Equinix, Inc. (NASDAQ:EQIX)‘s stock had its “buy” rating reaffirmed by stock analysts at Cowen and Company in a report released on Friday.

Other research analysts have also issued reports about the company. Macquarie reiterated an “outperform” rating and issued a $450.00 price objective on shares of Equinix in a research report on Tuesday, July 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $410.00 price objective on shares of Equinix in a research report on Tuesday, July 4th. Royal Bank Of Canada reiterated a “buy” rating and issued a $470.00 price objective on shares of Equinix in a research report on Sunday, July 9th. Credit Suisse Group began coverage on Equinix in a research report on Friday, June 30th. They issued an “outperform” rating and a $510.00 price objective on the stock. Finally, BidaskClub lowered Equinix from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Equinix currently has an average rating of “Buy” and an average target price of $455.89.

Shares of Equinix (NASDAQ:EQIX) traded up 0.05% on Friday, reaching $441.44. The company’s stock had a trading volume of 514,761 shares. Equinix has a 52 week low of $314.55 and a 52 week high of $447.26. The firm has a market cap of $34.39 billion, a price-to-earnings ratio of 159.02 and a beta of 0.59.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $4.14 EPS for the quarter, topping the Zacks’ consensus estimate of $3.20 by $0.94. The business had revenue of $949.53 million for the quarter, compared to analyst estimates of $946.89 million. Equinix had a return on equity of 5.88% and a net margin of 5.38%. Equinix’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.68 EPS. Equities research analysts predict that Equinix will post $4.50 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.americanbankingnews.com/2017/07/21/equinix-inc-nasdaqeqix-receives-buy-rating-from-cowen-and-company.html.

In related news, CEO Stephen M. Smith sold 5,348 shares of Equinix stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $432.60, for a total transaction of $2,313,544.80. Following the completion of the transaction, the chief executive officer now owns 18,967 shares in the company, valued at $8,205,124.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Charles J. Meyers sold 154 shares of Equinix stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $426.66, for a total value of $65,705.64. Following the transaction, the chief operating officer now owns 183 shares of the company’s stock, valued at approximately $78,078.78. The disclosure for this sale can be found here. Insiders sold a total of 17,853 shares of company stock valued at $7,787,982 in the last 90 days. 0.58% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of EQIX. BlackRock Inc. boosted its position in Equinix by 3,737.0% in the first quarter. BlackRock Inc. now owns 6,295,590 shares of the financial services provider’s stock worth $2,520,566,000 after buying an additional 6,131,516 shares during the last quarter. Vanguard Group Inc. boosted its position in Equinix by 9.9% in the first quarter. Vanguard Group Inc. now owns 13,186,442 shares of the financial services provider’s stock worth $5,279,456,000 after buying an additional 1,192,961 shares during the last quarter. Bank of Montreal Can boosted its position in Equinix by 398.9% in the first quarter. Bank of Montreal Can now owns 443,878 shares of the financial services provider’s stock worth $177,716,000 after buying an additional 354,909 shares during the last quarter. Nuveen Asset Management LLC boosted its position in Equinix by 64.8% in the first quarter. Nuveen Asset Management LLC now owns 672,053 shares of the financial services provider’s stock worth $269,070,000 after buying an additional 264,226 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Equinix by 840.2% in the first quarter. Canada Pension Plan Investment Board now owns 213,050 shares of the financial services provider’s stock worth $85,299,000 after buying an additional 190,391 shares during the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

About Equinix

Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.

Analyst Recommendations for Equinix (NASDAQ:EQIX)

Receive News & Ratings for Equinix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.