Interxion (INXN) Price Target Increased to $75.00 by Analysts at Royal Bank of Canada

Interxion (NYSE:INXN) had its price target increased by Royal Bank of Canada to $75.00 in a research report sent to investors on Monday morning. They currently have an outperform rating on the technology company’s stock.

Other equities analysts also recently issued reports about the stock. TheStreet raised shares of Interxion from a c+ rating to a b rating in a research note on Monday, April 9th. Zacks Investment Research raised shares of Interxion from a hold rating to a buy rating and set a $68.00 target price for the company in a research note on Tuesday, March 13th. Guggenheim reaffirmed a buy rating and issued a $67.00 target price on shares of Interxion in a research note on Thursday, January 25th. Barclays reaffirmed a buy rating and issued a $72.00 target price on shares of Interxion in a research note on Friday, January 19th. Finally, SunTrust Banks lifted their price target on shares of Interxion to $76.00 and gave the stock a buy rating in a research report on Thursday, March 8th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Interxion currently has an average rating of Buy and an average target price of $68.45.

Shares of NYSE INXN opened at $63.51 on Monday. Interxion has a 1-year low of $64.14 and a 1-year high of $65.12. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 85.03, a P/E/G ratio of 5.12 and a beta of 0.67. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.18.

Interxion (NYSE:INXN) last announced its earnings results on Thursday, May 3rd. The technology company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). Interxion had a return on equity of 7.62% and a net margin of 8.46%. The company had revenue of $133.80 million during the quarter, compared to the consensus estimate of $133.00 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The company’s revenue was up 17.5% on a year-over-year basis. equities research analysts anticipate that Interxion will post 0.88 earnings per share for the current year.

Several large investors have recently modified their holdings of INXN. Financial Gravity Companies Inc. acquired a new stake in shares of Interxion during the 4th quarter worth approximately $140,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Interxion during the 1st quarter worth approximately $149,000. LPL Financial LLC acquired a new position in Interxion during the fourth quarter valued at approximately $216,000. AXA acquired a new position in Interxion during the fourth quarter valued at approximately $241,000. Finally, Keybank National Association OH acquired a new position in Interxion during the fourth quarter valued at approximately $257,000. Institutional investors own 94.77% of the company’s stock.

Interxion Company Profile

InterXion Holding N.V. provides carrier and cloud neutral colocation data center services in France, Germany, the Netherlands, the United Kingdom, and the rest of Europe. The company enables its customers to connect to a range of telecommunications carriers, Internet service providers, and other customers.

Analyst Recommendations for Interxion (NYSE:INXN)

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