InterXion Holding N.V. (INXN) Raised to Outperform at Cowen and Company
Cowen and Company upgraded shares of InterXion Holding N.V. (NYSE:INXN) from a market perform rating to an outperform rating in a research note published on Wednesday morning, MarketBeat Ratings reports. The firm currently has $54.00 target price on the technology company’s stock, up from their previous target price of $45.00.
“Quarterly results were solid and we believe the company is well positioned to continue to capitalize on the strong secular tailwinds in the data center sector that we anticipate should continue to drive our PT higher,,” the firm’s analyst commented.
A number of other brokerages have also commented on INXN. Stifel Nicolaus reiterated a buy rating and issued a $49.00 target price on shares of InterXion Holding N.V. in a research report on Friday, July 21st. Zacks Investment Research upgraded InterXion Holding N.V. from a hold rating to a buy rating and set a $49.00 target price on the stock in a research report on Thursday, June 15th. Citigroup Inc. upped their target price on InterXion Holding N.V. from $44.00 to $46.00 and gave the company a buy rating in a research report on Tuesday, April 25th. Royal Bank Of Canada reissued an outperform rating and issued a $50.00 price target (up from $48.00) on shares of InterXion Holding N.V. in a report on Tuesday, May 23rd. Finally, ValuEngine raised InterXion Holding N.V. from a sell rating to a hold rating in a report on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $51.13.
Shares of InterXion Holding N.V. (INXN) traded down 0.31% during trading on Wednesday, hitting $48.96. 174,129 shares of the stock traded hands. The stock has a 50 day moving average of $45.82 and a 200 day moving average of $41.90. InterXion Holding N.V. has a 52-week low of $32.21 and a 52-week high of $49.19. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 71.47 and a beta of 0.63.
InterXion Holding N.V. (NYSE:INXN) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. The firm had revenue of $120.80 million during the quarter, compared to analysts’ expectations of $117.13 million. InterXion Holding N.V. had a net margin of 9.25% and a return on equity of 6.85%. InterXion Holding N.V.’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. Analysts expect that InterXion Holding N.V. will post $0.75 EPS for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. bought a new position in shares of InterXion Holding N.V. during the first quarter worth about $110,000. SpiderRock Advisors LLC increased its position 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. BNP Paribas Arbitrage SA increased its position 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. Bank of Montreal Can increased its position 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. Finally, FineMark National Bank & Trust bought a new position in shares of InterXion Holding N.V. during the second quarter worth about $206,000. 88.75% of the stock is owned by institutional investors.
About InterXion Holding N.V.
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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