InterXion Holding NV (INXN) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of InterXion Holding NV (NYSE:INXN) from a hold rating to a buy rating in a research report report published on Wednesday morning. Zacks Investment Research currently has $40.00 price target on the stock.
According to Zacks, “Interxion Holding N.V. operates as a provider of carrier-neutral colocation data center services in Europe. The Company’s data centre facilitates processing, storage, sharing and distribution of data, content, applications and media among carriers and customers. Its carrier-neutral colocation services includes space, power, cooling to house its customers’ computing, network, storage and IT infrastructure. Additionally, Interxion also offers network monitoring, remote monitoring of customer equipment, systems management, engineering support services, cross connects, data backup and storage. The Company’s data centres are located in London, Frankfurt, Paris, Amsterdam and Madrid, the main data center markets in Europe. Interxion Holding N.V. is headquartered in Schiphol-Rijk, the Netherlands. “
A number of other research analysts also recently commented on INXN. Jefferies Group downgraded InterXion Holding NV from a buy rating to a hold rating in a research note on Monday, June 13th. SunTrust Banks Inc. started coverage on InterXion Holding NV in a research note on Thursday, July 21st. They issued a buy rating and a $45.00 price target for the company. Finally, Wells Fargo & Co. reaffirmed a buy rating on shares of InterXion Holding NV in a research note on Wednesday, September 28th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. InterXion Holding NV presently has a consensus rating of Buy and an average target price of $37.09.
InterXion Holding NV (NYSE:INXN) opened at 37.77 on Wednesday. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 57.14 and a beta of 1.09. InterXion Holding NV has a 52 week low of $26.75 and a 52 week high of $38.72. The stock has a 50 day moving average of $37.03 and a 200 day moving average of $36.34.
InterXion Holding NV (NYSE:INXN) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.01. The company earned $104.03 million during the quarter, compared to analyst estimates of $104.18 million. InterXion Holding NV had a net margin of 10.35% and a return on equity of 7.79%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. Equities research analysts predict that InterXion Holding NV will post $0.62 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in InterXion Holding NV by 22.5% in the second quarter. Principal Financial Group Inc. now owns 2,589,492 shares of the company’s stock valued at $95,500,000 after buying an additional 475,235 shares during the period. Artisan Partners Limited Partnership purchased a new stake in InterXion Holding NV during the second quarter valued at $50,851,000. Heitman Real Estate Securities LLC boosted its stake in InterXion Holding NV by 22.4% in the first quarter. Heitman Real Estate Securities LLC now owns 1,259,752 shares of the company’s stock valued at $43,562,000 after buying an additional 230,952 shares during the period. RS Investment Management Co. LLC boosted its stake in InterXion Holding NV by 54.2% in the second quarter. RS Investment Management Co. LLC now owns 1,097,928 shares of the company’s stock valued at $40,492,000 after buying an additional 385,898 shares during the period. Finally, Rockefeller Financial Services Inc. boosted its stake in InterXion Holding NV by 0.4% in the second quarter. Rockefeller Financial Services Inc. now owns 1,023,617 shares of the company’s stock valued at $37,751,000 after buying an additional 3,852 shares during the period. 85.28% of the stock is owned by hedge funds and other institutional investors.
About InterXion Holding NV
InterXion Holding N.V. is a provider of carrier and cloud neutral colocation data center services in Europe. The Company operates through two segments: France, Germany, The Netherlands and UK, and rest of Europe, which consists of its operations in Austria, Belgium, Denmark, Ireland, Spain, Sweden and Switzerland.
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