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.
Several price targets were given for EQIX by the analysts covering the stock. The maximum price target given was 525, which equates to a potential upside of 18.54 percent. The minimum price target given was 365, which equates to a potential downside of -17.58 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
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. Over the past month, 1 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 1 analysts revised their FY earnings estimates upwards, 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. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 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 trailing 52-weeks, EQIX hit 447.26 at the highest peak, while it's lowest trading point was 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 stock has a market capitalization of $34.28 billion. EQIX will post this quarters earnings in days, on 0000-00-00.