Analysts at UBS AG assumed coverage on shares of Equinix, Inc. (NASDAQ:EQIX) in a report released on Wednesday, October 18th, The Fly reports. The brokerage set a “neutral” rating on the financial services provider’s stock.
A number of other analysts have also recently commented on EQIX. Credit Suisse Group started coverage on shares of Equinix in a report on Friday, June 30th. They set an “outperform” rating and a $510.00 target price for the company. BidaskClub cut shares of Equinix from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Jefferies Group LLC reaffirmed a “hold” rating and set a $410.00 target price on shares of Equinix in a report on Tuesday, July 4th. Macquarie reaffirmed an “outperform” rating and set a $450.00 target price on shares of Equinix in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $470.00 target price on shares of Equinix in a report on Sunday, July 9th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $477.63.
Equinix (NASDAQ EQIX) traded down 0.15% on Wednesday, hitting $453.50. The stock had a trading volume of 21,151 shares. Equinix has a 12-month low of $314.55 and a 12-month high of $475.28. The company has a 50 day moving average of $454.76 and a 200 day moving average of $439.90. The company has a market capitalization of $35.35 billion, a PE ratio of 166.54 and a beta of 0.55.
Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 EPS for the quarter, beating the Zacks’ consensus estimate of $3.41 by $1.18. Equinix had a net margin of 5.18% and a return on equity of 5.51%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. On average, equities analysts expect that Equinix will post $3.83 earnings per share for the current year.
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In other Equinix news, CFO Keith D. Taylor sold 1,500 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $438.46, for a total transaction of $657,690.00. Following the completion of the transaction, the chief financial officer now owns 31,393 shares in the company, valued at $13,764,574.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karl Strohmeyer sold 250 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $464.96, for a total transaction of $116,240.00. The disclosure for this sale can be found here. Insiders have sold 9,911 shares of company stock valued at $4,469,647 in the last quarter. 0.58% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. bought a new stake in shares of Equinix in the 3rd quarter worth about $2,970,000. Honeywell International Inc. lifted its holdings in shares of Equinix by 30.0% in the 3rd quarter. Honeywell International Inc. now owns 22,253 shares of the financial services provider’s stock worth $9,932,000 after acquiring an additional 5,139 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Equinix by 6.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 15,330 shares of the financial services provider’s stock worth $6,842,000 after acquiring an additional 870 shares during the last quarter. Pictet Asset Management Ltd. lifted its holdings in shares of Equinix by 30.3% in the 3rd quarter. Pictet Asset Management Ltd. now owns 527,673 shares of the financial services provider’s stock worth $235,501,000 after acquiring an additional 122,617 shares during the last quarter. Finally, Calamos Advisors LLC lifted its holdings in shares of Equinix by 3.8% in the 3rd quarter. Calamos Advisors LLC now owns 8,283 shares of the financial services provider’s stock worth $3,697,000 after acquiring an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.
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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