InterXion’s (INXN) “Buy” Rating Reaffirmed at Barclays
InterXion (NYSE:INXN)‘s stock had its “buy” rating reissued by stock analysts at Barclays in a note issued to investors on Friday. They presently have a $72.00 price target on the technology company’s stock. Barclays’ price target would suggest a potential upside of 21.56% from the company’s previous close.
INXN has been the topic of a number of other research reports. BidaskClub lowered shares of InterXion from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Citigroup reiterated an “outperform” rating and set a $68.00 price target (up previously from $62.00) on shares of InterXion in a report on Tuesday, January 9th. Oppenheimer reiterated a “buy” rating and set a $68.00 price target on shares of InterXion in a report on Tuesday, January 9th. Zacks Investment Research upgraded shares of InterXion from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Wednesday, January 3rd. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $62.00 price target (up previously from $54.00) on shares of InterXion in a report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $60.60.
Shares of InterXion (NYSE INXN) opened at $59.23 on Friday. InterXion has a 52-week low of $36.94 and a 52-week high of $60.50. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $4,206.87, a P/E ratio of 95.53, a price-to-earnings-growth ratio of 5.91 and a beta of 0.56.
Hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in InterXion by 30.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 195,274 shares of the technology company’s stock valued at $7,202,000 after buying an additional 45,743 shares during the period. Fred Alger Management Inc. acquired a new position in InterXion in the fourth quarter valued at $8,810,000. Lenox Wealth Management Inc. lifted its holdings in InterXion by 26.9% in the third quarter. Lenox Wealth Management Inc. now owns 12,747 shares of the technology company’s stock valued at $649,000 after buying an additional 2,704 shares during the period. Citadel Advisors LLC increased its stake in InterXion by 26.1% in the third quarter. Citadel Advisors LLC now owns 1,417,849 shares of the technology company’s stock valued at $51,354,000 after purchasing an additional 293,642 shares in the last quarter. Finally, Westpac Banking Corp increased its stake in InterXion by 47.6% in the second quarter. Westpac Banking Corp now owns 149,122 shares of the technology company’s stock valued at $6,827,000 after purchasing an additional 48,121 shares in the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.
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InterXion 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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