Equinix, Inc. (NASDAQ:EQIX) Stock Has Consensus Target Price of $1,206.96 According to Brokerages

Shares of Equinix, Inc. (NASDAQ:EQIX) have been assigned an average rating of “Moderate Buy” from the thirty-three brokerages that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $1,206.55.

Several equities research analysts recently commented on the company. Rothschild & Co Redburn assumed coverage on Equinix in a report on Monday, September 21st. They set a “buy” rating and a $1,261.00 target price on the stock. Mizuho increased their price target on Equinix from $1,200.00 to $1,275.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,270.00 price target (up from $1,207.00) on shares of Equinix in a research report on Monday, August 3rd. JPMorgan Chase & Co. boosted their price objective on Equinix from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Finally, Sanford C. Bernstein upped their price objective on Equinix from $1,222.00 to $1,270.00 and gave the company an “outperform” rating in a report on Thursday, July 30th.

Equinix Stock Performance

Shares of EQIX opened at $1,026.06 on Tuesday. The firm has a market capitalization of $101.24 billion, a PE ratio of 66.07, a P/E/G ratio of 1.47 and a beta of 0.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a 50-day moving average price of $1,042.53 and a 200 day moving average price of $1,048.06. Equinix has a 52-week low of $720.62 and a 52-week high of $1,128.68.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, topping analysts’ consensus estimates of $4.73 by $7.05. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. Equinix’s revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm earned $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, sell-side analysts anticipate that Equinix will post 38.23 earnings per share for the current fiscal year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were issued a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Equinix’s payout ratio is presently 132.90%.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 4,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the completion of the sale, the director directly owned 13,859 shares of the company’s stock, valued at approximately $14,126,201.52. This represents a 22.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kurt Pletcher sold 135 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 4,077 shares of the company’s stock, valued at approximately $4,384,813.50. This trade represents 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 have sold a total of 4,770 shares of company stock valued at $4,884,197 over the last three months. Company insiders own 0.27% of the company’s stock.

Institutional Trading of Equinix

Hedge funds and other institutional investors have recently made changes to their positions in the business. Avion Wealth grew its position in Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after buying an additional 11 shares during the last quarter. Elevation Wealth Partners LLC lifted its position in shares of Equinix by 166.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 15 shares during the last quarter. Physician Wealth Advisors Inc. boosted its position in shares of Equinix by 266.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 24 shares during the period. Trust Co. of Vermont acquired a new position in shares of Equinix in the second quarter worth about $34,000. Finally, Bogart Wealth LLC grew its position in Equinix by 233.3% during the 1st quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 28 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides colocation, interconnection and related services. Its International Business Exchange (IBX) data centers allow businesses, cloud providers, network operators, financial institutions and government organizations to deploy and connect critical information technology infrastructure.

The company’s services include space, power and physical security for customer equipment, as well as private connections to cloud and network providers.