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.
EQIX was given price targets by several analysts. The highest price target was 525, which equates to a potential upside of 18.54 percent. The lowest price target was 365, implying a possible loss of -17.58 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates upwards for this quarter, by about 1.83 percent on average, compared to last month. That number becomes -8.74 percent if we expand the time horizon to include the past 3 months instead of just one. 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.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 1 analysts increased their quarterly estimates, 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. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. 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.
EQIX has traded between a high of 447.26 and a low of 314.55 over the past year. Today's price is 40.79 percent above the 52-week low, and 0.98 percent lower than its 52-week high. 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.