Equinix Receives Average Rating of “Buy” from Brokerages (NASDAQ:EQIX)
Shares of Equinix (NASDAQ:EQIX) have received an average recommendation of “Buy” from the fifteen brokerages that are covering the stock, Stock Ratings News reports. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $222.25.
EQIX has been the subject of a number of recent research reports. 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.
Shares of Equinix (NASDAQ:EQIX) opened at 211.41 on Tuesday. Equinix has a 52-week low of $152.82 and a 52-week high of $214.50. The stock has a 50-day moving average of $205.6 and a 200-day moving average of $189.5. The company has a market cap of $10.533 billion and a price-to-earnings ratio of 102.48.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Equinix will post $3.50 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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