Reaffirmed: Equinix (NASDAQ:EQIX) Buy Rating Kept at Citigroup; $530 Target in Place

November 14, 2017 - By Clifton Ray

 Reaffirmed: Equinix (NASDAQ:EQIX) Buy Rating Kept at Citigroup; $530 Target in Place

Investors sentiment is 1.46 in 2017 Q2. Its the same as in 2017Q1. It is flat, 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.

Canada Pension Plan Inv Board holds 0.22% of its portfolio in Equinix, Inc. (NASDAQ:EQIX) for 222,050 shares. Fmr Ltd Llc owns 2.74 million shares. Mogy Joel R Counsel holds 0.13% or 1,825 shares in its portfolio. Moreover, Connor Clark Lunn Limited has 0.05% invested in Equinix, Inc. (NASDAQ:EQIX). Millennium Mgmt Ltd Liability Com reported 0.32% in Equinix, Inc. (NASDAQ:EQIX). Washington Tru reported 0.55% in Equinix, Inc. (NASDAQ:EQIX). Loring Wolcott Coolidge Fiduciary Advisors Llp Ma reported 200 shares. Everence Mgmt stated it has 1,753 shares or 0.18% of all its holdings. Moreover, Zeke Cap Advisors Limited Liability Company has 0.07% invested in Equinix, Inc. (NASDAQ:EQIX). Los Angeles Mgmt And Equity Incorporated has invested 0.4% in Equinix, Inc. (NASDAQ:EQIX). Symphony Asset Mgmt Ltd Liability Company holds 0.46% or 9,407 shares. Cbre Clarion Limited Com reported 778,701 shares or 3.53% of all its holdings. Riverpark Management Limited owns 72,186 shares. Moreover, Ontario Teachers Pension Plan Board has 0.08% invested in Equinix, Inc. (NASDAQ:EQIX) for 14,511 shares. Bbva Compass National Bank Inc accumulated 2,626 shares or 0.07% of the stock.

Since May 15, 2017, it had 0 insider buys, and 5 sales for $6.20 million activity. $440,993 worth of stock was sold by TAYLOR KEITH D on Tuesday, May 30. 5,348 shares were sold by Smith Stephen M, worth $2.31M on Monday, May 15. Shares for $219,695 were sold by PAISLEY CHRISTOPHER B on Friday, June 9. Another trade for 1,476 shares valued at $645,514 was made by Campbell Michael Earl on Friday, June 9.

Equinix (NASDAQ:EQIX) Rating Reaffirmed

New York: In analysts note revealed to investors and clients on Thursday, 2 November, Citigroup reiterated their Buy rating on Equinix (NASDAQ:EQIX) shares. They now have a $530 price target on the company. Citigroup’s target means a potential upside of 10.62 % from the company’s last stock price.

Investors sentiment is 1.46 in 2017 Q2. Its the same as in 2017Q1. It is flat, 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.

Canada Pension Plan Inv Board holds 0.22% of its portfolio in Equinix, Inc. (NASDAQ:EQIX) for 222,050 shares. Fmr Ltd Llc owns 2.74 million shares. Mogy Joel R Counsel holds 0.13% or 1,825 shares in its portfolio. Moreover, Connor Clark Lunn Limited has 0.05% invested in Equinix, Inc. (NASDAQ:EQIX). Millennium Mgmt Ltd Liability Com reported 0.32% in Equinix, Inc. (NASDAQ:EQIX). Washington Tru reported 0.55% in Equinix, Inc. (NASDAQ:EQIX). Loring Wolcott Coolidge Fiduciary Advisors Llp Ma reported 200 shares. Everence Mgmt stated it has 1,753 shares or 0.18% of all its holdings. Moreover, Zeke Cap Advisors Limited Liability Company has 0.07% invested in Equinix, Inc. (NASDAQ:EQIX). Los Angeles Mgmt And Equity Incorporated has invested 0.4% in Equinix, Inc. (NASDAQ:EQIX). Symphony Asset Mgmt Ltd Liability Company holds 0.46% or 9,407 shares. Cbre Clarion Limited Com reported 778,701 shares or 3.53% of all its holdings. Riverpark Management Limited owns 72,186 shares. Moreover, Ontario Teachers Pension Plan Board has 0.08% invested in Equinix, Inc. (NASDAQ:EQIX) for 14,511 shares. Bbva Compass National Bank Inc accumulated 2,626 shares or 0.07% of the stock.

Since May 15, 2017, it had 0 insider buys, and 5 sales for $6.20 million activity. $440,993 worth of stock was sold by TAYLOR KEITH D on Tuesday, May 30. 5,348 shares were sold by Smith Stephen M, worth $2.31M on Monday, May 15. Shares for $219,695 were sold by PAISLEY CHRISTOPHER B on Friday, June 9. Another trade for 1,476 shares valued at $645,514 was made by Campbell Michael Earl on Friday, June 9.

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 0.15% above currents $479.11 stock price. Equinix had 55 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Perform” rating on Monday, March 14 by Oppenheimer. The stock has “Equal-Weight” rating by Barclays Capital on Thursday, August 4. Barclays Capital maintained the shares of EQIX in report on Thursday, August 18 with “Equal-Weight” rating. As per Tuesday, September 5, the company rating was maintained by Jefferies. The stock has “Buy” rating by Cowen & Co on Monday, October 23. Canaccord Genuity maintained the shares of EQIX in report on Wednesday, August 2 with “Buy” rating. The stock of Equinix, Inc. (NASDAQ:EQIX) earned “Neutral” rating by Citigroup on Thursday, August 4. On Thursday, November 2 the stock rating was upgraded by J.P. Morgan to “Buy”. The rating was maintained by RBC Capital Markets with “Buy” on Friday, July 7. The stock has “Buy” rating by Citigroup on Monday, March 13.

About 62,063 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 $333.56M giving the stock 28.38 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: Seekingalpha.com which released: “Equinix significantly expands access to Oracle Cloud Infrastructure” on October 23, 2017, also Nasdaq.com published article titled: “Equinix (EQIX) Beats on Q3 AFFO & Revenues, Guides Well”, Nasdaq.com published: “Equinix, Inc. (EQIX) Ex-Dividend Date Scheduled for November 14, 2017” on November 13, 2017. More interesting news about Equinix, Inc. (NASDAQ:EQIX) was released by: Seekingalpha.com and their article: “Equinix beats in Q3 with gains across nearly all measures” with publication date: November 01, 2017.

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