Cyxtera Technologies, Inc. (NASDAQ:CYXT) Given Average Recommendation of "Moderate Buy" by Brokerages – MarketBeat

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Shares of Cyxtera Technologies, Inc. (NASDAQ:CYXT – Get Rating) have been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $15.00.
CYXT has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on Cyxtera Technologies from $14.00 to $16.00 in a report on Monday, June 6th. Raymond James lifted their price target on Cyxtera Technologies from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, March 23rd. Truist Financial lifted their price target on Cyxtera Technologies from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, June 8th. Finally, Credit Suisse Group initiated coverage on Cyxtera Technologies in a report on Thursday, April 7th. They set an “outperform” rating and a $15.00 price target for the company.
A number of institutional investors have recently added to or reduced their stakes in CYXT. Harbor Advisors LLC bought a new position in Cyxtera Technologies in the 4th quarter valued at about $126,000. Citigroup Inc. acquired a new position in shares of Cyxtera Technologies during the 1st quarter worth approximately $147,000. Privium Fund Management B.V. bought a new position in shares of Cyxtera Technologies during the first quarter worth approximately $152,000. Victory Capital Management Inc. bought a new position in shares of Cyxtera Technologies during the first quarter worth approximately $153,000. Finally, Mirabella Financial Services LLP bought a new position in shares of Cyxtera Technologies during the fourth quarter worth approximately $158,000.
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Shares of NASDAQ CYXT opened at $11.44 on Monday. The stock has a 50 day moving average price of $12.95 and a 200 day moving average price of $12.33. Cyxtera Technologies has a 52 week low of $7.51 and a 52 week high of $15.42. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.44 and a quick ratio of 0.44.
Cyxtera Technologies (NASDAQ:CYXT – Get Rating) last issued its quarterly earnings results on Thursday, May 12th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.02). The company had revenue of $182.40 million during the quarter, compared to analysts’ expectations of $182.35 million. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that Cyxtera Technologies will post -0.8 earnings per share for the current year.
Cyxtera Technologies Company Profile (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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