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.
A number of analysts gave price targets for EQIX. The most optimistic price target was 525, implying a possible profit of 18.54 percent. The most pessimistic analyst gave a price target of 365, implying potential capital losses of -17.58 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates upwards for this quarter, by about 1.83 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -8.74 percent. Meanwhile, fiscal year estimates have been revised upwards by 1.8 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -6 percent.
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. Over the same time period, 1 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of EQIX to grow at a rate of 446.84 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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. Today's price is 40.79 percent above the 52-week low, and below the high by 0.98 percent. EQIX has a P/E 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 stock has a market capitalization of $34.28 billion. EQIX is estimated to release their earnings results for the quarter on 0000-00-00, days from today.