InterXion (INXN) Receives “Buy” Rating from Oppenheimer

Oppenheimer reissued their buy rating on shares of InterXion (NYSE:INXN) in a report issued on Tuesday. Oppenheimer currently has a $68.00 target price on the technology company’s stock. Oppenheimer also issued estimates for InterXion’s FY2018 earnings at $0.95 EPS and FY2019 earnings at $1.14 EPS.

INXN has been the subject of several other research reports. Citigroup reaffirmed an outperform rating and issued a $68.00 price objective (up previously from $62.00) on shares of InterXion in a research report on Tuesday. Zacks Investment Research raised shares of InterXion from a hold rating to a buy rating and set a $66.00 price objective for the company in a research report on Wednesday, January 3rd. BidaskClub raised shares of InterXion from a buy rating to a strong-buy rating in a research report on Saturday, November 4th. SunTrust Banks reaffirmed a buy rating and issued a $68.00 price objective on shares of InterXion in a research report on Thursday, December 7th. Finally, Wells Fargo & Co reaffirmed an outperform rating and issued a $62.00 price objective (up previously from $54.00) on shares of InterXion in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $59.40.

InterXion (INXN) traded down $0.49 during midday trading on Tuesday, reaching $58.15. 539,823 shares of the company traded hands, compared to its average volume of 366,706. InterXion has a 52-week low of $36.72 and a 52-week high of $60.50. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $4,140.00, a price-to-earnings ratio of 96.92, a price-to-earnings-growth ratio of 5.90 and a beta of 0.56.

Several hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of InterXion by 7.0% during the third quarter. Principal Financial Group Inc. now owns 3,870,675 shares of the technology company’s stock worth $197,134,000 after buying an additional 253,658 shares in the last quarter. Alyeska Investment Group L.P. grew its position in shares of InterXion by 4.1% during the third quarter. Alyeska Investment Group L.P. now owns 2,052,751 shares of the technology company’s stock worth $104,547,000 after buying an additional 81,163 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of InterXion during the second quarter worth approximately $72,151,000. AMP Capital Investors Ltd grew its position in shares of InterXion by 6.1% during the third quarter. AMP Capital Investors Ltd now owns 1,524,100 shares of the technology company’s stock worth $77,622,000 after buying an additional 87,500 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of InterXion by 1.1% during the third quarter. Wells Fargo & Company MN now owns 1,414,509 shares of the technology company’s stock worth $72,041,000 after buying an additional 15,619 shares in the last quarter. 86.45% of the stock is owned by institutional investors and hedge funds.

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About InterXion

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.

Analyst Recommendations for InterXion (NYSE:INXN)

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