Brokerages Set Equinix, Inc. (NASDAQ:EQIX) Target Price at $1,143.60

Shares of Equinix, Inc. (NASDAQ:EQIX) have been given an average rating of “Moderate Buy” by the twenty-eight analysts that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, twenty have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $1,143.60.

A number of analysts have commented on the stock. UBS Group upped their price target on shares of Equinix from $950.00 to $1,010.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. BMO Capital Markets boosted their target price on Equinix from $925.00 to $1,050.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Mizuho boosted their target price on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Morgan Stanley upped their price objective on shares of Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th.

Insider Activity

In other news, EVP Raouf Abdel sold 2,040 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the transaction, the executive vice president directly owned 5,728 shares in the company, valued at $6,206,116.16. The trade was a 26.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan Lin sold 635 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $965.71, for a total value of $613,225.85. Following the transaction, the insider owned 10,788 shares of the company’s stock, valued at $10,418,079.48. This represents a 5.56% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 14,779 shares of company stock valued at $15,580,249. 0.27% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Equinix

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Equinix by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider’s stock valued at $10,265,706,000 after purchasing an additional 107,227 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Equinix by 25.8% in the third quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock worth $2,252,094,000 after acquiring an additional 588,967 shares during the period. Cohen & Steers Inc. increased its position in Equinix by 23.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock valued at $1,998,978,000 after purchasing an additional 493,141 shares during the period. Geode Capital Management LLC raised its holdings in shares of Equinix by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider’s stock valued at $1,959,731,000 after purchasing an additional 25,383 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Equinix by 1.4% during the first quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock worth $1,941,377,000 after buying an additional 27,643 shares during the period. 94.94% of the stock is owned by institutional investors.

Equinix Stock Performance

Equinix stock opened at $1,059.47 on Wednesday. The business has a 50 day moving average of $1,062.29 and a 200-day moving average of $918.62. The company has a market capitalization of $104.49 billion, a P/E ratio of 73.35, a P/E/G ratio of 2.00 and a beta of 0.99. Equinix has a 1 year low of $710.52 and a 1 year high of $1,128.68. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the company posted $9.67 EPS. The company’s revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, equities research analysts predict that Equinix will post 37.72 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be given a dividend of $5.16 per share. The ex-dividend date is Wednesday, May 20th. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. Equinix’s payout ratio is currently 142.84%.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.