InterXion Holding NV (NYSE:INXN) – Oppenheimer upped their FY2018 earnings estimates for shares of InterXion in a research report issued to clients and investors on Tuesday. Oppenheimer analyst T. Horan now expects that the technology company will earn $0.95 per share for the year, up from their prior forecast of $0.90. Oppenheimer has a “Buy” rating and a $68.00 price objective on the stock. Oppenheimer also issued estimates for InterXion’s FY2019 earnings at $1.14 EPS.
A number of other analysts also recently commented on the stock. BidaskClub raised shares of InterXion from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. SunTrust Banks reissued a “buy” rating and set a $57.00 price objective on shares of InterXion in a report on Thursday, October 12th. Zacks Investment Research downgraded shares of InterXion from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $55.00 price target on shares of InterXion in a report on Thursday, September 14th. Finally, Barclays upped their price target on shares of InterXion from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $59.40.
InterXion (INXN) traded down $0.13 during mid-day trading on Thursday, reaching $58.64. 589,800 shares of the company were exchanged, compared to its average volume of 570,162. The stock has a market capitalization of $4,170.00, a P/E ratio of 97.73, a P/E/G ratio of 5.95 and a beta of 0.56. InterXion has a 52-week low of $36.72 and a 52-week high of $60.50. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.22.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Atlantic Trust Group LLC purchased a new stake in shares of InterXion in the third quarter valued at about $3,177,000. Insight Capital Research & Management Inc. purchased a new stake in shares of InterXion in the third quarter valued at about $918,000. California Public Employees Retirement System lifted its holdings in shares of InterXion by 26.4% in the third quarter. California Public Employees Retirement System now owns 89,091 shares of the technology company’s stock valued at $4,537,000 after purchasing an additional 18,591 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of InterXion in the third quarter valued at about $553,000. Finally, Vident Investment Advisory LLC purchased a new position in shares of InterXion during the third quarter valued at approximately $250,000. 86.45% of the stock is currently owned by institutional investors.
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InterXion Holding N.V. is a provider of carrier and cloud neutral colocation data center services in Europe. The Company operates through two segments: France, Germany, The Netherlands and UK, and rest of Europe, which consists of its operations in Austria, Belgium, Denmark, Ireland, Spain, Sweden and Switzerland.
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