Equinix, Inc. (NASDAQ:EQIX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Equinix, Inc. (NASDAQ:EQIX) has received an average rating of “Moderate Buy” from the twenty-eight research firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $953.90.

EQIX has been the topic of a number of analyst reports. Daiwa Capital Markets set a $917.00 price objective on Equinix and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. Cowen restated a “buy” rating on shares of Equinix in a research report on Thursday, October 30th. Citigroup reiterated a “buy” rating on shares of Equinix in a research note on Thursday, December 11th. Finally, Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th.

Insider Transactions at Equinix

In related news, insider Kurt Pletcher sold 290 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $731.19, for a total value of $212,045.10. Following the sale, the insider directly owned 2,433 shares in the company, valued at approximately $1,778,985.27. The trade was a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan Lin sold 124 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $731.18, for a total value of $90,666.32. Following the transaction, the insider owned 8,299 shares of the company’s stock, valued at $6,068,062.82. This represents a 1.47% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 8,704 shares of company stock valued at $6,617,748. 0.27% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Davis Selected Advisers raised its stake in Equinix by 39.2% in the third quarter. Davis Selected Advisers now owns 21,803 shares of the financial services provider’s stock worth $17,077,000 after buying an additional 6,140 shares in the last quarter. Allworth Financial LP increased its stake in Equinix by 21.5% during the 3rd quarter. Allworth Financial LP now owns 2,138 shares of the financial services provider’s stock valued at $1,674,000 after purchasing an additional 379 shares in the last quarter. IFP Advisors Inc lifted its position in Equinix by 31.6% during the 3rd quarter. IFP Advisors Inc now owns 567 shares of the financial services provider’s stock worth $471,000 after acquiring an additional 136 shares during the period. Swiss Life Asset Management Ltd raised its position in Equinix by 5.2% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 18,073 shares of the financial services provider’s stock worth $14,155,000 after buying an additional 893 shares during the last quarter. Finally, Groupama Asset Managment lifted its stake in Equinix by 1.2% during the 3rd quarter. Groupama Asset Managment now owns 32,315 shares of the financial services provider’s stock valued at $25,310,000 after acquiring an additional 382 shares during the period. Institutional investors own 94.94% of the company’s stock.

Equinix Trading Down 0.3%

Shares of EQIX stock opened at $764.11 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market cap of $75.03 billion, a price-to-earnings ratio of 69.97, a PEG ratio of 1.47 and a beta of 1.05. Equinix has a 1 year low of $701.41 and a 1 year high of $964.73. The firm has a fifty day moving average price of $773.37 and a 200-day moving average price of $785.99.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, beating the consensus estimate of $9.27 by $0.56. Equinix had a return on equity of 7.70% and a net margin of 11.82%.The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the previous year, the business earned $9.05 earnings per share. Equinix’s quarterly revenue was up 5.2% compared to the same quarter last year. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. As a group, equities analysts predict that Equinix will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th were issued a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, November 19th. Equinix’s dividend payout ratio is 171.79%.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.