InterXion Holding N.V. (INXN) Downgraded by BidaskClub to “Buy”
InterXion Holding N.V. (NYSE:INXN) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.
Other analysts also recently issued research reports about the company. Cowen and Company upgraded InterXion Holding N.V. from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $45.00 to $54.00 in a research report on Tuesday, August 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $50.00 target price (up previously from $48.00) on shares of InterXion Holding N.V. in a research report on Tuesday, May 23rd. Barclays PLC boosted their target price on InterXion Holding N.V. from $45.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, August 7th. Stifel Nicolaus restated a “buy” rating and issued a $49.00 target price on shares of InterXion Holding N.V. in a research report on Friday, July 21st. Finally, Citigroup Inc. boosted their target price on InterXion Holding N.V. from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $52.50.
InterXion Holding N.V. (INXN) traded down 0.40% during mid-day trading on Thursday, reaching $50.40. 148,851 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $49.63 and a 200-day moving average of $44.31. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 71.79 and a beta of 0.63. InterXion Holding N.V. has a one year low of $32.21 and a one year high of $52.15.
InterXion Holding N.V. (NYSE:INXN) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). The firm had revenue of $120.80 million during the quarter, compared to the consensus estimate of $117.13 million. InterXion Holding N.V. had a return on equity of 6.85% and a net margin of 9.25%. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. On average, equities research analysts anticipate that InterXion Holding N.V. will post $0.74 earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in INXN. Franklin Resources Inc. bought a new stake in InterXion Holding N.V. in the second quarter valued at approximately $72,151,000. Frontier Capital Management Co. LLC bought a new stake in InterXion Holding N.V. in the second quarter valued at approximately $54,874,000. Janus Henderson Group PLC bought a new stake in InterXion Holding N.V. in the second quarter valued at approximately $35,699,000. Great West Life Assurance Co. Can bought a new stake in InterXion Holding N.V. in the second quarter valued at approximately $30,614,000. Finally, Soros Fund Management LLC bought a new stake in InterXion Holding N.V. in the first quarter valued at approximately $13,846,000. Hedge funds and other institutional investors own 88.38% of the company’s stock.
About InterXion Holding N.V.
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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