Equinix Given Consensus Rating of “Buy” by Analysts (NASDAQ:EQIX)
Shares of Equinix (NASDAQ:EQIX) have received a consensus rating of “Buy” from the fifteen analysts that are presently covering the company, AmericanBankingNews.com reports. Four analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $220.15.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Equinix in a research note on Thursday, July 31st. They now have a $245.00 price target on the stock, up previously from $230.00. Separately, analysts at Raymond James raised their price target on shares of Equinix from $240.00 to $248.00 in a research note on Thursday, July 31st. They now have a “strong-buy” rating on the stock. Finally, analysts at Pacific Crest raised their price target on shares of Equinix from $48.00 to $55.00 in a research note on Thursday, July 31st.
Equinix (NASDAQ:EQIX) traded up 0.37% during mid-day trading on Tuesday, hitting $220.702. The stock had a trading volume of 42,720 shares. Equinix has a 1-year low of $152.82 and a 1-year high of $220.85. The stock has a 50-day moving average of $212.8 and a 200-day moving average of $195.9. The company has a market cap of $11.740 billion and a price-to-earnings ratio of 79.07.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the 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 in the prior year, the company posted ($0.58) earnings per share. The company’s quarterly revenue was up 14.4% on a year-over-year basis. Analysts expect that Equinix will post $2.99 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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