InterXion Holding N.V. (INXN) Rating Lowered to Buy at BidaskClub
InterXion Holding N.V. (NYSE:INXN) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.
INXN has been the subject of several other reports. Zacks Investment Research cut InterXion Holding N.V. from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. ValuEngine raised InterXion Holding N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Oppenheimer Holdings, Inc. lifted their target price on InterXion Holding N.V. from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 price objective (up from $49.00) on shares of InterXion Holding N.V. in a research note on Thursday, August 3rd. Finally, Citigroup Inc. lifted their price objective on InterXion Holding N.V. from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, June 6th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $52.50.
InterXion Holding N.V. (NYSE:INXN) opened at 50.63 on Thursday. InterXion Holding N.V. has a 1-year low of $32.21 and a 1-year high of $52.15. The stock has a 50 day moving average price of $49.89 and a 200 day moving average price of $44.49. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 72.12 and a beta of 0.63.
InterXion Holding N.V. (NYSE:INXN) last released its 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). The firm had revenue of $120.80 million during the quarter, compared to analyst estimates of $117.13 million. InterXion Holding N.V. had a net margin of 9.25% and a return on equity of 6.85%. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period last year, the business posted $0.13 earnings per share. Analysts predict that InterXion Holding N.V. will post $0.74 EPS for the current year.
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Institutional investors have recently made changes to their positions in the stock. SpiderRock Advisors LLC grew its stake in shares of InterXion Holding N.V. by 259.2% during the second quarter. SpiderRock Advisors LLC now owns 2,687 shares of the technology company’s stock worth $123,000 after purchasing an additional 1,939 shares during the period. Oppenheimer Asset Management Inc. bought a new position in InterXion Holding N.V. during the first quarter worth about $110,000. BNP Paribas Arbitrage SA lifted its holdings in InterXion Holding N.V. by 6.8% during the first quarter. BNP Paribas Arbitrage SA now owns 3,950 shares of the technology company’s stock worth $156,000 after acquiring an additional 250 shares in the last quarter. FineMark National Bank & Trust bought a new position in InterXion Holding N.V. during the second quarter worth about $206,000. Finally, Stifel Financial Corp bought a new position in InterXion Holding N.V. during the second quarter worth about $227,000. 88.38% of the stock is owned by institutional investors and hedge funds.
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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