Equinix Sets New 52-Week High at $214.50 (EQIX)
Equinix (NASDAQ:EQIX)’s share price reached a new 52-week high on Friday , ARN reports. The company traded as high as $214.50 and last traded at $212.99, with a volume of 425,000 shares traded. The stock had previously closed at $211.82.
Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of Equinix from $225.00 to $240.00 in a research note on Friday, June 27th. They now have a “strong-buy” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Equinix from $210.00 to $225.00 in a research note on Wednesday, June 25th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Equinix in a research note on Friday, May 2nd. They now have a $198.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Equinix currently has a consensus rating of “Buy” and an average price target of $222.25.
The stock’s 50-day moving average is $203.0 and its 200-day moving average is $187.8. The company has a market cap of $10.612 billion and a P/E ratio of 102.63.
Equinix (NASDAQ:EQIX) last released its earnings data on Wednesday, April 30th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.09. The company had revenue of $580.00 million for the quarter, compared to the consensus estimate of $574.85 million. On average, analysts predict that Equinix will post $3.45 earnings per share 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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