Equinix, Inc. (NASDAQ:EQIX) Given Average Rating of “Moderate Buy” by Brokerages

Equinix, Inc. (NASDAQ:EQIX) has received a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $868.72.

Several brokerages have weighed in on EQIX. Wells Fargo & Company raised their price objective on Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Oppenheimer raised their price objective on Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Barclays dropped their price objective on Equinix from $788.00 to $781.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 15th. KeyCorp began coverage on Equinix in a research note on Wednesday, December 6th. They set a “sector weight” rating on the stock. Finally, HSBC lowered Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price for the company. in a research report on Wednesday, March 20th.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $825.33 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19. The stock’s fifty day simple moving average is $850.89 and its two-hundred day simple moving average is $798.45. Equinix has a 1-year low of $672.88 and a 1-year high of $914.93. The stock has a market cap of $78.09 billion, a PE ratio of 80.05, a price-to-earnings-growth ratio of 1.95 and a beta of 0.59.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were issued a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s dividend payout ratio (DPR) is currently 165.28%.

Insider Buying and Selling

In related news, Chairman Camp Peter Van sold 122 shares of Equinix stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total value of $101,396.64. Following the completion of the sale, the chairman now owns 7,968 shares of the company’s stock, valued at approximately $6,622,364.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Equinix news, CEO Charles J. Meyers sold 7,174 shares of Equinix stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $800.18, for a total transaction of $5,740,491.32. Following the completion of the transaction, the chief executive officer now owns 16,360 shares of the company’s stock, valued at approximately $13,090,944.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Camp Peter Van sold 122 shares of Equinix stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total value of $101,396.64. Following the transaction, the chairman now directly owns 7,968 shares of the company’s stock, valued at approximately $6,622,364.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,282 shares of company stock valued at $14,788,771. 0.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EQIX. Valley National Advisers Inc. boosted its position in shares of Equinix by 260.0% during the 4th quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 26 shares during the last quarter. Providence Capital Advisors LLC bought a new stake in shares of Equinix during the 3rd quarter valued at about $29,000. Criterion Capital Advisors LLC bought a new stake in shares of Equinix during the 4th quarter valued at about $32,000. Operose Advisors LLC bought a new stake in shares of Equinix during the 3rd quarter valued at about $36,000. Finally, Asset Dedication LLC boosted its position in shares of Equinix by 92.6% during the 3rd quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Company Profile

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.