Several brokerages have updated their recommendations and price targets on shares of Equinix (NASDAQ: EQIX) in the last few weeks:
- 2/6/2025 – Equinix had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $1,200.00 price target on the stock.
- 2/5/2025 – Equinix was upgraded by analysts at Moffett Nathanson from a “hold” rating to a “strong-buy” rating.
- 2/4/2025 – Equinix had its price target lowered by analysts at Wells Fargo & Company from $1,100.00 to $1,075.00. They now have an “overweight” rating on the stock.
- 1/27/2025 – Equinix was upgraded by analysts at Citizens Jmp to a “strong-buy” rating.
- 1/27/2025 – Equinix is now covered by analysts at JMP Securities. They set an “outperform” rating and a $1,200.00 price target on the stock.
- 1/23/2025 – Equinix had its price target raised by analysts at Scotiabank from $985.00 to $1,114.00. They now have a “sector outperform” rating on the stock.
Equinix Stock Down 0.9 %
Shares of EQIX opened at $935.20 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The company has a 50-day simple moving average of $937.53 and a 200-day simple moving average of $894.48. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The firm has a market capitalization of $90.24 billion, a P/E ratio of 84.33, a P/E/G ratio of 2.23 and a beta of 0.72.
Equinix (NASDAQ:EQIX – Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $5.17. Equinix had a return on equity of 8.34% and a net margin of 12.29%. On average, equities research analysts expect that Equinix, Inc. will post 31.09 earnings per share for the current year.
Equinix Increases Dividend
Insider Buying and Selling at Equinix
In related news, Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $891.00, for a total value of $89,100.00. Following the sale, the director now owns 17,794 shares of the company’s stock, valued at $15,854,454. The trade was a 0.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adaire Fox-Martin sold 2,965 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total value of $2,851,203.30. Following the transaction, the chief executive officer now owns 3,069 shares of the company’s stock, valued at $2,951,211.78. This represents a 49.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,801 shares of company stock valued at $15,530,564 in the last 90 days. 0.27% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Equinix
Large investors have recently made changes to their positions in the company. Motley Fool Asset Management LLC boosted its position in Equinix by 7.6% in the fourth quarter. Motley Fool Asset Management LLC now owns 19,116 shares of the financial services provider’s stock valued at $18,024,000 after buying an additional 1,351 shares in the last quarter. World Investment Advisors bought a new position in shares of Equinix in the fourth quarter valued at approximately $862,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Equinix by 0.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 366,013 shares of the financial services provider’s stock worth $345,110,000 after acquiring an additional 2,561 shares in the last quarter. Potomac Fund Management Inc. ADV bought a new stake in Equinix during the 4th quarter worth approximately $1,156,000. Finally, Groupama Asset Managment increased its holdings in Equinix by 9.7% during the 4th quarter. Groupama Asset Managment now owns 40,728 shares of the financial services provider’s stock valued at $38,119,000 after purchasing an additional 3,594 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.
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.
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