Equinix, Inc. (EQIX) Stock Rating Reaffirmed by Barclays PLC
Equinix, Inc. (NASDAQ:EQIX)‘s stock had its “hold” rating reaffirmed by analysts at Barclays PLC in a research note issued to investors on Friday. They currently have a $410.00 price target on the financial services provider’s stock, up from their previous price target of $400.00. Barclays PLC’s target price indicates a potential upside of 1.48% from the stock’s previous close.
A number of other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Equinix from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Macquarie assumed coverage on shares of Equinix in a report on Thursday, April 6th. They set an “outperform” rating and a $450.00 price objective on the stock. Cowen and Company boosted their price objective on shares of Equinix from $417.00 to $453.00 and gave the stock an “outperform” rating in a report on Wednesday, March 29th. Citigroup Inc raised shares of Equinix from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $408.00 to $435.00 in a report on Monday, March 13th. They noted that the move was a valuation call. Finally, Stifel Nicolaus boosted their price objective on shares of Equinix from $418.00 to $435.00 and gave the stock a “buy” rating in a report on Thursday, February 16th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $421.75.
Equinix (NASDAQ:EQIX) traded up 0.55% during mid-day trading on Friday, reaching $404.03. 539,571 shares of the company traded hands. Equinix has a 52-week low of $314.55 and a 52-week high of $407.55. The stock has a market capitalization of $28.94 billion, a PE ratio of 225.09 and a beta of 0.73. The stock has a 50-day moving average of $390.29 and a 200 day moving average of $368.32.
Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, February 15th. The financial services provider reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by $2.55. The company had revenue of $942.65 million for the quarter, compared to analysts’ expectations of $942.15 million. Equinix had a return on equity of 3.68% and a net margin of 2.23%. Equities research analysts expect that Equinix will post $4.81 earnings per share for the current year.
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In related news, Director Camp Peter Van sold 1,318 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $377.12, for a total transaction of $497,044.16. Following the completion of the transaction, the director now owns 9,464 shares of the company’s stock, valued at $3,569,063.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen M. Smith sold 7,839 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $376.00, for a total transaction of $2,947,464.00. The disclosure for this sale can be found here. Insiders have sold 48,744 shares of company stock worth $18,546,989 in the last three months. Insiders own 0.69% of the company’s stock.
A number of institutional investors have recently modified their holdings of EQIX. Creative Planning raised its position in shares of Equinix by 95.0% in the third quarter. Creative Planning now owns 351 shares of the financial services provider’s stock valued at $126,000 after buying an additional 171 shares during the period. Muzinich & Co. Inc. raised its position in shares of Equinix by 32.3% in the third quarter. Muzinich & Co. Inc. now owns 446 shares of the financial services provider’s stock valued at $161,000 after buying an additional 109 shares during the period. Compagnie Lombard Odier SCmA raised its position in shares of Equinix by 23.6% in the third quarter. Compagnie Lombard Odier SCmA now owns 545 shares of the financial services provider’s stock valued at $196,000 after buying an additional 104 shares during the period. Biegel & Waller LLC bought a new position in shares of Equinix during the fourth quarter valued at approximately $209,000. Finally, Quadrant Capital Group LLC raised its position in shares of Equinix by 0.7% in the third quarter. Quadrant Capital Group LLC now owns 619 shares of the financial services provider’s stock valued at $214,000 after buying an additional 4 shares during the period. 98.12% of the stock is owned by hedge funds and other institutional investors.
Equinix Company Profile
Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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