Equinix, Inc. (NASDAQ:EQIX) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analyst sentiment is bullish: Equinix has an average “Moderate Buy” rating from 27 analysts, including 21 buys and two strong buys. The average 12-month price target is $1,204.80.
• Recent results exceeded expectations: Equinix reported quarterly EPS of $11.78 versus the $4.73 consensus estimate, while revenue rose 16.4% year over year to $2.62 billion.
• Dividend and ownership details: The company declared a quarterly dividend of $5.16, equivalent to a 2.0% annualized yield, while institutional investors own 94.94% of outstanding shares. Insiders sold 4,770 shares worth approximately $4.88 million during the last quarter.

Equinix, Inc. (NASDAQ:EQIX - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty-seven research firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers 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 research reports. TD Cowen boosted their target price on shares of Equinix from $1,143.00 to $1,166.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Citigroup reiterated a "market outperform" rating on shares of Equinix in a research note on Tuesday, August 4th. Guggenheim reaffirmed a "buy" rating and set a $1,235.00 target price on shares of Equinix in a report on Wednesday, May 20th. HSBC restated a "buy" rating and set a $1,400.00 price objective on shares of Equinix in a research report on Friday, August 14th. Finally, BTIG Research lifted their price objective on Equinix from $1,210.00 to $1,240.00 and gave the stock a "buy" rating in a report on Thursday.

Insider Buying and Selling at Equinix

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

Institutional Investors Weigh In On Equinix

Hedge funds have recently modified their holdings of the business. Elevation Wealth Partners LLC raised its position in shares of Equinix by 166.7% during the second quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider's stock valued at $25,000 after buying an additional 15 shares during the last quarter. Avion Wealth grew its position in shares of Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 11 shares in the last quarter. Physician Wealth Advisors Inc. increased its holdings in shares of 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 purchasing an additional 24 shares during the last quarter. Trust Co. of Vermont bought a new stake in shares of Equinix in the second quarter worth about $34,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Equinix in the fourth quarter worth about $30,000. Institutional investors own 94.94% of the company's stock.

Equinix Stock Performance

NASDAQ EQIX opened at $1,023.81 on Friday. The firm's 50 day simple moving average is $1,043.91 and its 200 day simple moving average is $1,039.54. The firm has a market capitalization of $101.02 billion, a price-to-earnings ratio of 65.92, a P/E/G ratio of 1.49 and a beta of 0.99. Equinix has a 1 year low of $720.62 and a 1 year high of $1,128.68. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $7.05. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The company's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the company posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, research analysts expect that Equinix will post 38.23 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be given a $5.16 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. Equinix's dividend payout ratio is currently 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.

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