Equinix PT Raised to $250.00 at Nomura (EQIX)
Analysts at Nomura lifted their price target on shares of Equinix (NASDAQ:EQIX) from $220.00 to $250.00 in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock. Nomura’s price target points to a potential upside of 18.27% from the company’s current price.
Equinix (NASDAQ:EQIX) traded down 1.46% on Thursday, hitting $211.38. The stock had a trading volume of 617,837 shares. Equinix has a 52 week low of $152.82 and a 52 week high of $220.85. The stock’s 50-day moving average is $211. and its 200-day moving average is $193.3. The company has a market cap of $10.851 billion and a price-to-earnings ratio of 77.14.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.81 by $0.59. The company had revenue of $605.16 million for the quarter, compared to the consensus estimate of $595.91 million. During the same quarter last year, the company posted ($0.58) earnings per share. Equinix’s revenue was up 14.4% compared to the same quarter last year. Analysts expect that Equinix will post $2.98 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on EQIX. Analysts at Canaccord Genuity raised their price target on shares of Equinix from $240.00 to $259.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Equinix from $215.00 to $245.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Stephens downgraded shares of Equinix from an “overweight” rating to an “equal weight” rating in a research note on Thursday. They now have a $252.00 price target on the stock, up previously from $222.00. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $220.15.
Equinix, Inc (NASDAQ:EQIX) connects businesses with partners and customers worldwide through a global platform of data centers.
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