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

Shares of Equinix, Inc. (NASDAQ:EQIXGet Free Report) have earned an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $869.00.

EQIX has been the subject of several analyst reports. KeyCorp started coverage on Equinix in a report on Wednesday, December 6th. They set a “sector weight” rating for the company. Wells Fargo & Company increased their price target on Equinix from $800.00 to $825.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. BMO Capital Markets raised their target price on Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. HSBC cut Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price on the stock. in a research report on Wednesday, March 20th. Finally, TheStreet upgraded Equinix from a “c+” rating to a “b-” rating in a research report on Wednesday, November 29th.

Check Out Our Latest Report on EQIX

Insider Transactions at Equinix

In related news, EVP Jonathan Lin sold 624 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $809.66, for a total value of $505,227.84. Following the completion of the sale, the executive vice president now owns 5,671 shares in the company, valued at $4,591,581.86. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Equinix news, EVP Jonathan Lin sold 624 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $809.66, for a total value of $505,227.84. Following the completion of the transaction, the executive vice president now directly owns 5,671 shares of the company’s stock, valued at $4,591,581.86. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Camp Peter Van sold 122 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total transaction of $101,396.64. Following the transaction, the chairman now directly owns 7,968 shares of the company’s stock, valued at $6,622,364.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,282 shares of company stock worth $14,788,771. Company insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Equinix

A number of hedge funds have recently made changes to their positions in EQIX. Grayhawk Investment Strategies Inc. acquired a new position in shares of Equinix during the 4th quarter valued at $97,000. ICA Group Wealth Management LLC purchased a new stake in Equinix during the 4th quarter worth $81,000. Fisher Asset Management LLC purchased a new stake in Equinix during the 4th quarter worth $381,000. True Vision MN LLC purchased a new stake in Equinix during the 4th quarter worth $375,000. Finally, Wellington Management Group LLP increased its stake in Equinix by 1.4% during the 4th quarter. Wellington Management Group LLP now owns 992,401 shares of the financial services provider’s stock worth $799,270,000 after buying an additional 13,274 shares during the period. Institutional investors and hedge funds own 93.16% of the company’s stock.

Equinix Trading Down 1.3 %

EQIX opened at $800.97 on Monday. The stock has a market cap of $75.79 billion, a price-to-earnings ratio of 77.69, a P/E/G ratio of 1.91 and a beta of 0.59. The stock’s 50 day moving average price is $850.76 and its 200-day moving average price is $797.82. Equinix has a one year low of $661.66 and a one year high of $914.93. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.13.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were paid a $4.26 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $17.04 annualized dividend and a yield of 2.13%. Equinix’s dividend payout ratio is presently 165.28%.

About Equinix

(Get Free Report

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.

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Analyst Recommendations for Equinix (NASDAQ:EQIX)

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