Equinix, Inc. (NASDAQ:EQIX) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Equinix, Inc. (NASDAQ:EQIX) have earned a consensus recommendation of “Moderate Buy” from the twenty-nine ratings firms that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $1,143.60.

Several equities analysts have weighed in on the stock. Stifel Nicolaus set a $1,075.00 price objective on shares of Equinix in a research report on Thursday, February 12th. Scotiabank boosted their price target on shares of Equinix from $1,050.00 to $1,120.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Barclays boosted their price target on shares of Equinix from $1,020.00 to $1,109.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. HSBC boosted their price target on shares of Equinix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Monday, April 27th. Finally, TD Cowen boosted their price target on shares of Equinix from $1,123.00 to $1,143.00 and gave the company a “buy” rating in a report on Thursday, April 30th.

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 630 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $961.19, for a total transaction of $605,549.70. Following the transaction, the insider directly owned 10,394 shares in the company, valued at $9,990,608.86. The trade was a 5.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Adaire Fox-Martin sold 1,086 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $966.20, for a total transaction of $1,049,293.20. Following the transaction, the chief executive officer owned 19,574 shares in the company, valued at approximately $18,912,398.80. This represents a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,053 shares of company stock worth $11,569,731 over the last 90 days. 0.27% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Equinix

Several institutional investors and hedge funds have recently modified their holdings of the business. Caerus Investment Advisors LLC lifted its stake in shares of Equinix by 15.0% in the 1st quarter. Caerus Investment Advisors LLC now owns 806 shares of the financial services provider’s stock valued at $790,000 after purchasing an additional 105 shares during the last quarter. Keel Point LLC acquired a new stake in shares of Equinix in the 1st quarter valued at $231,000. Alpine Woods Capital Investors LLC lifted its stake in shares of Equinix by 26.0% in the 1st quarter. Alpine Woods Capital Investors LLC now owns 6,710 shares of the financial services provider’s stock valued at $6,577,000 after purchasing an additional 1,385 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in shares of Equinix by 2.7% in the 1st quarter. Glenmede Trust Co. NA now owns 12,999 shares of the financial services provider’s stock valued at $12,742,000 after purchasing an additional 339 shares during the last quarter. Finally, Groupama Asset Managment lifted its stake in shares of Equinix by 3.3% in the 1st quarter. Groupama Asset Managment now owns 35,007 shares of the financial services provider’s stock valued at $34,315,000 after purchasing an additional 1,122 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Trading Up 2.0%

NASDAQ EQIX opened at $1,071.80 on Wednesday. Equinix has a twelve month low of $710.52 and a twelve month high of $1,128.68. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $105.70 billion, a price-to-earnings ratio of 74.17, a PEG ratio of 1.98 and a beta of 0.99. The firm’s 50 day moving average price is $1,049.12 and its two-hundred day moving average price is $906.40.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping the consensus estimate of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the company posted $9.67 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities analysts anticipate that Equinix will post 37.72 EPS for the current year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix’s payout ratio is currently 142.84%.

About Equinix

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.