InterXion (NYSE:INXN) Rating Lowered to Market Perform at Wells Fargo & Co
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.
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.
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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