Evercore Partners Downgrades InterXion Holding NV to Equal weight (INXN)
InterXion Holding NV (NASDAQ:INXN) was downgraded by research analysts at Evercore Partners from an “overweight” rating to an “equal weight” rating in a report released on Wednesday, ARN reports. They currently have a $28.00 target price on the stock, up from their previous target price of $27.00. Evercore Partners’ price target suggests a potential upside of 8.07% from the company’s current price.
Shares of InterXion Holding NV (NASDAQ:INXN) opened at 25.91 on Wednesday. InterXion Holding NV has a one year low of $20.56 and a one year high of $27.98. The stock’s 50-day moving average is $24.74 and its 200-day moving average is $23.75. The company has a market cap of $1.784 billion and a P/E ratio of 202.25.
InterXion Holding NV (NASDAQ:INXN) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.12 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.12. The company had revenue of $78.20 million for the quarter. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts expect that InterXion Holding NV will post $0.56 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on INXN. Analysts at Zacks upgraded shares of InterXion Holding NV from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 22nd. They now have a $28.90 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of InterXion Holding NV from $27.00 to $31.00 in a research note on Tuesday, April 22nd. Finally, analysts at TheStreet upgraded shares of InterXion Holding NV from a “hold” rating to a “buy” rating in a research note on Friday, April 18th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. InterXion Holding NV currently has an average rating of “Hold” and a consensus price target of $28.53.
InterXion Holding N.V. is a provider of carrier-neutral colocation data center services in Europe. The Company support customers through 33 data centers in 11 countries enabling them to protect, connect, process and distribute their information.
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