InterXion Holding NV (INXN) Raised to Buy at Zacks Investment Research
InterXion Holding NV (NYSE:INXN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage presently has a $40.00 price objective on the stock. Zacks Investment Research’s price objective points to a potential upside of 6.89% from the stock’s current price.
According to Zacks, “Interxion Holding N.V. operates as a provider of carrier-neutral colocation data center services in Europe. The Company’s data centre facilitates processing, storage, sharing and distribution of data, content, applications and media among carriers and customers. Its carrier-neutral colocation services includes space, power, cooling to house its customers’ computing, network, storage and IT infrastructure. Additionally, Interxion also offers network monitoring, remote monitoring of customer equipment, systems management, engineering support services, cross connects, data backup and storage. The Company’s data centres are located in London, Frankfurt, Paris, Amsterdam and Madrid, the main data center markets in Europe. Interxion Holding N.V. is headquartered in Schiphol-Rijk, the Netherlands. “
A number of other research analysts also recently issued reports on the company. Jefferies Group downgraded InterXion Holding NV from a “buy” rating to a “hold” rating in a research note on Monday, June 13th. Wells Fargo & Co. restated a “buy” rating on shares of InterXion Holding NV in a research note on Wednesday, September 28th. Finally, SunTrust Banks Inc. initiated coverage on InterXion Holding NV in a research note on Thursday, July 21st. They issued a “buy” rating and a $45.00 price objective for the company. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. InterXion Holding NV has an average rating of “Buy” and an average target price of $37.09.
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Shares of InterXion Holding NV (NYSE:INXN) traded up 0.94% on Wednesday, reaching $37.42. The company’s stock had a trading volume of 1,283,239 shares. The stock has a market cap of $2.64 billion, a P/E ratio of 56.53 and a beta of 1.09. InterXion Holding NV has a 12 month low of $26.75 and a 12 month high of $38.72. The firm’s 50-day moving average price is $37.01 and its 200-day moving average price is $36.27.
InterXion Holding NV (NYSE:INXN) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.01. The business earned $104.03 million during the quarter, compared to the consensus estimate of $104.18 million. InterXion Holding NV had a net margin of 10.35% and a return on equity of 7.79%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. On average, analysts forecast that InterXion Holding NV will post $0.62 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. First Mercantile Trust Co. bought a new position in shares of InterXion Holding NV during the second quarter valued at approximately $111,000. Glenmede Trust Co. NA bought a new position in shares of InterXion Holding NV during the second quarter valued at approximately $113,000. Advisor Group Inc. bought a new position in shares of InterXion Holding NV during the second quarter valued at approximately $121,000. FineMark National Bank & Trust increased its position in shares of InterXion Holding NV by 0.3% in the second quarter. FineMark National Bank & Trust now owns 4,514 shares of the company’s stock valued at $167,000 after buying an additional 14 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in shares of InterXion Holding NV during the second quarter valued at approximately $174,000. Institutional investors and hedge funds own 85.28% of the company’s stock.
InterXion Holding NV Company Profile
InterXion Holding N.V. is a provider of carrier and cloud neutral colocation data center services in Europe. The Company operates through two segments: France, Germany, The Netherlands and UK, and rest of Europe, which consists of its operations in Austria, Belgium, Denmark, Ireland, Spain, Sweden and Switzerland.
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