InterXion Holding NV (NYSE:INXN) Given Average Rating of “Buy” by Brokerages

InterXion Holding NV (NYSE:INXN) has received an average recommendation of “Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $82.33.

Several equities analysts recently issued reports on the company. Oppenheimer cut InterXion from an “outperform” rating to a “market perform” rating in a report on Friday, May 10th. ValuEngine raised InterXion from a “buy” rating to a “strong-buy” rating in a report on Monday, June 3rd. Stifel Nicolaus set a $74.00 price target on InterXion and gave the stock a “buy” rating in a report on Friday, May 10th. Royal Bank of Canada reissued a “buy” rating and issued a $84.00 price target on shares of InterXion in a report on Sunday, August 11th. Finally, CIBC reissued a “market perform” rating on shares of InterXion in a report on Friday, May 10th.

INXN stock traded down $2.13 during midday trading on Friday, hitting $78.44. 190,449 shares of the stock were exchanged, compared to its average volume of 500,945. The stock’s 50-day moving average price is $76.77 and its 200-day moving average price is $70.96. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 118.85, a PEG ratio of 10.02 and a beta of 0.93. InterXion has a fifty-two week low of $50.05 and a fifty-two week high of $80.84. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.68 and a current ratio of 0.68.

InterXion (NYSE:INXN) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.05). The firm had revenue of $158.48 million for the quarter, compared to analyst estimates of $157.18 million. InterXion had a return on equity of 5.29% and a net margin of 6.00%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 earnings per share. Research analysts anticipate that InterXion will post 0.57 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tortoise Index Solutions LLC acquired a new position in shares of InterXion in the first quarter worth $33,000. Flinton Capital Management LLC grew its position in shares of InterXion by 215.4% in the second quarter. Flinton Capital Management LLC now owns 656 shares of the technology company’s stock valued at $50,000 after purchasing an additional 448 shares during the period. Meadow Creek Investment Management LLC grew its position in shares of InterXion by 215.4% in the second quarter. Meadow Creek Investment Management LLC now owns 902 shares of the technology company’s stock valued at $69,000 after purchasing an additional 616 shares during the period. Glen Harbor Capital Management LLC grew its position in shares of InterXion by 215.4% in the second quarter. Glen Harbor Capital Management LLC now owns 1,148 shares of the technology company’s stock valued at $87,000 after purchasing an additional 784 shares during the period. Finally, NEXT Financial Group Inc grew its position in shares of InterXion by 13.8% in the second quarter. NEXT Financial Group Inc now owns 1,228 shares of the technology company’s stock valued at $93,000 after purchasing an additional 149 shares during the period. 93.25% of the stock is owned by institutional investors.

About InterXion

InterXion Holding N.V. provides carrier and cloud-neutral colocation data center services in France, Germany, the Netherlands, the United Kingdom, Austria, Belgium, Denmark, Ireland, Spain, Sweden, and Switzerland. The company enables its customers to connect to a range of telecommunications carriers, cloud platforms, Internet service providers, and other customers.

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Analyst Recommendations for InterXion (NYSE:INXN)

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