Cyxtera Technologies (NASDAQ:CYXT - Get Rating) had its price target reduced by Credit Suisse Group from $5.00 to $4.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Credit Suisse Group's price objective would suggest a potential upside of 187.77% from the stock's previous close.
CYXT has been the subject of a number of other research reports. BNP Paribas initiated coverage on Cyxtera Technologies in a report on Wednesday, December 14th. They set an "underperform" rating and a $2.00 target price for the company. Citigroup decreased their price objective on shares of Cyxtera Technologies from $13.00 to $2.75 and set a "buy" rating for the company in a research note on Thursday, December 1st. Exane BNP Paribas started coverage on shares of Cyxtera Technologies in a report on Wednesday, December 14th. They issued an "underperform" rating for the company. Finally, Truist Financial lowered their target price on shares of Cyxtera Technologies from $15.00 to $6.00 and set a "buy" rating on the stock in a research note on Thursday, December 22nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to MarketBeat, Cyxtera Technologies presently has a consensus rating of "Hold" and a consensus target price of $6.22.
Cyxtera Technologies Stock Performance
CYXT traded down $0.13 on Friday, reaching $1.39. 1,007,868 shares of the stock were exchanged, compared to its average volume of 508,829. The company has a debt-to-equity ratio of 3.41, a current ratio of 0.46 and a quick ratio of 0.46. The company's 50-day moving average price is $2.39 and its 200 day moving average price is $2.81. The firm has a market capitalization of $249.67 million, a PE ratio of -1.15 and a beta of 1.46. Cyxtera Technologies has a fifty-two week low of $1.32 and a fifty-two week high of $15.42.
Institutional Trading of Cyxtera Technologies
Several institutional investors have recently modified their holdings of CYXT. Cohen & Steers Inc. lifted its stake in Cyxtera Technologies by 348.4% in the 3rd quarter. Cohen & Steers Inc. now owns 7,740 shares of the company's stock valued at $32,000 after buying an additional 6,014 shares in the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Cyxtera Technologies by 23.5% during the third quarter. Centersquare Investment Management LLC now owns 105,000 shares of the company's stock valued at $428,000 after acquiring an additional 20,000 shares during the last quarter. Mason Capital Management LLC purchased a new position in shares of Cyxtera Technologies in the third quarter valued at approximately $6,018,000. HBK Sorce Advisory LLC acquired a new stake in shares of Cyxtera Technologies in the third quarter worth approximately $26,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Cyxtera Technologies in the 3rd quarter valued at $44,000.
Cyxtera Technologies Company Profile
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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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