Switch (SWCH) Given a $22.00 Price Target by Credit Suisse Group Analysts
A number of other analysts also recently issued reports on the company. Zacks Investment Research upgraded Switch from a hold rating to a buy rating and set a $20.00 price target for the company in a research report on Thursday, January 11th. Raymond James Financial assumed coverage on Switch in a research report on Tuesday, October 31st. They set a market perform rating for the company. BTIG Research assumed coverage on Switch in a research report on Tuesday, October 31st. They set a buy rating and a $22.00 price target for the company. William Blair assumed coverage on Switch in a research report on Tuesday, October 31st. They set an outperform rating for the company. Finally, BMO Capital Markets assumed coverage on Switch in a research report on Tuesday, October 31st. They set an outperform rating and a $23.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Switch has an average rating of Hold and a consensus target price of $21.83.
Shares of Switch (NYSE:SWCH) traded down $0.29 on Wednesday, hitting $16.74. The stock had a trading volume of 1,170,000 shares, compared to its average volume of 982,813. The company has a market cap of $4,230.00 and a P/E ratio of 119.57. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.18. Switch has a 12-month low of $15.77 and a 12-month high of $24.90.
The company also recently announced a special dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were given a $0.014 dividend. The ex-dividend date was Friday, December 15th. Switch’s payout ratio is 7.14%.
A hedge fund recently bought a new stake in Switch stock. Schwab Charles Investment Management Inc. bought a new position in Switch Inc (NYSE:SWCH) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 81,669 shares of the company’s stock, valued at approximately $1,486,000.
Switch, Inc is a technology infrastructure company. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services, and content ecosystems. The Company designs, constructs and operates hyperscale data centers that address the growing challenges facing the data center industry.
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