BMO Capital Reaffirms Their Hold Rating on Equinix (EQIX)

In a report released today, Ari Klein from BMO Capital maintained a Hold rating on Equinix (EQIXResearch Report), with a price target of $755.00. The company’s shares closed last Wednesday at $652.21, close to its 52-week low of $606.12.

According to TipRanks.com, Klein is a 4-star analyst with an average return of 7.3% and a 56.8% success rate. Klein covers the Financial sector, focusing on stocks such as Xenia Hotels & Resorts, Park Hotels & Resorts, and Host Hotels & Resorts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Equinix with a $786.55 average price target, a 21.6% upside from current levels. In a report issued on July 26, Morgan Stanley also maintained a Hold rating on the stock with a $732.00 price target.

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The company has a one-year high of $885.26 and a one-year low of $606.12. Currently, Equinix has an average volume of 522.1K.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EQIX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1998, Equinix, Inc. is a California-based digital infrastructure company which provides collocation space and develops data center solutions. The company offers secure key management, consulting, network virtualization, customer support, and managed services. It operates through the following geographical segments: Americas, Europe, Middle East & Africa and Asia-Pacific.

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