InterXion Holding N.V.’s (INXN) Buy Rating Reaffirmed at Stifel Nicolaus
InterXion Holding N.V. (NYSE:INXN)‘s stock had its “buy” rating reiterated by equities research analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday. They currently have a $55.00 price objective on the technology company’s stock. Stifel Nicolaus’ target price points to a potential upside of 9.20% from the company’s previous close.
INXN has been the subject of a number of other research reports. Cowen and Company upgraded shares of InterXion Holding N.V. from a “market perform” rating to an “outperform” rating and increased their price target for the company from $45.00 to $54.00 in a research note on Wednesday, August 2nd. Zacks Investment Research cut shares of InterXion Holding N.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Barclays PLC increased their price target on shares of InterXion Holding N.V. from $45.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. ValuEngine upgraded shares of InterXion Holding N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $50.00 price target (up previously from $48.00) on shares of InterXion Holding N.V. in a research note on Tuesday, May 23rd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. InterXion Holding N.V. currently has an average rating of “Buy” and an average target price of $52.50.
Shares of InterXion Holding N.V. (INXN) traded down 0.46% on Thursday, reaching $50.37. 416,206 shares of the company traded hands. 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 71.75 and a beta of 0.63. InterXion Holding N.V. has a 52-week low of $32.21 and a 52-week high of $52.15.
InterXion Holding N.V. (NYSE:INXN) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The firm had revenue of $120.80 million during the quarter, compared to analyst estimates of $117.13 million. InterXion Holding N.V. had a net margin of 9.25% and a return on equity of 6.85%. The business’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 EPS. On average, analysts expect that InterXion Holding N.V. will post $0.74 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its position in InterXion Holding N.V. by 20.9% during the second quarter. Public Employees Retirement System of Ohio now owns 68,132 shares of the technology company’s stock worth $3,119,000 after acquiring an additional 11,776 shares during the period. State Street Corp increased its position in InterXion Holding N.V. by 8.4% during the second quarter. State Street Corp now owns 432,234 shares of the technology company’s stock worth $19,793,000 after acquiring an additional 33,429 shares during the period. Adelante Capital Management LLC increased its position in InterXion Holding N.V. by 0.5% during the second quarter. Adelante Capital Management LLC now owns 56,120 shares of the technology company’s stock worth $2,569,000 after acquiring an additional 300 shares during the period. Lenox Wealth Management Inc. bought a new position in InterXion Holding N.V. during the second quarter worth about $460,000. Finally, Janus Henderson Group PLC bought a new position in InterXion Holding N.V. during the second quarter worth about $35,699,000. 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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