Deutsche Bank Raises Equinix (EQIX) Price Target to $550.00
Equinix (NASDAQ:EQIX) had its price objective raised by stock analysts at Deutsche Bank from $545.00 to $550.00 in a report released on Tuesday. The firm presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank’s price target indicates a potential upside of 35.63% from the stock’s previous close.
Several other research analysts have also commented on the company. Credit Suisse Group set a $524.00 price objective on Equinix and gave the stock an “outperform” rating in a report on Wednesday, January 17th. BidaskClub lowered Equinix from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Wells Fargo cut their price objective on Equinix from $510.00 to $485.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Barclays reissued a “buy” rating and set a $500.00 price objective on shares of Equinix in a report on Friday, February 16th. Finally, Oppenheimer boosted their price objective on Equinix to $525.00 and gave the stock an “outperform” rating in a report on Friday, December 22nd. Four investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Equinix presently has an average rating of “Buy” and an average price target of $499.67.
Shares of NASDAQ EQIX opened at $405.52 on Tuesday. Equinix has a 12 month low of $370.79 and a 12 month high of $495.35. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.45. The stock has a market cap of $31,806.11, a PE ratio of 21.88, a price-to-earnings-growth ratio of 1.22 and a beta of 0.50.
In other Equinix news, insider Michael Earl Campbell sold 590 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $443.92, for a total value of $261,912.80. Following the completion of the sale, the insider now owns 1,658 shares in the company, valued at $736,019.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen M. Smith sold 10,706 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $443.10, for a total value of $4,743,828.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,999 shares of company stock valued at $16,487,201. 0.58% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. Lenox Wealth Management Inc. lifted its position in Equinix by 7.8% in the fourth quarter. Lenox Wealth Management Inc. now owns 1,730 shares of the financial services provider’s stock valued at $784,000 after purchasing an additional 125 shares during the last quarter. Fagan Associates Inc. raised its holdings in shares of Equinix by 3.8% during the fourth quarter. Fagan Associates Inc. now owns 3,717 shares of the financial services provider’s stock valued at $1,685,000 after acquiring an additional 135 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of Equinix by 20.5% during the fourth quarter. Checchi Capital Advisers LLC now owns 839 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 143 shares in the last quarter. Girard Partners LTD. raised its holdings in shares of Equinix by 9.7% during the fourth quarter. Girard Partners LTD. now owns 1,761 shares of the financial services provider’s stock valued at $798,000 after acquiring an additional 156 shares in the last quarter. Finally, Whittier Trust Co. raised its holdings in shares of Equinix by 191.5% during the fourth quarter. Whittier Trust Co. now owns 239 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.
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Equinix Company Profile
Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 48 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
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