Switch (SWCH) Given a $22.00 Price Target by Credit Suisse Group Analysts

Switch (NYSE:SWCH) has been assigned a $22.00 price target by equities research analysts at Credit Suisse Group in a report issued on Saturday. The firm currently has a “buy” rating on the stock. Credit Suisse Group’s price objective would suggest a potential upside of 28.65% from the company’s current price.

SWCH has been the topic of a number of other reports. Raymond James Financial assumed coverage on Switch in a research report on Tuesday, October 31st. They set a “market perform” rating on the stock. Goldman Sachs Group assumed coverage on Switch in a research report on Tuesday, October 31st. They set a “neutral” rating on the stock. Citigroup assumed coverage on Switch in a research report on Tuesday, October 31st. They set a “neutral” rating and a $22.00 target price on the stock. J P Morgan Chase & Co assumed coverage on Switch in a research report on Tuesday, October 31st. They set an “overweight” rating and a $22.00 target price on the stock. Finally, BMO Capital Markets assumed coverage on Switch in a research report on Tuesday, October 31st. They set an “outperform” rating and a $23.00 target price on the stock. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $22.20.

Switch (SWCH) traded up $0.40 on Friday, hitting $17.10. The stock had a trading volume of 3,956,188 shares, compared to its average volume of 848,393. Switch has a 12 month low of $15.77 and a 12 month high of $24.90. The company has a debt-to-equity ratio of 5.18, a quick ratio of 0.34 and a current ratio of 0.34.

Switch (NYSE:SWCH) last announced its earnings results on Monday, November 13th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $97.70 million for the quarter, compared to analyst estimates of $95.81 million. The firm’s revenue was up 19.6% compared to the same quarter last year. research analysts forecast that Switch will post 0.02 EPS for the current year.

In other Switch news, insider Erin Thomas Morton purchased 300,000 shares of the stock in a transaction dated Wednesday, October 11th. The shares were acquired at an average price of $17.00 per share, for a total transaction of $5,100,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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Switch Company Profile

Switch, Inc is a technology infrastructure company. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services, and content ecosystems. The Company designs, constructs and operates hyperscale data centers that address the growing challenges facing the data center industry.

Analyst Recommendations for Switch (NYSE:SWCH)



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