Equinix (EQIX) Gets a Hold from BMO Capital

In a report released today, Ari Klein from BMO Capital maintained a Hold rating on Equinix (EQIXResearch Report), with a price target of $660.00. The company’s shares closed yesterday at $549.25.

Klein covers the Financial sector, focusing on stocks such as Hersha Hospitality, Park Hotels & Resorts, and Digital Realty. According to TipRanks, Klein has an average return of 6.4% and a 57.25% success rate on recommended stocks.

Currently, the analyst consensus on Equinix is a Moderate Buy with an average price target of $698.50, a 27.17% upside from current levels. In a report released on October 26, Morgan Stanley also maintained a Hold rating on the stock with a $704.00 price target.

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EQIX market cap is currently $50.5B and has a P/E ratio of 78.89.

Based on the recent corporate insider activity of 71 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.

Read More on EQIX:

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