Equinix (NASDAQ:EQIX) had its price target boosted by Stifel Nicolaus from $795.00 to $875.00 in a report published on Thursday, BenzingaRatingsTable reports. They currently have a buy rating on the financial services provider’s stock.

EQIX has been the topic of a number of other reports. Barclays boosted their target price on shares of Equinix from $821.00 to $876.00 and gave the stock an overweight rating in a report on Thursday. Raymond James upgraded shares of Equinix from a market perform rating to an outperform rating and set a $835.00 target price on the stock in a report on Thursday. BidaskClub upgraded shares of Equinix from a hold rating to a buy rating in a report on Tuesday, July 28th. Morgan Stanley boosted their target price on shares of Equinix from $584.00 to $670.00 and gave the stock an equal weight rating in a report on Wednesday, June 3rd. Finally, Argus boosted their target price on shares of Equinix from $600.00 to $740.00 and gave the stock a buy rating in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Equinix has a consensus rating of Buy and a consensus price target of $765.16.

Shares of EQIX stock traded up $7.53 during midday trading on Thursday, reaching $785.48. 334,613 shares of the company were exchanged, compared to its average volume of 322,238. Equinix has a 12 month low of $477.87 and a 12 month high of $787.70. The company has a market cap of $67.50 billion, a P/E ratio of 136.13, a PEG ratio of 2.47 and a beta of 0.41. The company’s 50 day moving average price is $714.15 and its two-hundred day moving average price is $653.86. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.26 and a current ratio of 1.55.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $5.40 by ($3.88). Equinix had a return on equity of 5.43% and a net margin of 8.69%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the firm posted $1.69 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts predict that Equinix will post 21.55 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, August 19th will be given a $2.66 dividend. This represents a $10.64 annualized dividend and a yield of 1.35%. The ex-dividend date is Tuesday, August 18th. Equinix’s dividend payout ratio is 46.65%.

In related news, Director Adaire Fox-Martin sold 58 shares of the company’s stock in a transaction on Friday, June 19th. The shares were sold at an average price of $713.42, for a total transaction of $41,378.36. Following the completion of the sale, the director now directly owns 193 shares of the company’s stock, valued at approximately $137,690.06. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brandi Galvin Morandi sold 1,363 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $672.47, for a total transaction of $916,576.61. Following the sale, the insider now directly owns 19,626 shares of the company’s stock, valued at $13,197,896.22. The disclosure for this sale can be found here. Insiders sold 5,041 shares of company stock valued at $3,437,707 over the last three months. Insiders own 0.51% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ayalon Holdings Ltd. boosted its holdings in shares of Equinix by 0.7% during the 2nd quarter. Ayalon Holdings Ltd. now owns 2,153 shares of the financial services provider’s stock worth $1,568,000 after buying an additional 15 shares during the period. Harvest Fund Management Co. Ltd boosted its holdings in shares of Equinix by 2.7% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 657 shares of the financial services provider’s stock worth $410,000 after buying an additional 17 shares during the period. Fieldpoint Private Securities LLC boosted its holdings in shares of Equinix by 4.3% during the 1st quarter. Fieldpoint Private Securities LLC now owns 412 shares of the financial services provider’s stock worth $257,000 after buying an additional 17 shares during the period. Vectors Research Management LLC raised its stake in Equinix by 0.3% during the 1st quarter. Vectors Research Management LLC now owns 5,792 shares of the financial services provider’s stock valued at $3,618,000 after purchasing an additional 18 shares during the last quarter. Finally, AIA Investment Management Private Ltd raised its stake in Equinix by 10.7% during the 1st quarter. AIA Investment Management Private Ltd now owns 217 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 21 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

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.

See Also: What is Blockchain?

Analyst Recommendations for Equinix (NASDAQ:EQIX)

Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.