ROE has averaged 7.37 in the past year for the broader industry.

Earnings Surprise

According to CyrusOne Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $284.6 million, while revenues rose by 9.91% to $298.6 million. It was predicted that CyrusOne Inc.’s quarterly earnings would be $0.06, but it ended up being $0.01. EBITDA was $144.2 million for the quarter. At the end of CyrusOne Inc.’s most recent quarter ended June 29, its total debt was $3.68 billion. Equity owned by shareholders amounts to $124.02 million.

Technical Picture

Here’s a quick look at CyrusOne Inc.’s (CONE) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 66.74%, suggesting the stock is Neutral, with a 28.92% historical volatility rate.

The stochastic %K and %D were 93.86% and 83.43% respectively, while the average true range (ATR) was 1.99. Based on the 14-day stochastic reading of 82.72%, the RSI (14) reading is 62.94%. On the 9-day MACD Oscillator, the stock is at 3.50, and the 14-day reading is at 4.29.

Analyst Ratings

In its most recent analyst report, Cowen raised its rating on CyrusOne Inc. (NASDAQ: CONE) to an Outperform. Prior to this, analysts firm rated the stock as a Market perform. Analysts have assigned CyrusOne Inc. (CONE) an Overweight rating. CONE is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 11 others recommend it as a buy.

What is CONE’s price target for the next 12 months?

The current consensus forecast for the stock is between $70.00 and $90.00, with a median target price of $81.00. In analyzing these forecasts, the average price target given by analysts for CyrusOne Inc. (CONE) is $81.02.

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