Analysts Set Equinix Inc (NASDAQ:EQIX) Price Target at $579.88
Shares of Equinix Inc (NASDAQ:EQIX) have received an average rating of “Buy” from the twenty brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $579.88.
EQIX has been the topic of several recent research reports. BidaskClub downgraded shares of Equinix from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Credit Suisse Group reiterated a “buy” rating and issued a $581.00 price objective on shares of Equinix in a research report on Wednesday, December 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $620.00 price objective on shares of Equinix in a research report on Thursday, November 14th. Raymond James lifted their price objective on shares of Equinix from $560.00 to $625.00 and gave the company a “strong-buy” rating in a research report on Thursday, October 31st. Finally, FBN Securities lifted their price objective on shares of Equinix from $550.00 to $625.00 and gave the company an “outperform” rating in a research report on Monday, November 4th.
In other Equinix news, insider Sara Baack sold 250 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $565.33, for a total transaction of $141,332.50. Following the sale, the insider now directly owns 8,172 shares in the company, valued at approximately $4,619,876.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles J. Meyers sold 5,562 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $592.53, for a total transaction of $3,295,651.86. Following the sale, the chief executive officer now owns 8,567 shares in the company, valued at $5,076,204.51. The disclosure for this sale can be found here. Insiders have sold a total of 17,998 shares of company stock worth $10,621,400 over the last 90 days. 0.49% of the stock is owned by insiders.
Shares of NASDAQ EQIX traded down $5.06 during midday trading on Tuesday, hitting $590.95. The company’s stock had a trading volume of 17,208 shares, compared to its average volume of 335,566. Equinix has a 1-year low of $357.35 and a 1-year high of $609.97. The firm’s fifty day moving average price is $577.06 and its 200-day moving average price is $555.44. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $47.85 billion, a P/E ratio of 100.15, a P/E/G ratio of 1.96 and a beta of 0.66.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.96 by ($3.55). Equinix had a net margin of 9.03% and a return on equity of 5.94%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the firm posted $1.55 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, research analysts predict that Equinix will post 20.63 earnings per share for the current fiscal year.
Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
Featured Article: New Google Finance Tool and Screening Stocks
Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.