Brokerages Set Equinix, Inc. (NASDAQ:EQIX) Target Price at $961.33

Shares of Equinix, Inc. (NASDAQ:EQIX) have been assigned an average recommendation of “Moderate Buy” from the twenty-eight ratings firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and four have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $958.15.

Several research firms have issued reports on EQIX. Zacks Research cut shares of Equinix from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Daiwa Capital Markets set a $917.00 price target on shares of Equinix and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Barclays lifted their price objective on shares of Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a report on Wednesday, August 20th. BMO Capital Markets upgraded shares of Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 price target for the company in a research report on Wednesday, December 3rd. Finally, TD Cowen raised their target price on Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a report on Thursday, October 30th.

Insider Activity at Equinix

In related news, Director Christopher B. Paisley sold 50 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $777.58, for a total value of $38,879.00. Following the completion of 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kurt Pletcher sold 290 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $731.19, for a total transaction of $212,045.10. Following the completion of the sale, the insider owned 2,433 shares of the company’s stock, valued at approximately $1,778,985.27. The trade was a 10.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,704 shares of company stock valued at $6,617,748 in the last ninety days. 0.27% of the stock is owned by insiders.

Institutional Trading of Equinix

A number of hedge funds have recently modified their holdings of the company. Valeo Financial Advisors LLC raised its position in shares of Equinix by 298,148.6% during the second quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock worth $6,488,728,000 after purchasing an additional 8,154,365 shares during the period. Norges Bank acquired a new stake in Equinix during the 2nd quarter worth approximately $892,431,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Equinix by 408.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock valued at $929,312,000 after acquiring an additional 953,001 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Equinix by 25.8% during the third quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock worth $2,252,094,000 after acquiring an additional 588,967 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Equinix by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 13,129,041 shares of the financial services provider’s stock worth $10,443,758,000 after buying an additional 222,221 shares during the period. Institutional investors own 94.94% of the company’s stock.

Equinix Trading Up 0.4%

NASDAQ EQIX traded up $2.72 during trading on Wednesday, hitting $760.87. 59,313 shares of the company’s stock traded hands, compared to its average volume of 583,919. The stock has a fifty day moving average of $788.47 and a two-hundred day moving average of $797.98. Equinix has a 12-month low of $701.41 and a 12-month high of $964.73. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market cap of $74.71 billion, a P/E ratio of 69.84, a PEG ratio of 1.55 and a beta of 1.05.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. Equinix had a return on equity of 7.70% and a net margin of 11.82%.The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter last year, the company earned $9.05 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. As a group, sell-side analysts expect that Equinix will post 33.1 EPS for the current year.

Equinix Announces Dividend

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

Equinix Company Profile

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.