BMO Capital Remains a Buy on Equinix (EQIX)

In a report released yesterday, Ari Klein from BMO Capital maintained a Buy rating on Equinix (EQIXResearch Report), with a price target of $488. The company’s shares closed yesterday at $391.91.

According to TipRanks.com, Klein is a 1-star analyst with an average return of -1.5% and a 50.0% success rate. Klein covers the Financial sector, focusing on stocks such as QTS Realty Trust, Coresite Realty, and Digital Realty.

Equinix has an analyst consensus of Strong Buy, with a price target consensus of $480.33.

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Based on Equinix’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $110 million. In comparison, last year the company had a net profit of $65.22 million.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock.

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.

Equinix, Inc. engages in the provision of collocation space and related service. It operates through the following geographical segments: Americas; Europe, Middle East and Africa, and Asia-Pacific. The company was founded on June 22, 1998 and is headquartered in Redwood City, CA.

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