Equinix Inc. (EQIX) Given “Hold” Rating at Jefferies Group
Several other analysts have also issued reports on EQIX. Canaccord Genuity reiterated a buy rating on shares of Equinix in a research report on Sunday, June 26th. William Blair reiterated a buy rating on shares of Equinix in a research report on Sunday, June 26th. Zacks Investment Research upgraded shares of Equinix from a hold rating to a buy rating and set a $433.00 target price on the stock in a research report on Tuesday, July 5th. Barclays PLC lifted their target price on shares of Equinix from $360.00 to $372.00 and gave the company an equal weight rating in a research report on Thursday, August 4th. Finally, JPMorgan Chase & Co. reiterated a hold rating and issued a $428.00 target price on shares of Equinix in a research report on Tuesday, August 9th. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $392.38.
Shares of Equinix (NASDAQ:EQIX) opened at 358.21 on Tuesday. The company has a 50-day moving average of $369.15 and a 200-day moving average of $351.29. Equinix has a 52-week low of $255.45 and a 52-week high of $391.07. The stock has a market capitalization of $25.46 billion, a price-to-earnings ratio of 353.61 and a beta of 0.80.
Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, August 3rd. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.64 by $3.08. Equinix had a net margin of 2.07% and a return on equity of 6.02%. The company earned $900.50 million during the quarter, compared to analyst estimates of $893.99 million. During the same quarter last year, the business earned $1.03 EPS. The firm’s revenue for the quarter was up 35.3% compared to the same quarter last year. Equities research analysts anticipate that Equinix will post $14.93 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Wednesday, August 24th were paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Monday, August 22nd. Equinix’s payout ratio is currently 654.21%.
In related news, CFO Keith D. Taylor sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $367.34, for a total transaction of $367,340.00. Following the sale, the chief financial officer now directly owns 44,444 shares of the company’s stock, valued at approximately $16,326,058.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Charles J. Meyers sold 200 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $364.90, for a total transaction of $72,980.00. Following the sale, the chief operating officer now directly owns 1,845 shares in the company, valued at $673,240.50. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.
A number of large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new position in Equinix during the second quarter valued at approximately $104,000. Integrated Investment Consultants LLC boosted its position in Equinix by 5.6% in the second quarter. Integrated Investment Consultants LLC now owns 284 shares of the company’s stock valued at $110,000 after buying an additional 15 shares during the period. IFP Advisors Inc boosted its position in Equinix by 0.6% in the first quarter. IFP Advisors Inc now owns 310 shares of the company’s stock valued at $103,000 after buying an additional 2 shares during the period. AXA purchased a new position in Equinix during the second quarter valued at approximately $155,000. Finally, Independent Portfolio Consultants Inc. purchased a new position in Equinix during the second quarter valued at approximately $161,000. 99.86% of the stock is currently 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.
Receive News & Ratings for Equinix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.