Equinix (NASDAQ:EQIX) Price Target Raised to $973.00

Equinix (NASDAQ:EQIX) had its price target hoisted by Truist Financial from $961.00 to $973.00 in a research report released on Tuesday, Marketbeat Ratings reports. Truist Financial currently has a buy rating on the financial services provider’s stock.

Several other equities research analysts also recently commented on the stock. TD Cowen lifted their price objective on shares of Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Cfra Research lowered Equinix from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. BMO Capital Markets set a $900.00 price target on Equinix and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Daiwa Capital Markets set a $917.00 price objective on Equinix and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, Zacks Research upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $961.33.

Equinix Price Performance

Shares of EQIX stock opened at $752.81 on Tuesday. Equinix has a twelve month low of $701.41 and a twelve month high of $994.03. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The stock has a fifty day simple moving average of $803.05 and a two-hundred day simple moving average of $814.81. The stock has a market capitalization of $73.92 billion, a price-to-earnings ratio of 68.94, a P/E/G ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period last year, the company posted $9.05 earnings per share. Equinix’s revenue was up 5.2% compared to the same quarter last year. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. On average, analysts predict that Equinix will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th will be given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s dividend payout ratio (DPR) is currently 171.79%.

Insider Buying and Selling

In related news, insider Brandi Galvin Morandi sold 100 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $840.47, for a total transaction of $84,047.00. Following the sale, the insider directly owned 8,277 shares of the company’s stock, valued at approximately $6,956,570.19. This represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 50 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $777.58, for a total transaction of $38,879.00. Following the sale, the director owned 17,782 shares in the company, valued at approximately $13,826,927.56. This represents a 0.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 5,641 shares of company stock worth $4,394,531. Corporate insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Equinix

Several hedge funds have recently modified their holdings of EQIX. Vanguard Group Inc. increased its stake in shares of Equinix by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 13,291,679 shares of the financial services provider’s stock valued at $10,410,575,000 after purchasing an additional 162,638 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in Equinix by 298,148.6% in the second quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock valued at $6,488,728,000 after purchasing an additional 8,154,365 shares during the period. State Street Corp increased its position in shares of Equinix by 3.7% in the second quarter. State Street Corp now owns 6,249,780 shares of the financial services provider’s stock valued at $4,971,512,000 after buying an additional 220,981 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Equinix by 25.8% in the third quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock valued at $2,252,094,000 after buying an additional 588,967 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Equinix by 3.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,969,498 shares of the financial services provider’s stock worth $1,542,595,000 after buying an additional 56,592 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

About Equinix

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.