Credit Suisse Group Analysts Give InterXion (NYSE:INXN) a $82.00 Price Target

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Credit Suisse Group set a $82.00 price target on InterXion (NYSE:INXN) in a research report released on Thursday, The Fly reports. The brokerage currently has a buy rating on the technology company’s stock.

Several other research analysts also recently issued reports on INXN. CIBC lifted their price objective on Quebecor from C$34.00 to C$35.00 in a research report on Friday, May 10th. ValuEngine downgraded Intersect ENT from a buy rating to a hold rating in a research report on Monday, June 3rd. Wells Fargo & Co cut their price objective on Nevro from $75.00 to $70.00 and set an outperform rating for the company in a research report on Monday, May 13th. Stifel Nicolaus set a $74.00 price objective on InterXion and gave the stock a buy rating in a research report on Friday, May 10th. Finally, Oppenheimer set a $2.00 price objective on Valeritas and gave the stock a buy rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $82.00.

Shares of INXN opened at $76.96 on Thursday. InterXion has a twelve month low of $50.05 and a twelve month high of $77.70. The firm has a 50 day simple moving average of $74.88. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 116.61, a PEG ratio of 8.64 and a beta of 0.93. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.88 and a quick ratio of 0.88.

InterXion (NYSE:INXN) last announced its quarterly earnings data on Thursday, May 9th. The technology company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.04). The business had revenue of $151.53 million during the quarter, compared to analysts’ expectations of $151.09 million. InterXion had a net margin of 4.77% and a return on equity of 5.60%. InterXion’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 EPS. On average, equities analysts predict that InterXion will post 0.63 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of INXN. Centersquare Investment Management LLC raised its holdings in InterXion by 14,009.4% in the 1st quarter. Centersquare Investment Management LLC now owns 2,577,795 shares of the technology company’s stock valued at $1,445,000 after acquiring an additional 2,559,525 shares during the last quarter. Norges Bank acquired a new position in InterXion in the 4th quarter valued at $135,240,000. American Century Companies Inc. raised its holdings in InterXion by 32.0% in the 1st quarter. American Century Companies Inc. now owns 3,824,724 shares of the technology company’s stock valued at $255,224,000 after acquiring an additional 927,985 shares during the last quarter. Principal Financial Group Inc. raised its holdings in InterXion by 19.0% in the 1st quarter. Principal Financial Group Inc. now owns 4,141,431 shares of the technology company’s stock valued at $276,358,000 after acquiring an additional 660,439 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in InterXion by 178.8% in the 1st quarter. Neuberger Berman Group LLC now owns 832,855 shares of the technology company’s stock valued at $55,576,000 after acquiring an additional 534,134 shares during the last quarter. Institutional investors own 95.85% of the company’s stock.

InterXion Company Profile

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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Analyst Recommendations for InterXion (NYSE:INXN)

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