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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Equinix, with 21 buy, 2 strong-buy and 5 hold ratings among 28 analysts. The average 12-month price target is $1,206.96.
• Equinix reported quarterly EPS of $11.78, far above the $4.73 consensus estimate, while revenue rose 16.4% year over year to $2.62 billion.
• The company paid a quarterly dividend of $5.16 per share, equivalent to a $20.64 annualized dividend and a 2.0% yield; institutional investors own approximately 94.94% of outstanding shares.

Equinix, Inc. (NASDAQ:EQIX - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty-eight analysts that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $1,206.96.

Several brokerages have recently commented on EQIX. Royal Bank Of Canada lifted their target price on Equinix from $1,125.00 to $1,225.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Scotiabank reissued a "sector perform" rating and set a $1,208.00 target price on shares of Equinix in a research note on Thursday, July 30th. BTIG Research boosted their price target on Equinix from $1,210.00 to $1,240.00 and gave the stock a "buy" rating in a research report on Thursday, September 10th. Stifel Nicolaus upped their price target on shares of Equinix from $1,250.00 to $1,265.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Finally, Cantor Fitzgerald upped their price objective on Equinix from $1,186.00 to $1,211.00 and gave the company an "overweight" rating in a report on Thursday, July 30th.

Equinix Stock Performance

Shares of EQIX stock opened at $1,023.44 on Tuesday. The company has a 50 day moving average price of $1,042.40 and a 200 day moving average price of $1,046.92. Equinix has a one year low of $720.62 and a one year high of $1,128.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $100.98 billion, a price-to-earnings ratio of 65.90, a price-to-earnings-growth ratio of 1.47 and a beta of 0.98.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $7.05. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the prior year, the business earned $9.91 earnings per share. The business's quarterly revenue was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Sell-side analysts anticipate that Equinix will post 38.23 EPS for the current year.

Equinix Announces Dividend

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

Insiders Place Their Bets

In other Equinix news, insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the completion of the sale, the insider owned 4,077 shares of the company's stock, valued at $4,384,813.50. This trade represents a 3.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the completion of the transaction, the director directly owned 13,734 shares in the company, valued at $15,156,567.72. This trade represents a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 4,770 shares of company stock worth $4,884,197. Company insiders own 0.27% of the company's stock.

Institutional Investors Weigh In On Equinix

Institutional investors have recently made changes to their positions in the company. Rosenberg Matthew Hamilton lifted its stake in Equinix by 48.8% in the third quarter. Rosenberg Matthew Hamilton now owns 61 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 20 shares during the last quarter. CX Institutional increased its stake in shares of Equinix by 27.3% during the 3rd quarter. CX Institutional now owns 602 shares of the financial services provider's stock worth $609,000 after purchasing an additional 129 shares during the last quarter. Montecito Bank & Trust acquired a new position in shares of Equinix during the 3rd quarter worth $322,000. QRG Capital Management Inc. raised its holdings in shares of Equinix by 16.3% during the 2nd quarter. QRG Capital Management Inc. now owns 1,133 shares of the financial services provider's stock valued at $1,181,000 after purchasing an additional 159 shares in the last quarter. Finally, Andra AP fonden raised its holdings in shares of Equinix by 102.7% during the 2nd quarter. Andra AP fonden now owns 16,975 shares of the financial services provider's stock valued at $17,695,000 after purchasing an additional 8,600 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

About Equinix

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.

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