Equinix, Inc. (NASDAQ:EQIX) Receives $960.76 Consensus Price Target from Brokerages

Equinix, Inc. (NASDAQ:EQIX) has received an average rating of “Buy” from the twenty-nine brokerages that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and five have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $961.3333.

Several research analysts recently issued reports on EQIX shares. Dbs Bank upgraded shares of Equinix to a “moderate buy” rating in a research note on Wednesday, August 6th. BMO Capital Markets set a $900.00 price objective on shares of Equinix and gave the stock a “market perform” rating in a report on Thursday, October 30th. TD Cowen raised their target price on shares of Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Citigroup restated a “market outperform” rating on shares of Equinix in a research note on Tuesday, November 4th. Finally, Morgan Stanley started coverage on Equinix in a research report on Thursday, October 16th. They set an “overweight” rating and a $950.00 price objective for the company.

Insider Activity

In related news, insider Brandi Galvin Morandi sold 100 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $840.47, for a total transaction of $84,047.00. Following the sale, the insider directly owned 8,277 shares of the company’s stock, valued at approximately $6,956,570.19. This represents a 1.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 50 shares of Equinix stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $777.58, for a total transaction of $38,879.00. Following the completion of the transaction, the director directly owned 17,782 shares of the company’s stock, valued at $13,826,927.56. This trade represents a 0.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 5,641 shares of company stock worth $4,394,531. 0.27% of the stock is currently owned by company insiders.

Institutional Trading of Equinix

Institutional investors have recently added to or reduced their stakes in the business. Activest Wealth Management boosted its position in shares of Equinix by 121.4% during the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after buying an additional 17 shares during the last quarter. Westside Investment Management Inc. lifted its stake in Equinix by 190.9% during the 2nd quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 21 shares during the period. Ameriflex Group Inc. lifted its stake in Equinix by 433.3% during the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 26 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in shares of Equinix during the 2nd quarter valued at about $26,000. Finally, Bank of Jackson Hole Trust grew its stake in shares of Equinix by 70.0% in the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 14 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Trading Down 1.8%

EQIX opened at $765.08 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix has a 52 week low of $701.41 and a 52 week high of $994.03. The stock has a market cap of $75.12 billion, a PE ratio of 70.06, a PEG ratio of 1.38 and a beta of 0.92. The business has a 50 day moving average of $803.94 and a 200-day moving average of $815.25.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. Equinix had a return on equity of 7.74% and a net margin of 11.82%.The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the prior year, the company earned $9.05 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. Equities research analysts predict that Equinix will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be given a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s payout ratio is currently 171.79%.

Equinix Company Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.