Equinix (NASDAQ: EQIX)‘s stock had its “buy” rating reaffirmed by research analysts at TheStreet in a report released on Friday.
The analysts wrote, “Equinix (EQIX) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
Equinix traded down 0.23% on Friday, hitting $215.57. Equinix has a 1-year low of $137.63 and a 1-year high of $231.26. The stock’s 50-day moving average is currently $217.2. The company has a market cap of $10.520 billion and a price-to-earnings ratio of 73.92.
Equinix last issued its quarterly earnings data on Wednesday, February 13th. The company reported $0.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.25. The company had revenue of $506.50 million for the quarter, compared to the consensus estimate of $504.57 million. During the same quarter last year, the company posted $0.35 earnings per share. Equinix’s revenue was up 17.5% compared to the same quarter last year. On average, analysts predict that Equinix will post $3.72 earnings per share for the current fiscal year.
EQIX has been the subject of a number of other recent research reports. Analysts at National Securities raised their price target on shares of Equinix to $260.00 in a research note to investors on Friday, February 15th. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Equinix in a research note to investors on Friday, February 15th. They now have a $237.00 price target on the stock. Finally, analysts at Evercore Partners raised their price target on shares of Equinix from $260.00 to $265.00 in a research note to investors on Thursday, February 14th. They now have an “overweight” rating on the stock.
Fourteen analysts have rated the stock with a buy rating, and five have assigned a hold rating to the company. The company currently has a consensus rating of “overweight” and a consensus price target of $245.43.
Equinix, Inc. (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers.
To view TheStreet’s full report, visit www.thestreetratings.com
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