Equinix, Inc. (NASDAQ:EQIX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Equinix, Inc. (NASDAQ:EQIX) has received a consensus rating of “Moderate Buy” from the twenty-nine analysts that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and four have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $952.0476.

Several research analysts have weighed in on the company. Truist Financial increased their price objective on Equinix from $961.00 to $973.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. BMO Capital Markets raised shares of Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 price target on the stock in a research report on Wednesday, December 3rd. The Goldman Sachs Group cut shares of Equinix from a “buy” rating to a “neutral” rating and set a $795.00 price objective for the company. in a research note on Thursday, December 18th. Citigroup restated a “buy” rating on shares of Equinix in a research report on Thursday, December 11th. Finally, TD Cowen lifted their price target on shares of Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a research report on Thursday, October 30th.

Equinix Trading Up 0.7%

Shares of EQIX stock opened at $781.88 on Friday. Equinix has a 12-month low of $701.41 and a 12-month high of $953.41. The company has a market capitalization of $76.77 billion, a PE ratio of 71.60, a price-to-earnings-growth ratio of 1.21 and a beta of 1.05. The firm has a 50 day moving average price of $769.95 and a two-hundred day moving average price of $783.74. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.32.

Equinix (NASDAQ:EQIX) last announced its earnings results 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 company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. Equinix had a return on equity of 7.70% and a net margin of 11.82%.The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $9.05 earnings per share. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. As a group, analysts predict that Equinix will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The business also recently disclosed 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. This represents a $18.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, November 19th. Equinix’s dividend payout ratio (DPR) is 171.79%.

Insider Activity

In other news, CEO Adaire Fox-Martin sold 2,894 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $731.09, for a total transaction of $2,115,774.46. Following the sale, the chief executive officer directly owned 12,366 shares of the company’s stock, valued at approximately $9,040,658.94. This represents a 18.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 50 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $777.58, for a total value of $38,879.00. Following the completion of the transaction, the director directly owned 17,782 shares of the company’s stock, valued at approximately $13,826,927.56. This trade represents a 0.28% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 8,704 shares of company stock worth $6,617,748. 0.27% of the stock is owned by insiders.

Institutional Trading of Equinix

Large investors have recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 73 shares during the last quarter. Quarry LP acquired a new position in shares of Equinix during the 1st quarter worth $31,000. EP Wealth Advisors LLC raised its holdings in shares of Equinix by 16.0% during the 1st quarter. EP Wealth Advisors LLC now owns 333 shares of the financial services provider’s stock worth $272,000 after buying an additional 46 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its position in shares of Equinix by 13.9% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 4,389 shares of the financial services provider’s stock worth $3,578,000 after buying an additional 537 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Equinix by 106.0% in the first quarter. AQR Capital Management LLC now owns 96,948 shares of the financial services provider’s stock valued at $77,596,000 after buying an additional 49,889 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

About Equinix

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.