Should Investors Be Buying Equinix (NASDAQ:EQIX) Stock Following Today’s JP Morgan Upgrade?

November 14, 2017 - By Nellie Frank

  Should Investors Be Buying Equinix (NASDAQ:EQIX) Stock Following Today’s JP Morgan Upgrade?

Investors sentiment is 1.46 in Q2 2017. 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.

Robeco Institutional Asset Bv accumulated 15,993 shares. Gam Ag reported 3,672 shares. M&T Bancorporation Corporation owns 5,677 shares. Thornburg Investment Mgmt holds 0% in Equinix, Inc. (NASDAQ:EQIX) or 754 shares. Highland Capital Mngmt Lc holds 0.03% or 829 shares. Pnc Fin Serv Grp invested in 8,719 shares or 0% of the stock. Macquarie Ltd has 359,483 shares for 0.28% of their portfolio. 753 are owned by Johnson Invest Counsel. Honeywell accumulated 17,114 shares or 0.28% of the stock. Hightower Lc owns 1,171 shares. Susquehanna Intll Group Llp holds 0% or 22,172 shares. Moreover, Meiji Yasuda Life Ins has 0.14% invested in Equinix, Inc. (NASDAQ:EQIX). Avenir has invested 0.14% in Equinix, Inc. (NASDAQ:EQIX). Numeric Ltd Llc reported 0.14% of its portfolio in Equinix, Inc. (NASDAQ:EQIX). Alliancebernstein Lp owns 189,378 shares.

Since May 15, 2017, it had 0 insider buys, and 5 sales for $6.20 million activity. The insider Campbell Michael Earl sold 1,476 shares worth $645,514. Shares for $219,695 were sold by PAISLEY CHRISTOPHER B on Friday, June 9. TAYLOR KEITH D sold $440,993 worth of stock or 1,000 shares. 5,875 shares were sold by Lee Yau Tat, worth $2.58M.

Equinix (NASDAQ:EQIX) Stock Upgrade

The previous rating of a Neutral for Equinix (NASDAQ:EQIX) has been discontinued as JP Morgan boosted EQIX’s current rating to a respectable Overweight.

Investors sentiment is 1.46 in Q2 2017. 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.

Robeco Institutional Asset Bv accumulated 15,993 shares. Gam Ag reported 3,672 shares. M&T Bancorporation Corporation owns 5,677 shares. Thornburg Investment Mgmt holds 0% in Equinix, Inc. (NASDAQ:EQIX) or 754 shares. Highland Capital Mngmt Lc holds 0.03% or 829 shares. Pnc Fin Serv Grp invested in 8,719 shares or 0% of the stock. Macquarie Ltd has 359,483 shares for 0.28% of their portfolio. 753 are owned by Johnson Invest Counsel. Honeywell accumulated 17,114 shares or 0.28% of the stock. Hightower Lc owns 1,171 shares. Susquehanna Intll Group Llp holds 0% or 22,172 shares. Moreover, Meiji Yasuda Life Ins has 0.14% invested in Equinix, Inc. (NASDAQ:EQIX). Avenir has invested 0.14% in Equinix, Inc. (NASDAQ:EQIX). Numeric Ltd Llc reported 0.14% of its portfolio in Equinix, Inc. (NASDAQ:EQIX). Alliancebernstein Lp owns 189,378 shares.

Since May 15, 2017, it had 0 insider buys, and 5 sales for $6.20 million activity. The insider Campbell Michael Earl sold 1,476 shares worth $645,514. Shares for $219,695 were sold by PAISLEY CHRISTOPHER B on Friday, June 9. TAYLOR KEITH D sold $440,993 worth of stock or 1,000 shares. 5,875 shares were sold by Lee Yau Tat, worth $2.58M.

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. As per Monday, February 22, the company rating was maintained by RBC Capital Markets. On Thursday, November 2 the stock rating was maintained by Oppenheimer with “Outperform”. Canaccord Genuity maintained the shares of EQIX in report on Friday, August 12 with “Buy” rating. On Tuesday, November 24 the stock rating was initiated by SunTrust with “Buy”. Credit Suisse initiated the shares of EQIX in report on Friday, June 30 with “Buy” rating. Barclays Capital initiated it with “Equal-Weight” rating and $330 target in Monday, March 21 report. Nomura maintained the stock with “Buy” rating in Thursday, November 2 report. The rating was upgraded by Stifel Nicolaus to “Buy” on Tuesday, January 5. Cowen & Co maintained the shares of EQIX in report on Monday, October 23 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, July 28.

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.

Analysts expect Equinix, Inc. (NASDAQ:EQIX) to report $4.22 EPS on February, 21.They anticipate $0.14 EPS change or 3.43 % from last quarter’s $4.08 EPS. EQIX’s profit would be $333.84M giving it 28.36 P/E if the $4.22 EPS is correct. After having $4.97 EPS previously, Equinix, Inc.’s analysts see -15.09 % EPS growth.

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

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