Equinix Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:EQIX)
Equinix (NASDAQ:EQIX) has been given an average rating of “Buy” by the fifteen ratings firms that are covering the company, Stock Ratings Network reports. Four analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $220.15.
Shares of Equinix (NASDAQ:EQIX) opened at 222.80 on Tuesday. Equinix has a 1-year low of $152.82 and a 1-year high of $224.48. The stock has a 50-day moving average of $213. and a 200-day moving average of $196.9. The company has a market cap of $11.852 billion and a price-to-earnings ratio of 80.40.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters 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 previous year, the company posted ($0.58) earnings per share. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. Analysts expect that Equinix will post $2.99 EPS for the current fiscal year.
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, Inc (NASDAQ:EQIX) connects businesses with partners and customers worldwide through a global platform of data centers.
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