InterXion Holding N.V. (NYSE:INXN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The brokerage currently has a $55.00 target price on the technology company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 12.34% from the stock’s current price.

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. “

Several other equities analysts also recently commented on the stock. Stifel Nicolaus restated a “buy” rating and issued a $55.00 price target (up from $49.00) on shares of InterXion Holding N.V. in a research note on Thursday. Oppenheimer Holdings, Inc. upped their price target on shares of InterXion Holding N.V. from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday. Cowen and Company upgraded shares of InterXion Holding N.V. from a “market perform” rating to an “outperform” rating and upped their price target for the company from $45.00 to $54.00 in a research note on Wednesday. Citigroup Inc. upped their price target on shares of InterXion Holding N.V. from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, June 6th. Finally, ValuEngine upgraded shares of InterXion Holding N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $51.13.

InterXion Holding N.V. (INXN) opened at 48.96 on Thursday. The company’s 50-day moving average is $45.82 and its 200 day moving average is $41.90. The company has a market capitalization of $3.53 billion, a P/E ratio of 74.18 and a beta of 0.63. InterXion Holding N.V. has a one year low of $32.21 and a one year high of $49.19.

InterXion Holding N.V. (NYSE:INXN) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.01. InterXion Holding N.V. had a net margin of 9.25% and a return on equity of 6.93%. The business had revenue of $120.80 million during the quarter, compared to analyst estimates of $117.13 million. During the same quarter last year, the company posted $0.13 earnings per share. The company’s revenue was up 16.2% on a year-over-year basis. Analysts predict that InterXion Holding N.V. will post $0.75 EPS for the current year.

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A number of large investors have recently made changes to their positions in the company. SpiderRock Advisors LLC increased its stake in shares of InterXion Holding N.V. by 259.2% in the second quarter. SpiderRock Advisors LLC now owns 2,687 shares of the technology company’s stock worth $123,000 after buying an additional 1,939 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of InterXion Holding N.V. during the first quarter worth about $110,000. BNP Paribas Arbitrage SA increased its stake in shares of InterXion Holding N.V. by 6.8% in the first quarter. BNP Paribas Arbitrage SA now owns 3,950 shares of the technology company’s stock worth $156,000 after buying an additional 250 shares during the last quarter. FineMark National Bank & Trust purchased a new stake in shares of InterXion Holding N.V. during the second quarter worth about $206,000. Finally, Bank of Montreal Can increased its stake in shares of InterXion Holding N.V. by 7.5% in the first quarter. Bank of Montreal Can now owns 5,064 shares of the technology company’s stock worth $200,000 after buying an additional 354 shares during the last quarter. Hedge funds and other institutional investors own 88.75% of the company’s stock.

InterXion Holding N.V. Company Profile

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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Analyst Recommendations for InterXion Holding N.V. (NYSE:INXN)

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