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.

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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.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.87 by ($3.05). Equinix had a return on equity of 6.54% and a net margin of 5.33%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the firm posted $4.08 EPS. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. sell-side analysts anticipate that Equinix will post 18.73 EPS for the current year.

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.

Analyst Recommendations for Equinix (NASDAQ:EQIX)

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