Equinix (NASDAQ:EQIX)‘s stock had its “buy” rating reissued by equities research analysts at Barclays in a research note issued to investors on Friday. They currently have a $517.00 price target on the financial services provider’s stock. Barclays’ price objective would suggest a potential upside of 18.18% from the stock’s current price.
EQIX has been the topic of several other reports. Credit Suisse Group set a $524.00 target price on Equinix and gave the stock an “outperform” rating in a report on Wednesday. Oppenheimer upped their price objective on Equinix from $472.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. BidaskClub downgraded Equinix from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Berenberg Bank assumed coverage on Equinix in a report on Tuesday, September 26th. They set a “buy” rating and a $550.00 price objective on the stock. Finally, Citigroup upped their price objective on Equinix from $518.00 to $530.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $504.00.
Equinix (NASDAQ EQIX) opened at $437.45 on Friday. Equinix has a 12 month low of $361.90 and a 12 month high of $495.35. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.11 and a quick ratio of 2.11. The company has a market capitalization of $34,570.00, a PE ratio of 142.03, a PEG ratio of 1.53 and a beta of 0.46.
In other Equinix news, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $455.42, for a total transaction of $683,130.00. Following the completion of the sale, the chief financial officer now owns 29,596 shares in the company, valued at approximately $13,478,610.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 593 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $484.99, for a total transaction of $287,599.07. The disclosure for this sale can be found here. Insiders have sold a total of 23,110 shares of company stock valued at $10,382,238 in the last quarter. Corporate insiders own 0.58% of the company’s stock.
Several institutional investors have recently modified their holdings of EQIX. Benjamin F. Edwards & Company bought a new stake in shares of Equinix in the 4th quarter valued at $0. Point72 Asia Hong Kong Ltd increased its position in shares of Equinix by 47.4% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 252 shares of the financial services provider’s stock valued at $101,000 after buying an additional 81 shares in the last quarter. IFP Advisors Inc increased its position in shares of Equinix by 0.6% in the 1st quarter. IFP Advisors Inc now owns 310 shares of the financial services provider’s stock valued at $103,000 after buying an additional 2 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Equinix in the 2nd quarter valued at $104,000. Finally, Proficio Capital Partners LLC increased its position in shares of Equinix by 1,033.3% in the 1st quarter. Proficio Capital Partners LLC now owns 238 shares of the financial services provider’s stock valued at $105,000 after buying an additional 217 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.
Equinix Company Profile
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.
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