Equinix, Inc. (NASDAQ:EQIX) Stock Has Average Target Price of $1,206.96 According to Brokerages

Equinix, Inc. (NASDAQ:EQIX) has been assigned an average recommendation of “Moderate Buy” from the thirty-three ratings firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $1,206.55.

EQIX has been the topic of several recent analyst reports. Evercore reissued an “outperform” rating and set a $1,270.00 price objective (up from $1,240.00) on shares of Equinix in a research report on Tuesday, August 18th. JPMorgan Chase & Co. lifted their target price on shares of Equinix from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. TD Cowen lifted their target price on shares of Equinix from $1,143.00 to $1,166.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Weiss Ratings downgraded shares of Equinix from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. Finally, Cantor Fitzgerald increased their price target on shares of Equinix from $1,186.00 to $1,211.00 and gave the company an “overweight” rating in a report on Thursday, July 30th.

Equinix Trading Up 0.6%

NASDAQ EQIX opened at $1,032.60 on Tuesday. Equinix has a 12 month low of $720.62 and a 12 month high of $1,128.68. The stock has a market cap of $101.89 billion, a P/E ratio of 66.49, a P/E/G ratio of 1.47 and a beta of 0.98. The stock’s fifty day moving average price is $1,042.55 and its 200-day moving average price is $1,049.11. 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 (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, beating the consensus estimate of $4.73 by $7.05. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the company earned $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, equities analysts forecast that Equinix will post 38.23 EPS for the current fiscal year.

Equinix Announces Dividend

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

Insider Buying and Selling

In other Equinix news, insider Kurt Pletcher sold 135 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the sale, the insider directly owned 4,077 shares in the company, valued at approximately $4,384,813.50. This trade represents a 3.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 4,000 shares of Equinix stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the completion of the sale, the director directly owned 13,859 shares of the company’s stock, valued at approximately $14,126,201.52. The trade was a 22.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,770 shares of company stock worth $4,884,197 in the last three months. Insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

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

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides colocation, interconnection and related services. Its International Business Exchange (IBX) data centers allow businesses, cloud providers, network operators, financial institutions and government organizations to deploy and connect critical information technology infrastructure.

The company’s services include space, power and physical security for customer equipment, as well as private connections to cloud and network providers.