http://www.americanbankingnews.com/getthestreet reaffirmed their hold rating on shares of Equinix (NASDAQ: EQIX) in a research note released on Wednesday morning.
“Equinix (EQIX) has been reiterated by TheStreet Ratings as a hold with a ratings score of C+ . 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 and robust revenue growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and weak operating cash flow.”
,” TheStreet’s analyst commented.
A number of other analysts have also recently weighed in on EQIX. Analysts at Canaccord Genuity raised their EPS on shares of Equinix in a research note to investors on Monday. They now have a buy rating and a $250.00 price target on the stock. Separately, analysts at Citigroup downgraded shares of Equinix from a buy rating to a neutral rating in a research note to investors on Tuesday, January 29th. They now have a $240.00 price target on the stock, up previously from $220.00. Finally, analysts at Cowen reiterated an outperform rating on shares of Equinix in a research note to investors on Wednesday, January 9th.
Fifteen investment analysts have rated the stock with a buy rating, and four have issued a hold rating to the stock. The company has a consensus rating of buy and a consensus target price of $246.14.
Equinix traded up 0.65% on Wednesday, hitting $227.475. Equinix has a 1-year low of $131.04 and a 1-year high of $231.26. The stock’s 50-day moving average is currently $216.6. The company has a market cap of $11.072 billion and a price-to-earnings ratio of 77.32.
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