Analyst Ratings for Equinix Inc. (EQIX)Updated: 2017-07-28
An average rating of Overweight has been given to Equinix Inc. (NASDAQ:EQIX) by analysts covering the stock. Last month, EQIX received an average rating of Buy.
25 analysts issued ratings on the stock, where 18 gave EQIX a buy rating, 1 issued an overweight rating, 6 issued a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 2 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.
Many analysts weighed in on price targets for EQIX. The most optimistic analyst gave a price target of 525, which equates to a potential upside of 18.54 percent. The most pessimistic analyst gave a price target of 365, which equates to a potential downside of -17.58 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 1.83 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -8.74 percent. Meanwhile, fiscal year estimates have been revised upwards by 1.8 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -6 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 1 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Also over the last month, 1 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of EQIX's earnings is estimated by analysts to be 446.84 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of EQIX is 0.36.
In the last 52-weeks, EQIX has achieved a high of 447.26 and a low of 314.55. Currently the stock is 40.79 percent higher than its low, and below the high by 0.98 percent. EQIX has a price/earnings ratio of 160.99. Investors typically compare the P/E ratio to a company's peers in the industry. The EQIX value stock report compares EQIX to some of its peers using value stock charts. The market cap of EQIX is $34.28 billion. EQIX will post this quarters earnings in days, on 0000-00-00.