Shares of Equinix Inc (NASDAQ:EQIX) have received an average recommendation of “Buy” from the twenty-one brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and sixteen have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $500.00.

A number of equities analysts have recently weighed in on EQIX shares. BidaskClub raised Equinix from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. Jefferies Financial Group raised Equinix from a “hold” rating to a “buy” rating and boosted their price target for the stock from $454.00 to $479.00 in a report on Monday, December 10th. Citigroup cut their price target on Equinix from $506.00 to $481.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Credit Suisse Group set a $500.00 price target on Equinix and gave the stock a “buy” rating in a report on Friday, November 2nd. Finally, BMO Capital Markets cut their price target on Equinix from $521.00 to $511.00 and set a “buy” rating for the company in a report on Friday, November 2nd.

In other Equinix news, insider Yau Tat Lee sold 2,792 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $382.86, for a total transaction of $1,068,945.12. Following the completion of the sale, the insider now owns 2,182 shares of the company’s stock, valued at $835,400.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Earl Campbell sold 1,500 shares of the business’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $395.00, for a total value of $592,500.00. Following the sale, the insider now directly owns 1,388 shares of the company’s stock, valued at approximately $548,260. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.

A number of hedge funds have recently bought and sold shares of EQIX. OppenheimerFunds Inc. increased its stake in Equinix by 4.5% in the second quarter. OppenheimerFunds Inc. now owns 61,880 shares of the financial services provider’s stock valued at $26,601,000 after purchasing an additional 2,650 shares during the last quarter. Raymond James & Associates increased its stake in Equinix by 10.4% in the second quarter. Raymond James & Associates now owns 42,539 shares of the financial services provider’s stock valued at $18,287,000 after purchasing an additional 4,008 shares during the last quarter. First Republic Investment Management Inc. purchased a new stake in Equinix during the second quarter valued at about $4,220,000. Wolverine Asset Management LLC purchased a new stake in Equinix during the second quarter valued at about $449,000. Finally, Point72 Asset Management L.P. grew its position in Equinix by 46.4% during the second quarter. Point72 Asset Management L.P. now owns 38,950 shares of the financial services provider’s stock valued at $16,744,000 after acquiring an additional 12,350 shares during the period. 99.43% of the stock is owned by hedge funds and other institutional investors.

EQIX opened at $371.43 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.54. The firm has a market cap of $28.73 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 1.23 and a beta of 0.78. Equinix has a one year low of $335.29 and a one year high of $458.64.

Equinix (NASDAQ:EQIX) last posted its earnings results on Thursday, November 1st. The financial services provider reported $1.55 EPS for the quarter, missing the Zacks’ consensus estimate of $4.47 by ($2.92). The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Equinix had a return on equity of 7.70% and a net margin of 6.46%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.63 earnings per share. On average, equities analysts anticipate that Equinix will post 18.47 earnings per share for the current year.

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 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

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Analyst Recommendations for Equinix (NASDAQ:EQIX)

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