InterXion Holding N.V. (NYSE:INXN) Stock Rating Lowered by Zacks Investment Research
InterXion Holding N.V. (NYSE:INXN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.
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. “
INXN has been the topic of several other reports. Stifel Nicolaus restated a “buy” rating and set a $49.00 price objective on shares of InterXion Holding N.V. in a research note on Friday, July 21st. Citigroup Inc. lifted their target price on shares of InterXion Holding N.V. from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Cowen and Company lifted their target price on shares of InterXion Holding N.V. from $38.00 to $45.00 and gave the stock a “market perform” rating in a report on Thursday, May 4th. Oppenheimer Holdings, Inc. lifted their target price on shares of InterXion Holding N.V. from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $50.00 price objective (up previously from $48.00) on shares of InterXion Holding N.V. in a report on Tuesday, May 23rd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. InterXion Holding N.V. currently has a consensus rating of “Buy” and an average price target of $51.13.
InterXion Holding N.V. (INXN) opened at 48.96 on Friday. The firm has a market capitalization of $3.48 billion, a P/E ratio of 71.47 and a beta of 0.63. 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 1-year low of $32.21 and a 1-year high of $49.19.
InterXion Holding N.V. (NYSE:INXN) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, missing the 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 6.85%. The business had revenue of $120.80 million during the quarter, compared to analyst estimates of $117.13 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. On average, equities research analysts anticipate that InterXion Holding N.V. will post $0.75 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of INXN. State Street Corp raised its position in shares of InterXion Holding N.V. by 10.6% in the fourth quarter. State Street Corp now owns 376,926 shares of the technology company’s stock valued at $13,219,000 after buying an additional 36,188 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of InterXion Holding N.V. by 9,563.1% in the first quarter. Nationwide Fund Advisors now owns 50,248 shares of the technology company’s stock valued at $1,988,000 after buying an additional 49,728 shares in the last quarter. Bank of Montreal Can raised 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 valued at $200,000 after buying an additional 354 shares in the last quarter. Mckinley Capital Management LLC Delaware bought a new position in shares of InterXion Holding N.V. during the first quarter valued at about $947,000. Finally, PNC Financial Services Group Inc. raised its position in shares of InterXion Holding N.V. by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 9,235 shares of the technology company’s stock valued at $366,000 after buying an additional 77 shares in the last quarter. 88.75% of the stock is currently owned by institutional investors and hedge funds.
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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