Equinix, Inc. (NASDAQ:EQIX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Equinix, Inc. (NASDAQ:EQIX) have earned a consensus rating of “Moderate Buy” from the twenty-seven research firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $1,204.80.

EQIX has been the topic of a number of recent analyst reports. Scotiabank reiterated a “sector perform” rating and issued a $1,208.00 price objective on shares of Equinix in a report on Thursday, July 30th. Royal Bank Of Canada upped their price target on Equinix from $1,125.00 to $1,225.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Evercore reiterated an “outperform” rating and issued a $1,270.00 price target on shares of Equinix in a research note on Tuesday, August 18th. Jefferies Financial Group reissued a “buy” rating and set a $1,340.00 price objective on shares of Equinix in a report on Thursday, July 30th. Finally, Barclays raised their price objective on shares of Equinix from $1,130.00 to $1,135.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 8th.

Insider Buying and Selling

In other Equinix news, insider Michael Paladin sold 307 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the transaction, the insider owned 2,450 shares of the company’s stock, valued at approximately $2,535,774.50. This trade represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total value of $137,947.50. Following the sale, the director owned 13,734 shares in the company, valued at $15,156,567.72. This trade represents a 0.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,770 shares of company stock worth $4,884,197 in the last ninety days. 0.27% of the stock is owned by corporate insiders.

Institutional Trading of Equinix

Large investors have recently made changes to their positions in the company. Avion Wealth boosted its holdings in shares of Equinix by 73.3% in the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 11 shares during the last quarter. Elevation Wealth Partners LLC increased its holdings in shares of Equinix by 166.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock worth $25,000 after buying an additional 15 shares during the last quarter. Physician Wealth Advisors Inc. increased its holdings in shares of Equinix by 266.7% during the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after buying an additional 24 shares during the last quarter. Trust Co. of Vermont purchased a new position in shares of Equinix in the 2nd quarter worth $34,000. Finally, Bogart Wealth LLC raised its position in shares of Equinix by 233.3% in the 1st quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider’s stock worth $39,000 after buying an additional 28 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Performance

Shares of EQIX stock opened at $1,025.94 on Friday. The company has a market cap of $101.23 billion, a P/E ratio of 66.06, a PEG ratio of 1.45 and a beta of 0.99. The firm has a fifty day moving average price of $1,044.13 and a 200 day moving average price of $1,041.69. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix has a 12 month low of $720.62 and a 12 month high of $1,128.68.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, beating analysts’ consensus estimates of $4.73 by $7.05. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.Equinix’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm earned $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Sell-side analysts predict that Equinix will post 38.23 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were given a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Equinix’s dividend payout ratio (DPR) is 132.90%.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides interconnection and cloud connectivity services. Its facilities, known as International Business Exchange (IBX) data centers, enable businesses, cloud providers, network operators, financial institutions and other organizations to securely house technology infrastructure and exchange data.

The company’s Platform Equinix services include colocation, private and public cloud connectivity, network interconnection, managed infrastructure and digital services.