SunTrust Banks, Inc. Reaffirms Buy Rating for InterXion Holding NV (INXN)
InterXion Holding NV (NYSE:INXN)‘s stock had its “buy” rating reaffirmed by SunTrust Banks, Inc. in a research note issued on Thursday. They presently have a $57.00 price objective on the technology company’s stock. SunTrust Banks, Inc.’s price objective suggests a potential upside of 9.09% from the company’s previous close.
A number of other research analysts also recently issued reports on INXN. Stifel Nicolaus reiterated a “buy” rating and issued a $49.00 price target on shares of InterXion Holding NV in a research note on Friday, July 21st. Zacks Investment Research downgraded shares of InterXion Holding NV from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Cowen and Company upgraded shares of InterXion Holding NV from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $45.00 to $54.00 in a research note on Wednesday, August 2nd. Oppenheimer Holdings, Inc. lifted their price target on shares of InterXion Holding NV from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Finally, Barclays PLC lifted their price target on shares of InterXion Holding NV from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, August 7th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $53.22.
InterXion Holding NV (INXN) traded up 0.25% during midday trading on Thursday, reaching $52.25. 159,371 shares of the company were exchanged. InterXion Holding NV has a 52 week low of $32.21 and a 52 week high of $52.63. The firm has a 50-day moving average price of $50.73 and a 200-day moving average price of $46.04. The company has a market capitalization of $3.60 billion, a PE ratio of 74.11 and a beta of 0.57.
InterXion Holding NV (NYSE:INXN) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). InterXion Holding NV had a return on equity of 7.29% and a net margin of 8.56%. The firm had revenue of $120.80 million during the quarter, compared to analysts’ expectations of $117.13 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s revenue was up 16.2% compared to the same quarter last year. Equities research analysts anticipate that InterXion Holding NV will post $0.73 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in INXN. Norges Bank purchased a new stake in InterXion Holding NV in the 4th quarter valued at $74,188,000. Franklin Resources Inc. purchased a new stake in InterXion Holding NV in the 2nd quarter valued at $72,151,000. Victory Capital Management Inc. purchased a new stake in InterXion Holding NV in the 3rd quarter valued at $46,294,000. Frontier Capital Management Co. LLC purchased a new stake in InterXion Holding NV in the 2nd quarter valued at $54,874,000. Finally, Citadel Advisors LLC purchased a new stake in InterXion Holding NV in the 4th quarter valued at $28,688,000. Hedge funds and other institutional investors own 88.54% 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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