Stock To Watch: CyrusOne Inc (NASDAQ:CONE)


The leading market experts have placed a mean price target of $59.60 on CyrusOne Inc (NASDAQ:CONE) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.65 a share for the upcoming quarter and $2.57 for the current fiscal.

Technical View

The technical analysis of CyrusOne Inc plainly substantiates that the 50-day moving average of CyrusOne Inc is $53.25, and stock is trading $-2.85 points away or -5.36% from its 50-day moving average of $53.25. Further it is trading $3.15 or +6.67% away its 200-day moving average of $47.25. CyrusOne Inc (NASDAQ:CONE) 52-week high is $57.00 and the 52-week low is $30.60.

This explains if the stock moves $-6.60, it will post a 52-week high. In event of +64.71% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of CyrusOne Inc, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, CyrusOne Inc (NASDAQ:CONE) ratio came in at 427.12.

The stock last ended the trading session at $50.40 and registered a market cap of $3.95B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. CyrusOne Inc (NASDAQ:CONE) PEG ratio is at 1.34.

1 Chart Pattern Every Investor Should Know

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