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.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $2.24. Equinix had a return on equity of 5.59% and a net margin of 5.58%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $3.95 earnings per share. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. research analysts predict that Equinix will post 16.05 EPS for the current fiscal year.

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.

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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.

Analyst Recommendations for Equinix (NASDAQ:EQIX)

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