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

Equinix, Inc. (NASDAQ:EQIX) has been given an average rating of “Moderate Buy” by the twenty-six analysts that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $1,151.6667.

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Oppenheimer reissued an “outperform” rating and set a $1,200.00 price objective on shares of Equinix in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $1,207.00 price objective on shares of Equinix in a report on Tuesday, May 5th. Truist Financial set a $1,215.00 price objective on Equinix in a report on Friday, May 1st. Finally, Scotiabank raised their target price on shares of Equinix from $1,050.00 to $1,120.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th.

Equinix Stock Up 0.3%

Equinix stock opened at $1,091.30 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. Equinix has a twelve month low of $720.62 and a twelve month high of $1,128.68. The firm’s 50 day moving average price is $1,079.57 and its two-hundred day moving average price is $948.17. The firm has a market cap of $107.62 billion, a PE ratio of 75.52, a P/E/G ratio of 2.03 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last issued its earnings results 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 return on equity of 10.03% and a net margin of 15.07%.The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the firm posted $9.67 EPS. The business’s 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. On average, research analysts predict that Equinix will post 38.26 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th were issued a $5.16 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. Equinix’s dividend payout ratio (DPR) is 142.84%.

Insiders Place Their Bets

In other Equinix news, Chairman Charles J. Meyers sold 5,224 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the sale, the chairman owned 7,370 shares of the company’s stock, valued at $7,998,145.10. This trade represents a 41.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher B. Paisley sold 125 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the completion of the sale, the director owned 17,557 shares in the company, valued at $18,615,511.53. This represents a 0.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 11,539 shares of company stock worth $12,455,054. Corporate insiders own 0.27% of the company’s stock.

Institutional Trading of Equinix

Several institutional investors have recently modified their holdings of EQIX. Western Wealth Management LLC boosted its position in shares of Equinix by 15.9% during the 1st quarter. Western Wealth Management LLC now owns 1,645 shares of the financial services provider’s stock valued at $1,612,000 after acquiring an additional 226 shares in the last quarter. Parallel Advisors LLC boosted its stake in Equinix by 31.8% in the 1st quarter. Parallel Advisors LLC now owns 1,090 shares of the financial services provider’s stock valued at $1,069,000 after buying an additional 263 shares in the last quarter. Caerus Investment Advisors LLC boosted its stake in 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 buying an additional 105 shares in the last quarter. Keel Point LLC acquired a new stake in Equinix in the 1st quarter valued at $231,000. Finally, Alpine Woods Capital Investors LLC boosted its stake in 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 buying an additional 1,385 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

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.