Several other brokerages have also issued reports on EQIX. StockNews.com lowered Equinix from a buy rating to a hold rating in a report on Wednesday, May 11th. Cowen increased their target price on shares of Equinix from $880.00 to $890.00 and gave the stock a market perform rating in a research report on Thursday, February 17th. Argus lowered their target price on shares of Equinix from $900.00 to $875.00 in a research report on Monday, March 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Equinix from $780.00 to $785.00 and gave the stock a buy rating in a research report on Friday, April 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Equinix from $860.00 to $880.00 in a research report on Friday, April 29th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus target price of $849.06.
EQIX opened at $693.68 on Thursday. The stock has a fifty day moving average of $713.59 and a 200-day moving average of $739.87. The firm has a market capitalization of $63.13 billion, a P/E ratio of 127.99, a PEG ratio of 3.27 and a beta of 0.46. Equinix has a 12-month low of $621.34 and a 12-month high of $885.26. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 1.25.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, May 18th will be given a dividend of $3.10 per share. This represents a $12.40 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, May 17th. Equinix’s dividend payout ratio (DPR) is presently 228.78%.
In other news, CFO Keith D. Taylor sold 1,058 shares of Equinix stock in a transaction that occurred on Friday, March 11th. The shares were sold at an average price of $701.78, for a total value of $742,483.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Camp Peter Van sold 1,000 shares of Equinix stock in a transaction that occurred on Tuesday, March 8th. The shares were sold at an average price of $688.05, for a total transaction of $688,050.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,532 shares of company stock valued at $2,419,468. Corporate insiders own 0.32% of the company’s stock.
Several institutional investors have recently modified their holdings of EQIX. Amplius Wealth Advisors LLC acquired a new stake in Equinix during the 4th quarter worth $25,000. Rational Advisors LLC grew its holdings in Equinix by 123.1% during the 4th quarter. Rational Advisors LLC now owns 29 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 16 shares during the period. Lee Financial Co acquired a new stake in Equinix during the 4th quarter worth $30,000. Earnest Partners LLC acquired a new stake in Equinix during the 4th quarter worth $32,000. Finally, HHM Wealth Advisors LLC acquired a new stake in Equinix during the 1st quarter worth $32,000. 92.68% of the stock is owned by institutional investors and hedge funds.
Equinix Company Profile (Get Rating)
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.
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