Equinix Given Consensus Recommendation of “Buy” by Brokerages (NASDAQ:EQIX)
Equinix (NASDAQ:EQIX) has received a consensus recommendation of “Buy” from the thirteen analysts that are presently covering the company, Analyst Ratings Network.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $221.91.
In other Equinix news, Director Camp Peter Van sold 1,862 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $193.80, for a total value of $360,855.60. Following the transaction, the director now directly owns 11,404 shares of the company’s stock, valued at approximately $2,210,095. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on EQIX. Analysts at Zacks reiterated a “neutral” rating on shares of Equinix in a research note on Friday, February 21st. They now have a $197.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Equinix from $200.00 to $230.00 in a research note on Thursday, February 20th. Finally, analysts at Evercore Partners raised their price target on shares of Equinix from $210.00 to $215.00 in a research note on Thursday, February 20th.
Shares of Equinix (NASDAQ:EQIX) traded up 0.61% on Wednesday, hitting $189.65. 100,951 shares of the company’s stock traded hands. Equinix has a 52 week low of $152.82 and a 52 week high of $231.56. The stock’s 50-day moving average is $184.0 and its 200-day moving average is $173.2. The company has a market cap of $9.438 billion and a price-to-earnings ratio of 99.74.
Equinix (NASDAQ:EQIX) last released its earnings data on Wednesday, February 19th. The company reported $0.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.11. The company had revenue of $564.70 million for the quarter, compared to the consensus estimate of $562.58 million. Analysts expect that Equinix will post $3.58 EPS for the current fiscal year.
Equinix, Inc (NASDAQ:EQIX) connects businesses with partners and customers worldwide through a global platform of data centers.
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