Equinix, Inc. (NASDAQ:EQIX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Equinix, Inc. (NASDAQ:EQIX) have been assigned an average recommendation of “Moderate Buy” from the twenty-seven brokerages that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $1,203.40.

Several equities analysts have weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a report on Thursday, April 30th. The Goldman Sachs Group upped their price objective on shares of Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,270.00 price objective on shares of Equinix in a research note on Monday, August 3rd. Scotiabank restated a “sector perform” rating and set a $1,208.00 price objective on shares of Equinix in a research report on Thursday, July 30th. Finally, Truist Financial boosted their target price on Equinix from $1,215.00 to $1,220.00 and gave the stock a “buy” rating in a research note on Friday, July 31st.

Equinix Price Performance

Shares of EQIX opened at $1,065.39 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix has a 12 month low of $720.62 and a 12 month high of $1,128.68. The firm’s 50 day moving average is $1,052.66 and its 200-day moving average is $1,023.98. The stock has a market capitalization of $105.12 billion, a PE ratio of 68.60, a P/E/G ratio of 1.51 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $7.05. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities research analysts forecast that Equinix will post 38.23 EPS for the current year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be paid a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 19th. Equinix’s dividend payout ratio is presently 132.90%.

Insider Activity

In related news, Director Christopher B. Paisley sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the sale, the director directly owned 13,859 shares in the company, valued at $14,126,201.52. This represents a 22.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kurt Pletcher sold 135 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the completion of the transaction, the insider owned 4,077 shares in the company, valued at approximately $4,384,813.50. The trade was a 3.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 7,986 shares of company stock valued at $8,370,777 over the last quarter. 0.27% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Avion Wealth grew its stake in Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 11 shares during the period. Elevation Wealth Partners LLC increased its holdings in Equinix by 166.7% in the second quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 15 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in Equinix in the fourth quarter valued at approximately $30,000. Physician Wealth Advisors Inc. lifted its stake in Equinix by 266.7% in the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after buying an additional 24 shares during the period. Finally, WPG Advisers LLC boosted its holdings in shares of Equinix by 51.7% during the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after buying an additional 15 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

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.