BidaskClub downgraded shares of Equinix (NASDAQ:EQIX) from a hold rating to a sell rating in a research note released on Thursday, January 11th.
A number of other analysts have also recently commented on EQIX. Oppenheimer lifted their price target on Equinix from $472.00 to $500.00 and gave the stock an outperform rating in a research report on Thursday, November 2nd. Berenberg Bank began coverage on Equinix in a research report on Tuesday, September 26th. They set a buy rating and a $550.00 price target for the company. Credit Suisse Group reiterated an outperform rating and set a $515.00 price objective (up previously from $510.00) on shares of Equinix in a research note on Thursday, November 2nd. Citigroup lifted their price objective on Equinix from $518.00 to $530.00 and gave the company a buy rating in a research note on Thursday, November 2nd. Finally, Morgan Stanley lifted their price objective on Equinix from $424.00 to $435.00 and gave the company an equal weight rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the stock. Equinix presently has a consensus rating of Buy and a consensus price target of $503.40.
Shares of Equinix (NASDAQ EQIX) traded down $4.45 on Thursday, reaching $437.45. The company’s stock had a trading volume of 787,950 shares, compared to its average volume of 501,513. Equinix has a 12 month low of $361.90 and a 12 month high of $495.35. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.51. The firm has a market cap of $34,570.00, a PE ratio of 142.03, a P/E/G ratio of 1.55 and a beta of 0.46.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.63 EPS for the quarter, topping the Zacks’ consensus estimate of $1.39 by $2.24. Equinix had a return on equity of 5.59% and a net margin of 5.58%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm posted $3.95 EPS. The firm’s revenue was up 24.6% compared to the same quarter last year. equities research analysts predict that Equinix will post 16.05 EPS for the current fiscal year.
In other Equinix news, insider Michael Earl Campbell sold 200 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $479.37, for a total transaction of $95,874.00. Following the completion of the sale, the insider now directly owns 1,125 shares in the company, valued at approximately $539,291.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Keith D. Taylor sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $455.42, for a total value of $683,130.00. Following the sale, the chief financial officer now owns 29,596 shares of the company’s stock, valued at $13,478,610.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,110 shares of company stock valued at $10,382,238. 0.58% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Fox Run Management L.L.C. increased its stake in Equinix by 77.2% during the 4th quarter. Fox Run Management L.L.C. now owns 1,595 shares of the financial services provider’s stock worth $723,000 after buying an additional 695 shares in the last quarter. Westpac Banking Corp increased its stake in Equinix by 37.4% during the 4th quarter. Westpac Banking Corp now owns 34,489 shares of the financial services provider’s stock worth $15,631,000 after buying an additional 9,390 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Equinix by 5.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 265,082 shares of the financial services provider’s stock worth $120,141,000 after buying an additional 13,241 shares in the last quarter. Spirit of America Management Corp NY increased its stake in Equinix by 22.4% during the 4th quarter. Spirit of America Management Corp NY now owns 4,100 shares of the financial services provider’s stock worth $1,858,000 after buying an additional 750 shares in the last quarter. Finally, National Pension Service boosted its holdings in shares of Equinix by 4.7% during the 4th quarter. National Pension Service now owns 74,064 shares of the financial services provider’s stock worth $33,567,000 after purchasing an additional 3,303 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.
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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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