Analysts Set Equinix, Inc. (NASDAQ:EQIX) Target Price at $953.90

Equinix, Inc. (NASDAQ:EQIX) has earned a consensus recommendation of “Moderate Buy” from the twenty-nine research firms that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $952.0476.

A number of equities research analysts have recently weighed in on the company. Zacks Research cut Equinix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Truist Financial raised their target price on Equinix from $961.00 to $973.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. The Goldman Sachs Group lowered Equinix from a “buy” rating to a “neutral” rating and set a $795.00 price target for the company. in a research report on Thursday, December 18th. Citigroup reissued a “buy” rating on shares of Equinix in a research note on Thursday, December 11th. Finally, Wall Street Zen lowered Equinix from a “hold” rating to a “sell” rating in a report on Saturday.

Insider Activity at Equinix

In related news, Director Christopher B. Paisley sold 50 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $777.58, for a total transaction of $38,879.00. Following the sale, the director owned 17,782 shares of the company’s stock, valued at $13,826,927.56. The trade was a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kurt Pletcher sold 290 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $731.19, for a total value of $212,045.10. Following the completion of the sale, the insider owned 2,433 shares of the company’s stock, valued at $1,778,985.27. This trade represents a 10.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 8,704 shares of company stock worth $6,617,748 in the last three months. Insiders own 0.27% of the company’s stock.

Institutional Trading of Equinix

Several institutional investors have recently modified their holdings of EQIX. Campbell & CO Investment Adviser LLC grew its holdings in shares of Equinix by 21.1% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 384 shares of the financial services provider’s stock worth $305,000 after acquiring an additional 67 shares during the last quarter. Gradient Investments LLC lifted its holdings in shares of Equinix by 19.4% during the second quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider’s stock valued at $19,635,000 after purchasing an additional 4,015 shares during the last quarter. Focus Partners Wealth boosted its position in shares of Equinix by 19.4% in the 1st quarter. Focus Partners Wealth now owns 2,573 shares of the financial services provider’s stock valued at $2,098,000 after purchasing an additional 418 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its position in shares of Equinix by 13.5% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 485,538 shares of the financial services provider’s stock valued at $386,231,000 after purchasing an additional 57,630 shares during the period. Finally, Hudson Bay Capital Management LP increased its stake in Equinix by 5,346.3% in the 2nd quarter. Hudson Bay Capital Management LP now owns 14,705 shares of the financial services provider’s stock worth $11,697,000 after purchasing an additional 14,435 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Performance

EQIX stock opened at $800.35 on Friday. Equinix has a 1 year low of $701.41 and a 1 year high of $953.41. The stock has a market capitalization of $78.58 billion, a price-to-earnings ratio of 73.29, a PEG ratio of 1.25 and a beta of 1.05. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.62 and a current ratio of 1.62. The stock’s fifty day moving average is $769.03 and its two-hundred day moving average is $782.26.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $9.05 EPS. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. On average, research analysts predict that Equinix will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th were paid a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $18.76 annualized dividend and a yield of 2.3%. Equinix’s dividend payout ratio (DPR) is presently 171.79%.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.