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

Key Points

• Analyst sentiment remains positive: Equinix has a consensus “Moderate Buy” rating from 27 brokerages, with an average 12-month price target of $1,202.20.
• Quarterly results exceeded expectations: The company reported $11.78 in earnings per share versus the $4.73 consensus estimate, while revenue rose 16.4% year over year to $2.62 billion.
• Equinix declared a quarterly dividend of $5.16 per share, equivalent to $20.64 annually and a 1.9% yield; institutional investors and hedge funds own 94.94% of the stock.

Shares of Equinix, Inc. (NASDAQ:EQIX - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty-seven brokerages that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, twenty-one have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $1,202.20.

Several equities research analysts recently weighed in on EQIX shares. BTIG Research initiated coverage on shares of Equinix in a research report on Friday, July 10th. They set a "buy" rating and a $1,210.00 price objective for the company. Oppenheimer restated an "outperform" rating and issued a $1,200.00 target price on shares of Equinix in a research report on Thursday, April 30th. Raymond James Financial raised shares of Equinix from a "market perform" rating to a "strong-buy" rating and set a $1,250.00 price target for the company in a report on Thursday, April 30th. Truist Financial increased their price target on shares of Equinix from $1,215.00 to $1,220.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Citigroup reissued a "market outperform" rating on shares of Equinix in a research note on Tuesday, August 4th.

Insider Transactions at Equinix

In other Equinix news, Director Christopher B. Paisley sold 4,000 shares of Equinix stock in a transaction dated 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 transaction, the director owned 13,859 shares in the company, valued at $14,126,201.52. The trade was a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brandi Galvin Morandi sold 3,726 shares of the business's stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the transaction, the insider directly owned 6,132 shares of the company's stock, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their position. 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 sold 9,766 shares of company stock valued at $10,297,916. Corporate insiders own 0.27% of the company's stock.

Institutional Investors Weigh In On Equinix

Hedge funds have recently made changes to their positions in the stock. Elevation Wealth Partners LLC increased its position in 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 purchasing an additional 15 shares in the last quarter. Avion Wealth boosted its position in Equinix by 73.3% in the first 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. Physician Wealth Advisors Inc. grew its stake in shares of Equinix by 266.7% during the first 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 bought a new stake in shares of Equinix during the second quarter worth $34,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Equinix during the fourth quarter worth $30,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Performance

Shares of NASDAQ:EQIX opened at $1,102.10 on Monday. The business's 50 day simple moving average is $1,049.70 and its 200 day simple moving average is $1,014.65. Equinix has a 1 year low of $720.62 and a 1 year high of $1,128.68. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $108.74 billion, a P/E ratio of 70.97, a P/E/G ratio of 1.56 and a beta of 0.99.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data 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. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The firm had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.59 billion. During the same period in the previous year, the firm earned $9.91 EPS. The company'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. On average, research analysts anticipate that Equinix will post 38.23 EPS for the current fiscal year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be paid a $5.16 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. Equinix's dividend payout ratio (DPR) is presently 132.90%.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix's offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.

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