InterXion Holding NV (INXN) Receives $70.20 Consensus Price Target from Brokerages

Shares of InterXion Holding NV (NYSE:INXN) have earned a consensus recommendation of “Buy” from the fifteen brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $70.20.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of InterXion from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. Stifel Nicolaus set a $72.00 price objective on shares of InterXion and gave the company a “buy” rating in a research note on Tuesday, July 17th. Barclays restated a “buy” rating and set a $73.00 price objective on shares of InterXion in a research note on Friday, May 4th. ValuEngine upgraded shares of InterXion from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Finally, Citigroup lifted their price objective on shares of InterXion from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 4th.

Shares of InterXion traded up $0.15, hitting $65.87, during midday trading on Friday, according to Marketbeat. 389,192 shares of the stock traded hands, compared to its average volume of 521,421. InterXion has a 1-year low of $46.85 and a 1-year high of $67.19. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 95.46, a price-to-earnings-growth ratio of 5.46 and a beta of 0.62. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.58 and a current ratio of 0.58.

InterXion (NYSE:INXN) last announced its quarterly earnings results on Thursday, May 3rd. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). InterXion had a net margin of 8.46% and a return on equity of 7.62%. The firm had revenue of $133.80 million for the quarter, compared to analyst estimates of $133.00 million. During the same period last year, the firm posted $0.15 EPS. The business’s revenue was up 17.5% compared to the same quarter last year. analysts predict that InterXion will post 0.86 EPS for the current year.

A number of institutional investors have recently modified their holdings of INXN. Northern Trust Corp increased its stake in InterXion by 0.6% in the 1st quarter. Northern Trust Corp now owns 193,590 shares of the technology company’s stock worth $12,024,000 after purchasing an additional 1,143 shares in the last quarter. Bank of New York Mellon Corp increased its stake in InterXion by 2.7% in the 4th quarter. Bank of New York Mellon Corp now owns 44,340 shares of the technology company’s stock worth $2,612,000 after purchasing an additional 1,163 shares in the last quarter. Sheets Smith Wealth Management increased its stake in InterXion by 11.4% in the 2nd quarter. Sheets Smith Wealth Management now owns 12,043 shares of the technology company’s stock worth $752,000 after purchasing an additional 1,229 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in InterXion by 7.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 17,244 shares of the technology company’s stock worth $1,072,000 after purchasing an additional 1,242 shares in the last quarter. Finally, Credit Agricole S A increased its stake in InterXion by 3.5% in the 1st quarter. Credit Agricole S A now owns 41,000 shares of the technology company’s stock worth $2,546,000 after purchasing an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

About InterXion

InterXion Holding N.V. provides carrier and cloud-neutral colocation data center services in France, Germany, the Netherlands, the United Kingdom, Austria, Belgium, Denmark, Ireland, Spain, Sweden, and Switzerland. The company enables its customers to connect to a range of telecommunications carriers, Internet service providers, and other customers.

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Analyst Recommendations for InterXion (NYSE:INXN)

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