Equinix, Inc. (NASDAQ:EQIX) Given Average Recommendation of “Moderate Buy” by Brokerages

Equinix, Inc. (NASDAQ:EQIX) has earned a consensus recommendation of “Moderate Buy” from the twenty-six ratings firms that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $1,153.3750.

Several research analysts have weighed in on the company. Wells Fargo & Company increased their price objective on Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price objective on shares of Equinix from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,207.00 target price on shares of Equinix in a research report on Tuesday, May 5th. Mizuho raised their target price on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, Morgan Stanley lifted their price target on shares of Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Monday, April 13th.

Equinix Trading Down 1.1%

Shares of NASDAQ:EQIX opened at $1,002.02 on Friday. Equinix has a 12-month low of $720.62 and a 12-month high of $1,128.68. The business has a 50 day moving average of $1,075.27 and a 200-day moving average of $957.83. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. The stock has a market cap of $98.82 billion, a PE ratio of 69.34, a P/E/G ratio of 1.88 and a beta of 0.98.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, equities research analysts forecast that Equinix will post 38.26 earnings per share for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th were paid a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is 142.84%.

Insider Buying and Selling

In related news, EVP Raouf Abdel sold 2,040 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the transaction, the executive vice president owned 5,728 shares in the company, valued at approximately $6,206,116.16. This trade represents a 26.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the completion of the transaction, the insider directly owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. This trade represents 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. Insiders sold 11,539 shares of company stock valued at $12,455,054 over the last 90 days. 0.27% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Equinix

Large investors have recently bought and sold shares of the company. Ameriflex Group Inc. lifted its holdings in shares of Equinix by 433.3% during the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 26 shares during the period. Avion Wealth increased its stake 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 acquiring an additional 11 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in Equinix in the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC raised its position in Equinix by 200.0% during the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 28 shares in the last quarter. Finally, Physician Wealth Advisors Inc. raised its position in Equinix by 266.7% during the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 24 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

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.