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

Shares of Equinix, Inc. (NASDAQ:EQIXGet Rating) have earned an average rating of “Moderate Buy” from the twenty-one analysts that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $818.75.

EQIX has been the subject of a number of research analyst reports. Wells Fargo & Company cut their target price on shares of Equinix from $775.00 to $760.00 and set an “overweight” rating for the company in a research report on Monday, July 25th. Oppenheimer raised shares of Equinix from a “market perform” rating to an “outperform” rating and set a $750.00 target price for the company in a research report on Thursday, July 28th. Barclays cut their target price on shares of Equinix from $823.00 to $822.00 and set an “overweight” rating for the company in a research report on Thursday, August 18th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Equinix from $785.00 to $750.00 in a research report on Thursday, July 28th. Finally, Jefferies Financial Group raised shares of Equinix from a “hold” rating to a “buy” rating and boosted their target price for the stock from $750.00 to $790.00 in a research report on Thursday, June 30th.

Insider Activity at Equinix

In related news, CEO Charles J. Meyers sold 377 shares of the company’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $650.00, for a total value of $245,050.00. Following the sale, the chief executive officer now owns 7,439 shares of the company’s stock, valued at $4,835,350. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Equinix news, CEO Charles J. Meyers sold 377 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $650.00, for a total value of $245,050.00. Following the transaction, the chief executive officer now directly owns 7,439 shares in the company, valued at $4,835,350. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Brandi Galvin Morandi sold 3,356 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $710.15, for a total transaction of $2,383,263.40. Following the completion of the transaction, the insider now owns 17,284 shares in the company, valued at $12,274,232.60. The disclosure for this sale can be found here. Insiders have sold a total of 4,808 shares of company stock valued at $3,394,370 over the last quarter. 0.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On Equinix

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new position in Equinix in the second quarter valued at about $25,000. HHM Wealth Advisors LLC acquired a new position in shares of Equinix during the first quarter worth approximately $32,000. Heritage Financial Services LLC acquired a new position in shares of Equinix during the second quarter worth approximately $28,000. Financial Management Professionals Inc. lifted its position in shares of Equinix by 300.0% during the first quarter. Financial Management Professionals Inc. now owns 48 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 36 shares in the last quarter. Finally, Vigilant Capital Management LLC acquired a new position in shares of Equinix during the second quarter worth approximately $32,000. 93.82% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Up 0.6 %

EQIX stock opened at $620.20 on Thursday. The firm has a market cap of $56.48 billion, a PE ratio of 88.22, a PEG ratio of 2.67 and a beta of 0.49. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.38. Equinix has a 1 year low of $606.12 and a 1 year high of $868.82. The company has a fifty day simple moving average of $663.41 and a 200 day simple moving average of $683.19.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Investors of record on Wednesday, August 17th were paid a $3.10 dividend. The ex-dividend date was Tuesday, August 16th. This represents a $12.40 dividend on an annualized basis and a yield of 2.00%. Equinix’s payout ratio is currently 176.39%.

Equinix Company Profile

(Get Rating)

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.

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Analyst Recommendations for Equinix (NASDAQ:EQIX)

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