Wells Fargo & Co cut shares of InterXion (NYSE:INXN) from an outperform rating to a market perform rating in a research report report published on Monday, BenzingaRatingsTable reports. Wells Fargo & Co currently has $85.00 price target on the technology company’s stock. The analysts noted that the move was a valuation call.

Several other research firms have also recently issued reports on INXN. Royal Bank of Canada reissued a buy rating and issued a $84.00 target price on shares of InterXion in a research note on Sunday, August 11th. Credit Suisse Group set a $82.00 price objective on InterXion and gave the company a buy rating in a research report on Thursday, July 11th. ValuEngine raised InterXion from a buy rating to a strong-buy rating in a research report on Monday, June 3rd. Finally, Citigroup lifted their price objective on InterXion from $76.00 to $81.00 and gave the company a buy rating in a research report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. InterXion has a consensus rating of Buy and an average price target of $83.17.

NYSE INXN opened at $77.35 on Monday. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market capitalization of $5.84 billion, a PE ratio of 117.20, a PEG ratio of 9.95 and a beta of 0.92. InterXion has a 1 year low of $50.05 and a 1 year high of $82.48. The business’s 50-day moving average is $78.09 and its 200 day moving average is $72.56.

InterXion (NYSE:INXN) last posted its earnings results on Wednesday, August 7th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.05). The business had revenue of $158.48 million during the quarter, compared to the consensus estimate of $157.18 million. InterXion had a return on equity of 5.29% and a net margin of 6.00%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 earnings per share. As a group, equities research analysts anticipate that InterXion will post 0.55 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. Tortoise Index Solutions LLC bought a new stake in InterXion during the 1st quarter valued at approximately $33,000. Flinton Capital Management LLC boosted its position in InterXion by 215.4% during the 2nd quarter. Flinton Capital Management LLC now owns 656 shares of the technology company’s stock valued at $50,000 after acquiring an additional 448 shares in the last quarter. Meadow Creek Investment Management LLC boosted its position in InterXion by 215.4% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 902 shares of the technology company’s stock valued at $69,000 after acquiring an additional 616 shares in the last quarter. Glen Harbor Capital Management LLC lifted its holdings in shares of InterXion by 215.4% during the second quarter. Glen Harbor Capital Management LLC now owns 1,148 shares of the technology company’s stock valued at $87,000 after purchasing an additional 784 shares during the last quarter. Finally, NEXT Financial Group Inc lifted its holdings in shares of InterXion by 13.8% during the second quarter. NEXT Financial Group Inc now owns 1,228 shares of the technology company’s stock valued at $93,000 after purchasing an additional 149 shares during the last quarter. 92.54% of the stock is currently owned by institutional investors and hedge funds.

About InterXion

InterXion Holding N.V. provides carrier and cloud-neutral colocation data center services in France, Germany, the Netherlands, the United Kingdom, Austria, Belgium, Denmark, Ireland, Spain, Sweden, and Switzerland. The company enables its customers to connect to a range of telecommunications carriers, cloud platforms, Internet service providers, and other customers.

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Analyst Recommendations for InterXion (NYSE:INXN)

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