Analysts Set Equinix, Inc. (NASDAQ:EQIX) Target Price at $961.33

by · The Markets Daily

Shares of Equinix, Inc. (NASDAQ:EQIX – Get Free Report) have been given an average recommendation of “Moderate Buy” by the twenty-eight research firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and four have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $958.15.

A number of equities analysts recently commented on the company. BMO Capital Markets upgraded Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 target price for the company in a report on Wednesday, December 3rd. Barclays boosted their price objective on shares of Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. Cowen reaffirmed a “buy” rating on shares of Equinix in a research report on Thursday, October 30th. TD Cowen boosted their price target on shares of Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Equinix in a research note on Wednesday, October 8th.

Read Our Latest Analysis on Equinix

Insider Activity at Equinix

In other news, insider Kurt Pletcher sold 290 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $731.19, for a total transaction of $212,045.10. Following the sale, the insider owned 2,433 shares in the company, valued at approximately $1,778,985.27. The trade was a 10.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jonathan Lin sold 124 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $731.18, for a total transaction of $90,666.32. Following the completion of the transaction, the insider owned 8,299 shares of the company’s stock, valued at approximately $6,068,062.82. The trade was a 1.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 8,704 shares of company stock valued at $6,617,748 over the last ninety days. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Equinix

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Activest Wealth Management lifted its holdings in shares of Equinix by 121.4% during the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 17 shares during the last quarter. Westside Investment Management Inc. grew its stake in shares of Equinix by 190.9% in the 2nd quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after buying an additional 21 shares during the last quarter. Ameriflex Group Inc. increased its position in Equinix by 433.3% during the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after buying an additional 26 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in Equinix during the second quarter valued at $26,000. Finally, Bank of Jackson Hole Trust boosted its holdings in Equinix by 70.0% in the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Equinix stock opened at $750.32 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.32. The firm has a market cap of $73.67 billion, a P/E ratio of 68.71, a P/E/G ratio of 1.53 and a beta of 1.05. Equinix has a 1-year low of $701.41 and a 1-year high of $982.98. The firm has a 50-day moving average of $789.62 and a 200-day moving average of $800.89.

Equinix (NASDAQ:EQIX – Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. Equinix had a return on equity of 7.70% and a net margin of 11.82%.The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the company posted $9.05 EPS. Equinix’s quarterly revenue was up 5.2% compared to the same quarter last year. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Sell-side analysts expect that Equinix will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be given a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $18.76 annualized dividend and a dividend yield of 2.5%. Equinix’s dividend payout ratio is currently 171.79%.

Equinix Company Profile

(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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