Equinix, Inc. (NASDAQ:EQIX) Stock Has Consensus Price Target of $1,206.96 According to Brokerages

Shares of Equinix, Inc. (NASDAQ:EQIX) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-eight analysts that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $1,206.96.

A number of equities analysts recently weighed in on EQIX shares. Scotiabank reaffirmed a “sector perform” rating and issued a $1,208.00 target price on shares of Equinix in a research note on Thursday, July 30th. Rothschild & Co Redburn began coverage on Equinix in a report on Monday, September 21st. They issued a “buy” rating and a $1,261.00 price target on the stock. Truist Financial upped their price objective on Equinix from $1,215.00 to $1,220.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Stifel Nicolaus upped their price objective on Equinix from $1,250.00 to $1,265.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Barclays increased their price objective on Equinix from $1,130.00 to $1,135.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 8th.

Equinix Stock Performance

Shares of EQIX stock opened at $1,011.16 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Equinix has a 52 week low of $720.62 and a 52 week high of $1,128.68. The company’s 50 day moving average price is $1,042.39 and its two-hundred day moving average price is $1,048.21. The company has a market capitalization of $99.77 billion, a P/E ratio of 65.11, a price-to-earnings-growth ratio of 1.47 and a beta of 0.98.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, beating the consensus estimate of $4.73 by $7.05. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the prior year, the company earned $9.91 earnings per share. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, analysts expect that Equinix will post 38.23 earnings per share for the current fiscal year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th were paid a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Equinix’s dividend payout ratio (DPR) is currently 132.90%.

Insider Activity

In related news, insider Michael Paladin sold 307 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the completion of the transaction, the insider owned 2,450 shares in the company, valued at approximately $2,535,774.50. This represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kurt Pletcher sold 135 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the completion of the transaction, the insider directly owned 4,077 shares of the company’s stock, valued at approximately $4,384,813.50. This trade represents a 3.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,770 shares of company stock worth $4,884,197 over the last ninety days. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Equinix

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Equinix during the second quarter worth about $11,930,074,000. Cohen & Steers Inc. grew its stake in Equinix by 23.3% in the fourth quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock valued at $1,998,978,000 after purchasing an additional 493,141 shares in the last quarter. Principal Financial Group Inc. grew its stake in Equinix by 1.4% in the first quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock valued at $1,941,377,000 after purchasing an additional 27,643 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Equinix by 26,831.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider’s stock worth $1,291,648,000 after purchasing an additional 1,234,521 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Equinix during the 2nd quarter worth approximately $1,181,260,000. 94.94% of the stock is owned by institutional investors.

About Equinix

Equinix, Inc is a global digital infrastructure company that operates data centers and provides colocation, interconnection and related services. Its International Business Exchange (IBX) data centers allow businesses, cloud providers, network operators, financial institutions and government organizations to deploy and connect critical information technology infrastructure.

The company’s services include space, power and physical security for customer equipment, as well as private connections to cloud and network providers.