Equinix (NASDAQ:EQIX)‘s stock had its “positive” rating restated by equities research analysts at BMO Capital Markets in a note issued to investors on Thursday, The Fly reports. They presently have a $665.00 target price on the financial services provider’s stock. BMO Capital Markets’ price objective indicates a potential upside of 2.52% from the stock’s current price.
EQIX has been the subject of several other reports. Raymond James boosted their price objective on shares of Equinix from $560.00 to $625.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 31st. Oppenheimer boosted their price objective on shares of Equinix from $550.00 to $650.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. ValuEngine cut shares of Equinix from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. Stifel Nicolaus reissued a “buy” rating and set a $620.00 price objective on shares of Equinix in a research note on Thursday, November 14th. Finally, BidaskClub raised shares of Equinix from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, two have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $613.55.
Shares of NASDAQ EQIX opened at $648.65 on Thursday. Equinix has a 52-week low of $399.57 and a 52-week high of $636.43. The firm has a fifty day moving average of $593.77 and a 200-day moving average of $565.00. The stock has a market capitalization of $51.41 billion, a PE ratio of 27.82, a P/E/G ratio of 2.11 and a beta of 0.64. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.33.
In related news, Director Christopher B. Paisley sold 200 shares of Equinix stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $557.29, for a total transaction of $111,458.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Charles J. Meyers sold 5,562 shares of Equinix stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $592.53, for a total transaction of $3,295,651.86. Following the transaction, the chief executive officer now owns 8,567 shares in the company, valued at approximately $5,076,204.51. The disclosure for this sale can be found here. Insiders have sold a total of 17,159 shares of company stock worth $10,149,833 in the last 90 days. Company insiders own 0.49% of the company’s stock.
Several large investors have recently bought and sold shares of EQIX. Resolution Capital Ltd acquired a new position in shares of Equinix during the 4th quarter valued at $120,032,000. Duff & Phelps Investment Management Co. lifted its holdings in Equinix by 225.2% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 219,450 shares of the financial services provider’s stock worth $128,093,000 after buying an additional 151,960 shares in the last quarter. State Street Corp lifted its holdings in Equinix by 4.3% in the 3rd quarter. State Street Corp now owns 3,473,776 shares of the financial services provider’s stock worth $2,003,674,000 after buying an additional 144,231 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Equinix by 43.6% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 428,318 shares of the financial services provider’s stock worth $247,054,000 after buying an additional 130,121 shares in the last quarter. Finally, M&G Investment Management Ltd. acquired a new position in Equinix in the 4th quarter worth $67,072,000. Institutional investors and hedge funds own 99.37% of the company’s stock.
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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