Shares of Cyxtera Technologies, Inc. (NASDAQ:CYXT – Get Rating) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $13.83.
Several analysts have recently weighed in on CYXT shares. Zacks Investment Research lowered shares of Cyxtera Technologies from a “hold” rating to a “sell” rating in a research note on Monday, March 28th. Royal Bank of Canada boosted their price target on shares of Cyxtera Technologies from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, March 30th. Raymond James upped their price target on Cyxtera Technologies from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, March 23rd. UBS Group assumed coverage on shares of Cyxtera Technologies in a research report on Monday, January 3rd. They issued a “neutral” rating and a $14.00 price objective on the stock. Finally, Cowen began coverage on Cyxtera Technologies in a research note on Thursday, January 6th. They set an “outperform” rating for the company.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Cyxtera Technologies by 3.2% during the fourth quarter. BlackRock Inc. now owns 395,117 shares of the company’s stock worth $4,983,000 after acquiring an additional 12,412 shares during the period. Visionary Wealth Advisors purchased a new position in shares of Cyxtera Technologies during the 4th quarter worth approximately $247,000. Chartwell Investment Partners LLC purchased a new position in shares of Cyxtera Technologies during the 4th quarter worth approximately $1,248,000. Sei Investments Co. grew its stake in Cyxtera Technologies by 27.2% in the 4th quarter. Sei Investments Co. now owns 15,862 shares of the company’s stock worth $200,000 after acquiring an additional 3,391 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Cyxtera Technologies by 109.1% in the 4th quarter. Millennium Management LLC now owns 31,950 shares of the company’s stock valued at $403,000 after purchasing an additional 16,671 shares during the last quarter.
Cyxtera Technologies (NASDAQ:CYXT – Get Rating) last announced its quarterly earnings data on Tuesday, March 22nd. The company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.03. The firm had revenue of $178.40 million for the quarter, compared to analyst estimates of $178.71 million. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Cyxtera Technologies will post -0.79 earnings per share for the current year.
About Cyxtera Technologies (Get Rating)
Cyxtera Technologies, Inc provides various data center products and services for enterprises, service providers, and government agencies. It offers retail colocation, interconnection, deployment, and support services; and Bare Metal, an on-demand IT infrastructure solution. The company is headquartered in Coral Gables, Florida.
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