Equinix Reaches New 1-Year High at $219.60 (EQIX)
Equinix (NASDAQ:EQIX)’s share price hit a new 52-week high on Monday , Stock Ratings News reports. The company traded as high as $219.60 and last traded at $217.38, with a volume of 638,242 shares. The stock had previously closed at $218.01.
A number of analysts have recently weighed in on EQIX shares. Analysts at Zacks reiterated a “neutral” rating on shares of Equinix in a research note on Friday. They now have a $228.00 price target on the stock. Separately, analysts at Barclays initiated coverage on shares of Equinix in a research note on Thursday. They set an “equal weight” rating and a $220.00 price target on the stock. Finally, 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. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $221.20.
The stock’s 50-day moving average is $209.4 and its 200-day moving average is $192.0. The company has a market cap of $10.828 billion and a P/E ratio of 105.62.
Equinix (NASDAQ:EQIX) last released its earnings data on Wednesday, April 30th. The company reported $0.81 earnings per share for the quarter, beating the analysts’ 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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