Equinix, Inc. (NASDAQ:EQIX) Receives $1,143.60 Average PT from Analysts

Shares of Equinix, Inc. (NASDAQ:EQIX) have been assigned a consensus rating of “Moderate Buy” from the twenty-nine ratings firms that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, twenty have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $1,143.60.

A number of research analysts have weighed in on EQIX shares. Stifel Nicolaus set a $1,075.00 target price on Equinix in a report on Thursday, February 12th. JPMorgan Chase & Co. upped their price target on shares of Equinix from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings raised shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Barclays boosted their target price on shares of Equinix from $1,020.00 to $1,109.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Finally, Cantor Fitzgerald upped their target price on shares of Equinix from $1,173.00 to $1,186.00 and gave the company an “overweight” rating in a report on Friday, May 1st.

Equinix Price Performance

Shares of EQIX opened at $1,080.95 on Wednesday. The firm has a market cap of $106.60 billion, a PE ratio of 74.81, a P/E/G ratio of 2.03 and a beta of 0.99. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. The firm has a fifty day simple moving average of $1,058.36 and a two-hundred day simple moving average of $914.55. Equinix has a 1-year low of $710.52 and a 1-year high of $1,128.68.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business posted $9.67 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, equities analysts anticipate that Equinix will post 37.72 EPS for the current year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be issued a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is currently 142.84%.

Insider Activity at Equinix

In other news, insider Brandi Galvin Morandi sold 630 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $961.19, for a total value of $605,549.70. Following the transaction, the insider owned 10,394 shares of the company’s stock, valued at $9,990,608.86. This trade represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Raouf Abdel sold 2,040 shares of Equinix stock in a transaction dated Friday, May 22nd. The shares were 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 directly owned 5,728 shares in the company, valued at approximately $6,206,116.16. The trade was a 26.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 11,053 shares of company stock valued at $11,569,731 in the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Equinix

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avion Wealth lifted its holdings in Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 11 shares in the last quarter. Ameriflex Group Inc. increased its stake in shares of Equinix by 433.3% in the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 26 shares in the last quarter. Physician Wealth Advisors Inc. raised its position in shares of Equinix by 266.7% during the 1st 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 during the period. Kemnay Advisory Services Inc. bought a new stake in shares of Equinix during the 4th quarter valued at $30,000. Finally, Bogart Wealth LLC lifted its stake in shares of Equinix by 233.3% during the 1st quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider’s stock valued at $39,000 after buying an additional 28 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

About Equinix

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.