1 day Ago By ABMN Staff
Shares of Equinix, Inc. ( NASDAQ:EQIX – Get Free Report ) have been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company.
The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $883.71. EQIX has been the topic of several research reports.
The Goldman Sachs Group assumed coverage on Equinix in a report on Monday, July 1st. They issued a “buy” rating and a $870.00 target price on the stock.
Deutsche Bank Aktiengesellschaft upped their price objective on Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th.
TD Cowen raised their target price on shares of Equinix from $859.00 to $865.00 and gave the company a “buy” rating in a report on Thursday, August 8th.
Royal Bank of Canada reduced their price target on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 28th.
Finally, Truist Financial increased their price objective on shares of Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st.
View Our Latest Research Report on EQIX Equinix Trading Down 0.4 % Equinix ( NASDAQ:EQIX – Get Free Report ) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $3.
16 earnings per share for the quarter, missing the consensus estimate of $7.88 by ($4.72).
The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion.
Equinix had a net margin of 12.24% and a return on equity of 8.46%.
The business’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $8.
04 earnings per share. On average, equities analysts expect that Equinix will post 31.01 earnings per share for the current fiscal year.
Equinix Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st were paid a dividend of $4.26 per share.
This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.98%.
The ex-dividend date of this dividend was Wednesday, August 21st. Equinix’s dividend payout ratio is currently 170.91%.
Insider Buying and Selling at Equinix In other news, CAO Simon Miller sold 569 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total transaction of $467,097.
79. Following the completion of the sale, the chief accounting officer now directly owns 5,554 shares of the company’s stock, valued at $4,559,334.14.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . In other news, CAO Simon Miller sold 569 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $820.
91, for a total transaction of $467,097.79. Following the transaction, the chief accounting officer now directly owns 5,554 shares of the company’s stock, valued at $4,559,334.
14. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink . Also, EVP Scott Crenshaw sold 1,107 shares of the firm’s stock in a transaction on Friday, September 6th.
The stock was sold at an average price of $815.60, for a total value of $902,869.20.
Following the transaction, the executive vice president now owns 4 shares in the company, valued at $3,262.40. The disclosure for this sale can be found here .
Insiders have sold 10,043 shares of company stock valued at $8,282,119 in the last quarter. 0.27% of the stock is owned by insiders.
Institutional Trading of Equinix Hedge funds have recently added to or reduced their stakes in the business. CNB Bank increased its holdings in shares of Equinix by 172.7% in the 1st quarter.
CNB Bank now owns 30 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 19 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Equinix during the 2nd quarter worth $30,000.
LRI Investments LLC acquired a new position in shares of Equinix during the first quarter valued at about $31,000. Meeder Asset Management Inc. purchased a new stake in Equinix during the 2nd quarter worth approximately $36,000.
Finally, Rise Advisors LLC acquired a new position in Equinix during the 1st quarter valued at approximately $39,000. 94.94% of the stock is owned by hedge funds and other institutional investors.
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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