Zacks Investment Research upgraded shares of InterXion Holding NV (NYSE:INXN) from a hold rating to a buy rating in a report released on Wednesday. They currently have $40.00 target price on the stock.
According to Zacks, “Interxion Holding N.V. operates as a provider of carrier-neutral colocation data center services in Europe. The Company’s data centre facilitates processing, storage, sharing and distribution of data, content, applications and media among carriers and customers. Its carrier-neutral colocation services includes space, power, cooling to house its customers’ computing, network, storage and IT infrastructure. Additionally, Interxion also offers network monitoring, remote monitoring of customer equipment, systems management, engineering support services, cross connects, data backup and storage. The Company’s data centres are located in London, Frankfurt, Paris, Amsterdam and Madrid, the main data center markets in Europe. Interxion Holding N.V. is headquartered in Schiphol-Rijk, the Netherlands. “
A number of other equities research analysts have also commented on the stock. Jefferies Group lowered shares of InterXion Holding NV from a buy rating to a hold rating in a report on Monday, June 13th. Wells Fargo & Co. reaffirmed a buy rating on shares of InterXion Holding NV in a research note on Wednesday, September 28th. Finally, SunTrust Banks Inc. began coverage on shares of InterXion Holding NV in a research note on Thursday, July 21st. They issued a buy rating and a $45.00 target price on the stock. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. InterXion Holding NV currently has a consensus rating of Buy and a consensus target price of $37.09.
InterXion Holding NV (NYSE:INXN) opened at 37.42 on Wednesday. The company’s 50-day moving average is $37.01 and its 200-day moving average is $36.27. InterXion Holding NV has a 12 month low of $26.75 and a 12 month high of $38.72. The stock has a market capitalization of $2.64 billion, a P/E ratio of 56.61 and a beta of 1.09.
InterXion Holding NV (NYSE:INXN) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.01. InterXion Holding NV had a return on equity of 7.79% and a net margin of 10.35%. The company had revenue of $104.03 million for the quarter, compared to the consensus estimate of $104.18 million. During the same period in the prior year, the company earned $0.31 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. Equities analysts anticipate that InterXion Holding NV will post $0.62 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the company. Artisan Partners Limited Partnership bought a new stake in shares of InterXion Holding NV during the second quarter valued at approximately $50,851,000. Resolution Capital Ltd bought a new stake in shares of InterXion Holding NV during the second quarter valued at approximately $33,946,000. Teachers Advisors Inc. bought a new stake in shares of InterXion Holding NV during the second quarter valued at approximately $18,182,000. Principal Financial Group Inc. increased its stake in shares of InterXion Holding NV by 22.5% in the second quarter. Principal Financial Group Inc. now owns 2,589,492 shares of the company’s stock valued at $95,500,000 after buying an additional 475,235 shares during the period. Finally, Moore Capital Management LP bought a new stake in shares of InterXion Holding NV during the first quarter valued at approximately $15,561,000. Hedge funds and other institutional investors own 85.28% of the company’s stock.
About InterXion Holding NV
InterXion Holding N.V. is a provider of carrier and cloud neutral colocation data center services in Europe. The Company operates through two segments: France, Germany, The Netherlands and UK, and rest of Europe, which consists of its operations in Austria, Belgium, Denmark, Ireland, Spain, Sweden and Switzerland.
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