Equinix, Inc. (NASDAQ:EQIX) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Equinix, Inc. has received an average recommendation of "Buy" from 29 research firms, with average twelve-month price targets around $962.52.
• The company recently reported $9.91 EPS for the last quarter, significantly exceeding analysts' expectations of $3.49 EPS, while revenue increased by 4.5% year-over-year.
• Equinix announced a quarterly dividend of $4.69, reflecting an annualized dividend yield of 2.4% with a payout ratio of 183.74%.

Shares of Equinix, Inc. (NASDAQ:EQIX - Get Free Report) have been assigned an average rating of "Buy" from the twenty-nine ratings firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and five have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $962.5238.

EQIX has been the topic of a number of recent research reports. Guggenheim initiated coverage on Equinix in a research report on Thursday, July 10th. They set a "buy" rating and a $933.00 target price on the stock. JMP Securities restated a "market outperform" rating and issued a $1,200.00 price objective on shares of Equinix in a research report on Tuesday, July 22nd. Wolfe Research downgraded shares of Equinix from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. BMO Capital Markets cut Equinix from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $1,045.00 to $850.00 in a report on Thursday, June 26th. Finally, Dbs Bank upgraded Equinix to a "moderate buy" rating in a report on Wednesday, August 6th.

Equinix Stock Performance

NASDAQ:EQIX traded down $1.02 during midday trading on Monday, reaching $761.21. The stock had a trading volume of 153,528 shares, compared to its average volume of 610,074. Equinix has a 1-year low of $701.41 and a 1-year high of $994.03. The firm's fifty day simple moving average is $780.14 and its 200-day simple moving average is $830.59. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $74.49 billion, a P/E ratio of 74.55, a PEG ratio of 1.40 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping the consensus estimate of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The business had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the previous year, the firm earned $9.22 EPS. The firm's revenue was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, equities research analysts forecast that Equinix will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be paid a $4.69 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a yield of 2.5%. Equinix's dividend payout ratio is 183.74%.

Insiders Place Their Bets

In other Equinix news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the sale, the director owned 17,832 shares in the company, valued at $13,935,708. The trade was a 0.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EQIX. Brighton Jones LLC increased its stake in shares of Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock valued at $307,000 after buying an additional 73 shares during the period. Bank Pictet & Cie Europe AG purchased a new stake in Equinix during the fourth quarter worth about $2,027,000. Mercer Global Advisors Inc. ADV increased its holdings in Equinix by 270.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,984 shares of the financial services provider's stock worth $9,414,000 after buying an additional 7,290 shares during the last quarter. Aptus Capital Advisors LLC lifted its holdings in Equinix by 5.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 891 shares of the financial services provider's stock valued at $840,000 after purchasing an additional 49 shares during the last quarter. Finally, Ancora Advisors LLC grew its holdings in Equinix by 10.7% during the 4th quarter. Ancora Advisors LLC now owns 405 shares of the financial services provider's stock valued at $382,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Company Profile

Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.