A number of research firms have changed their ratings and price targets for Equinix (NASDAQ: EQIX):

  • 8/9/2017 – Equinix had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $475.00 price target on the stock, up previously from $410.00.
  • 8/8/2017 – Equinix was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/7/2017 – Equinix had its price target raised by analysts at Royal Bank Of Canada from $470.00 to $505.00. They now have an “outperform” rating on the stock.
  • 8/3/2017 – Equinix had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $482.00 price target on the stock, up previously from $465.00.
  • 8/3/2017 – Equinix had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $497.00 price target on the stock, up previously from $485.00.
  • 8/3/2017 – Equinix had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $475.00 price target on the stock, up previously from $410.00. They wrote, “The Beach Boys wished they all could be California girls,” and we wish that all BDCs could report steady and strong results like Santa Monica-based TCPC. Second- quarter 2017 was another strong quarter, such that TCPC easily covered its $0.36 per share regular dividend—just like the 20 quarters that preceded it. The company reported core net investment income of $0.43 per share versus our $0.39 estimate. While the quarter benefited from unusually strong prepayment fees, there are some of these virtually every quarter. TCPC trades at a premium to other BDCs at 110% of NAV vs. the group average of 95%, and with an 8.7% yield vs. an average of 9.5%.””
  • 7/24/2017 – Equinix was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/21/2017 – Equinix had its “buy” rating reaffirmed by analysts at Cowen and Company.
  • 7/9/2017 – Equinix had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $470.00 price target on the stock.
  • 7/4/2017 – Equinix had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $410.00 price target on the stock.
  • 7/4/2017 – Equinix had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a $450.00 price target on the stock.
  • 6/30/2017 – Equinix was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/30/2017 – Equinix is now covered by analysts at Credit Suisse Group. They set an “outperform” rating and a $510.00 price target on the stock.
  • 6/12/2017 – Equinix had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $525.00 price target on the stock.

Equinix, Inc. (EQIX) opened at 439.48 on Friday. Equinix, Inc. has a 12-month low of $314.55 and a 12-month high of $459.00. The company has a 50-day moving average price of $437.69 and a 200-day moving average price of $412.12. The firm has a market capitalization of $34.26 billion, a PE ratio of 161.40 and a beta of 0.59.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.41 by $2.83. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Equinix had a return on equity of 5.51% and a net margin of 5.18%. On average, analysts predict that Equinix, Inc. will post $3.94 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd will be paid a $2.00 dividend. The ex-dividend date is Monday, August 21st. This represents a $8.00 annualized dividend and a yield of 1.82%. Equinix’s payout ratio is currently 293.04%.

In other Equinix news, Director Camp Peter Van sold 4,444 shares of Equinix stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $445.81, for a total value of $1,981,179.64. Following the completion of the sale, the director now directly owns 8,572 shares of the company’s stock, valued at approximately $3,821,483.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen M. Smith sold 5,348 shares of Equinix stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $432.60, for a total transaction of $2,313,544.80. Following the completion of the sale, the chief executive officer now directly owns 18,967 shares of the company’s stock, valued at $8,205,124.20. The disclosure for this sale can be found here. Insiders sold a total of 22,143 shares of company stock valued at $9,703,456 over the last ninety days. 0.58% of the stock is owned by corporate insiders.

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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