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

Shares of Equinix, Inc. (NASDAQ:EQIX) have been given a consensus rating of “Moderate Buy” by the twenty-eight research firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, eighteen have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $953.90.

A number of research firms have commented on EQIX. Daiwa Capital Markets set a $917.00 price target on Equinix and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Cowen restated a “buy” rating on shares of Equinix in a report on Thursday, October 30th. Zacks Research cut shares of Equinix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. The Goldman Sachs Group lowered shares of Equinix from a “buy” rating to a “neutral” rating and set a $795.00 target price on the stock. in a research note on Thursday, December 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th.

Equinix Stock Performance

Shares of EQIX stock opened at $764.11 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.62 and a current ratio of 1.62. Equinix has a fifty-two week low of $701.41 and a fifty-two week high of $964.73. The company has a market capitalization of $75.03 billion, a P/E ratio of 69.97, a PEG ratio of 1.47 and a beta of 1.05. The stock has a 50 day moving average price of $773.37 and a two-hundred day moving average price of $785.99.

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

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were given a $4.69 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $18.76 annualized dividend and a dividend yield of 2.5%. Equinix’s dividend payout ratio is currently 171.79%.

Insider Buying and Selling

In other Equinix news, insider Jonathan Lin sold 124 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $731.18, for a total value of $90,666.32. Following the sale, the insider owned 8,299 shares in the company, valued at approximately $6,068,062.82. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adaire Fox-Martin sold 2,894 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $731.09, for a total transaction of $2,115,774.46. Following the transaction, the chief executive officer directly owned 12,366 shares of the company’s stock, valued at $9,040,658.94. This represents a 18.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,704 shares of company stock worth $6,617,748 over the last quarter. Company insiders own 0.27% of the company’s stock.

Institutional Trading of Equinix

Several hedge funds and other institutional investors have recently made changes to their positions in EQIX. Valeo Financial Advisors LLC lifted its holdings in shares of Equinix by 298,148.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock valued at $6,488,728,000 after buying an additional 8,154,365 shares during the period. Norges Bank bought a new position in Equinix in the second quarter valued at about $892,431,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Equinix by 408.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock worth $929,312,000 after purchasing an additional 953,001 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Equinix by 25.8% in the third quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock worth $2,252,094,000 after purchasing an additional 588,967 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Equinix by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 13,129,041 shares of the financial services provider’s stock valued at $10,443,758,000 after purchasing an additional 222,221 shares during the period. Hedge funds and other institutional investors 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.