Is Equinix (NASDAQ:EQIX) Now a ‘Buy’? Why did JP Morgan Upgrade The Stock?

November 14, 2017 - By reb123z

  Is Equinix (NASDAQ:EQIX) Now a ‘Buy’? Why did JP Morgan Upgrade The Stock?

Investors sentiment is 1.46 in 2017 Q2. Its the same as in 2017Q1. It has no change, as 28 investors sold Equinix, Inc. shares while 139 reduced holdings. only 56 funds opened positions while 187 raised stakes. 73.73 million shares or 0.79% less from 74.32 million shares in 2017Q1 were reported.

Washington Mngmt accumulated 1,494 shares. Connor Clark & Lunn Mgmt reported 18,200 shares. Apg Asset Management Nv has 17,599 shares. Bb&T Corporation, North Carolina-based fund reported 1,022 shares. 21,892 are owned by Texas Permanent School Fund. Lasalle Management Secs Ltd Liability Com has invested 2.3% in Equinix, Inc. (NASDAQ:EQIX). California-based Tcw Incorporated has invested 1.43% in Equinix, Inc. (NASDAQ:EQIX). The British Columbia – Canada-based British Columbia Invest has invested 0.19% in Equinix, Inc. (NASDAQ:EQIX). Thornburg Invest Mngmt Inc holds 754 shares or 0% of its portfolio. Whittier Company has 82 shares. Brown Brothers Harriman holds 18 shares or 0% of its portfolio. Duff & Phelps Mgmt Co has 130,453 shares. Douglass Winthrop Advisors Limited Liability Corporation has invested 0.02% of its portfolio in Equinix, Inc. (NASDAQ:EQIX). 29,383 were reported by Envestnet Asset Mgmt Inc. 1832 Asset Management L P stated it has 6,000 shares or 0.01% of all its holdings.

Since May 15, 2017, it had 0 insider buys, and 5 insider sales for $6.20 million activity. On Tuesday, May 30 the insider TAYLOR KEITH D sold $440,993. $219,695 worth of Equinix, Inc. (NASDAQ:EQIX) shares were sold by PAISLEY CHRISTOPHER B. Campbell Michael Earl sold $645,514 worth of stock. Lee Yau Tat sold $2.58 million worth of Equinix, Inc. (NASDAQ:EQIX) on Wednesday, June 7.

Equinix (NASDAQ:EQIX) Stock Upgrade

New York-listed Equinix (NASDAQ:EQIX), was raised by research professionals at JP Morgan. The firm raised its rating on the $37.87B market capitalized company to a respectable “Overweight” from their past rating of “Neutral”.

Investors sentiment is 1.46 in 2017 Q2. Its the same as in 2017Q1. It has no change, as 28 investors sold Equinix, Inc. shares while 139 reduced holdings. only 56 funds opened positions while 187 raised stakes. 73.73 million shares or 0.79% less from 74.32 million shares in 2017Q1 were reported.

Washington Mngmt accumulated 1,494 shares. Connor Clark & Lunn Mgmt reported 18,200 shares. Apg Asset Management Nv has 17,599 shares. Bb&T Corporation, North Carolina-based fund reported 1,022 shares. 21,892 are owned by Texas Permanent School Fund. Lasalle Management Secs Ltd Liability Com has invested 2.3% in Equinix, Inc. (NASDAQ:EQIX). California-based Tcw Incorporated has invested 1.43% in Equinix, Inc. (NASDAQ:EQIX). The British Columbia – Canada-based British Columbia Invest has invested 0.19% in Equinix, Inc. (NASDAQ:EQIX). Thornburg Invest Mngmt Inc holds 754 shares or 0% of its portfolio. Whittier Company has 82 shares. Brown Brothers Harriman holds 18 shares or 0% of its portfolio. Duff & Phelps Mgmt Co has 130,453 shares. Douglass Winthrop Advisors Limited Liability Corporation has invested 0.02% of its portfolio in Equinix, Inc. (NASDAQ:EQIX). 29,383 were reported by Envestnet Asset Mgmt Inc. 1832 Asset Management L P stated it has 6,000 shares or 0.01% of all its holdings.

Since May 15, 2017, it had 0 insider buys, and 5 insider sales for $6.20 million activity. On Tuesday, May 30 the insider TAYLOR KEITH D sold $440,993. $219,695 worth of Equinix, Inc. (NASDAQ:EQIX) shares were sold by PAISLEY CHRISTOPHER B. Campbell Michael Earl sold $645,514 worth of stock. Lee Yau Tat sold $2.58 million worth of Equinix, Inc. (NASDAQ:EQIX) on Wednesday, June 7.

Equinix, Inc. (NASDAQ:EQIX) Ratings Coverage

Among 23 analysts covering Equinix (NASDAQ:EQIX), 21 have Buy rating, 0 Sell and 2 Hold. Therefore 91% are positive. Equinix has $550 highest and $300 lowest target. $479.85’s average target is 0.28% above currents $478.51 stock price. Equinix had 55 analyst reports since July 31, 2015 according to SRatingsIntel. Canaccord Genuity maintained Equinix, Inc. (NASDAQ:EQIX) on Monday, June 12 with “Buy” rating. As per Thursday, August 3, the company rating was maintained by Barclays Capital. The stock has “Buy” rating by Stifel Nicolaus on Thursday, August 3. The firm has “Equal-Weight” rating given on Thursday, August 18 by Barclays Capital. J.P. Morgan upgraded the shares of EQIX in report on Thursday, November 2 to “Buy” rating. The company was maintained on Tuesday, July 28 by RBC Capital Markets. The stock has “Buy” rating by Canaccord Genuity on Thursday, July 30. Citigroup upgraded Equinix, Inc. (NASDAQ:EQIX) on Monday, March 13 to “Buy” rating. The firm has “Outperform” rating given on Monday, January 4 by Wells Fargo. The firm has “Buy” rating given on Wednesday, August 2 by Oppenheimer.

About 60,115 shares traded. Equinix, Inc. (NASDAQ:EQIX) has risen 24.40% since November 14, 2016 and is uptrending. It has outperformed by 7.70% the S&P500.

Wall Street await Equinix, Inc. (NASDAQ:EQIX) to release earnings on February, 21. Analysts forecast EPS of $4.22, up exactly $0.14 or 3.43 % from 2014’s $4.08 EPS. The expected EQIX’s profit could reach $333.98M giving the stock 28.35 P/E in the case that $4.22 earnings per share is reported. After posting $4.97 EPS for the previous quarter, Equinix, Inc.’s analysts now forecast -15.09 % negative EPS growth.

More important recent Equinix, Inc. (NASDAQ:EQIX) news were published by: Nasdaq.com which released: “Equinix, Inc. (EQIX) Ex-Dividend Date Scheduled for November 14, 2017” on November 13, 2017, also Seekingalpha.com published article titled: “Equinix significantly expands access to Oracle Cloud Infrastructure”, Seekingalpha.com published: “Equinix beats in Q3 with gains across nearly all measures” on November 01, 2017. More interesting news about Equinix, Inc. (NASDAQ:EQIX) was released by: Nasdaq.com and their article: “Equinix (EQIX) Beats on Q3 AFFO & Revenues, Guides Well” with publication date: November 02, 2017.

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