Equinix, Inc. (NASDAQ:EQIX) Given Consensus Rating of “Moderate Buy” by Analysts

Equinix, Inc. (NASDAQ:EQIXGet Rating) has been given a consensus rating of “Moderate Buy” by the twenty-two research firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $757.33.

EQIX has been the topic of several recent research reports. Cowen upgraded Equinix from a “market perform” rating to an “outperform” rating and set a $811.00 price target on the stock in a research note on Tuesday, December 13th. TD Securities downgraded Equinix from a “buy” rating to a “hold” rating and set a $750.00 price target on the stock. in a research note on Thursday, December 15th. Raymond James cut their price target on Equinix from $950.00 to $800.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, October 11th. The Goldman Sachs Group lowered their price objective on Equinix from $765.00 to $670.00 and set a “buy” rating on the stock in a research report on Wednesday, October 12th. Finally, TheStreet raised Equinix from a “c+” rating to a “b-” rating in a research report on Tuesday, December 13th.

Equinix Stock Up 0.5 %

EQIX stock opened at $719.62 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.37 and a current ratio of 2.37. The company has a market capitalization of $66.59 billion, a price-to-earnings ratio of 94.07, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60. The business’s 50 day moving average price is $679.80 and its two-hundred day moving average price is $642.58. Equinix has a fifty-two week low of $494.89 and a fifty-two week high of $776.35.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 14th. Shareholders of record on Wednesday, November 16th were paid a $3.10 dividend. The ex-dividend date was Tuesday, November 15th. This represents a $12.40 dividend on an annualized basis and a yield of 1.72%. Equinix’s payout ratio is presently 162.09%.

Insiders Place Their Bets

In other Equinix news, insider Brandi Galvin Morandi sold 65 shares of the stock in a transaction on Friday, October 28th. The stock was sold at an average price of $549.83, for a total value of $35,738.95. Following the completion of the sale, the insider now owns 17,285 shares in the company, valued at approximately $9,503,811.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Equinix news, insider Brandi Galvin Morandi sold 65 shares of the stock in a transaction on Friday, October 28th. The stock was sold at an average price of $549.83, for a total value of $35,738.95. Following the completion of the sale, the insider now owns 17,285 shares in the company, valued at approximately $9,503,811.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Camp Peter Van sold 462 shares of the firm’s stock in a transaction dated Wednesday, January 18th. The shares were sold at an average price of $708.61, for a total value of $327,377.82. Following the transaction, the chairman now owns 7,416 shares of the company’s stock, valued at approximately $5,255,051.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,812 shares of company stock worth $11,839,270. Corporate insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EQIX. CoreCap Advisors LLC purchased a new position in shares of Equinix during the second quarter valued at about $25,000. Heritage Financial Services LLC purchased a new position in shares of Equinix during the second quarter valued at about $28,000. Guardian Wealth Advisors LLC purchased a new position in shares of Equinix during the third quarter valued at about $32,000. Better Money Decisions LLC purchased a new position in Equinix in the second quarter worth about $36,000. Finally, Crewe Advisors LLC grew its position in Equinix by 190.0% in the second quarter. Crewe Advisors LLC now owns 58 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 92.80% of the company’s stock.

Equinix Company Profile

(Get Rating)

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.

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Analyst Recommendations for Equinix (NASDAQ:EQIX)

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