Equinix Inc (NASDAQ:EQIX) has received an average recommendation of “Buy” from the twenty-one research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and sixteen have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $500.00.
EQIX has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $454.00 price objective (down from $460.00) on shares of Equinix in a report on Tuesday, October 23rd. BidaskClub cut shares of Equinix from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. Berenberg Bank assumed coverage on shares of Equinix in a research note on Tuesday, January 8th. They issued a “buy” rating and a $477.00 target price for the company. Credit Suisse Group set a $500.00 target price on shares of Equinix and gave the company a “buy” rating in a research note on Friday, November 2nd. Finally, Zacks Investment Research cut shares of Equinix from a “hold” rating to a “sell” rating in a research note on Monday, January 7th.
In other Equinix news, insider Michael Earl Campbell sold 1,500 shares of Equinix stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $395.00, for a total transaction of $592,500.00. Following the completion of the sale, the insider now owns 1,388 shares of the company’s stock, valued at approximately $548,260. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Yau Tat Lee sold 2,792 shares of Equinix stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $382.86, for a total transaction of $1,068,945.12. Following the sale, the insider now directly owns 2,182 shares of the company’s stock, valued at approximately $835,400.52. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.
NASDAQ EQIX opened at $371.43 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $28.73 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 1.23 and a beta of 0.78. Equinix has a 1-year low of $335.29 and a 1-year high of $458.64.
Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Thursday, November 1st. The financial services provider reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $4.47 by ($2.92). The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Equinix had a net margin of 6.46% and a return on equity of 7.70%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.63 earnings per share. On average, sell-side analysts predict that Equinix will post 18.47 EPS for the current year.
Equinix Company Profile
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.
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