InterXion Holding N.V. (NYSE:INXN) Given New $56.00 Price Target at Barclays PLC
InterXion Holding N.V. (NYSE:INXN) had its price objective upped by Barclays PLC from $45.00 to $56.00 in a research report released on Monday morning. Barclays PLC currently has an overweight rating on the technology company’s stock.
INXN has been the subject of a number of other research reports. Royal Bank Of Canada restated a buy rating and issued a $45.00 price target on shares of InterXion Holding N.V. in a report on Friday, April 21st. Stifel Nicolaus restated a buy rating on shares of InterXion Holding N.V. in a report on Tuesday, April 25th. Cowen and Company upgraded InterXion Holding N.V. from a market perform rating to an outperform rating and upped their price target for the stock from $45.00 to $54.00 in a report on Wednesday, August 2nd. Zacks Investment Research cut InterXion Holding N.V. from a buy rating to a hold rating in a report on Tuesday, July 25th. Finally, ValuEngine upgraded InterXion Holding N.V. from a sell rating to a hold rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $52.50.
Shares of InterXion Holding N.V. (INXN) traded up 0.49% on Monday, reaching $48.87. 28,864 shares of the company were exchanged. The company has a 50-day moving average price of $45.82 and a 200 day moving average price of $41.90. InterXion Holding N.V. has a 1-year low of $32.21 and a 1-year high of $48.90. The stock has a market capitalization of $3.47 billion, a PE ratio of 71.34 and a beta of 0.63.
InterXion Holding N.V. (NYSE:INXN) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. The company had revenue of $120.80 million during the quarter, compared to analysts’ expectations of $117.13 million. InterXion Holding N.V. had a return on equity of 6.85% and a net margin of 9.25%. The firm’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 EPS. On average, analysts forecast that InterXion Holding N.V. will post $0.74 EPS for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its position in 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 during the period. Macquarie Group Ltd. boosted its position in InterXion Holding N.V. by 1.4% in the fourth quarter. Macquarie Group Ltd. now owns 417,904 shares of the technology company’s stock valued at $14,656,000 after buying an additional 5,623 shares during the period. Sheets Smith Wealth Management boosted its position in InterXion Holding N.V. by 32.3% in the first quarter. Sheets Smith Wealth Management now owns 10,859 shares of the technology company’s stock valued at $430,000 after buying an additional 2,653 shares during the period. Bank of Montreal Can boosted 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 during the period. Finally, Nationwide Fund Advisors boosted 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 during the period. Institutional investors own 89.46% of the company’s stock.
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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