InterXion Holding NV (INXN) Rating Increased to Buy at Zacks Investment Research
InterXion Holding NV (NYSE:INXN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage presently has a $40.00 price objective on the stock. Zacks Investment Research’s price objective indicates a potential upside of 10.86% from the company’s current price.
According to Zacks, “Interxion Holding N.V. operates as a provider of carrier-neutral colocation data center services in Europe. The Company’s data centre facilitates processing, storage, sharing and distribution of data, content, applications and media among carriers and customers. Its carrier-neutral colocation services includes space, power, cooling to house its customers’ computing, network, storage and IT infrastructure. Additionally, Interxion also offers network monitoring, remote monitoring of customer equipment, systems management, engineering support services, cross connects, data backup and storage. The Company’s data centres are located in London, Frankfurt, Paris, Amsterdam and Madrid, the main data center markets in Europe. Interxion Holding N.V. is headquartered in Schiphol-Rijk, the Netherlands. “
INXN has been the subject of several other research reports. Wells Fargo & Co. reaffirmed a “buy” rating on shares of InterXion Holding NV in a report on Wednesday, September 28th. SunTrust Banks Inc. initiated coverage on shares of InterXion Holding NV in a report on Thursday, July 21st. They set a “buy” rating and a $45.00 price objective for the company. Finally, Jefferies Group lowered shares of InterXion Holding NV from a “buy” rating to a “hold” rating in a report on Monday, June 13th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. InterXion Holding NV has an average rating of “Buy” and an average target price of $37.09.
Shares of InterXion Holding NV (NYSE:INXN) opened at 36.08 on Wednesday. InterXion Holding NV has a 12-month low of $26.75 and a 12-month high of $38.72. The stock has a 50 day moving average price of $37.04 and a 200-day moving average price of $36.24. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 54.58 and a beta of 1.09.
InterXion Holding NV (NYSE:INXN) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The firm had revenue of $104.03 million for the quarter, compared to analyst estimates of $104.18 million. InterXion Holding NV had a return on equity of 7.79% and a net margin of 10.35%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 EPS. Equities analysts anticipate that InterXion Holding NV will post $0.62 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in INXN. Nuveen Asset Management LLC acquired a new stake in InterXion Holding NV during the first quarter worth approximately $5,731,000. Envestnet Asset Management Inc. raised its stake in InterXion Holding NV by 15.3% in the first quarter. Envestnet Asset Management Inc. now owns 82,010 shares of the company’s stock worth $2,836,000 after buying an additional 10,911 shares in the last quarter. Heitman Real Estate Securities LLC raised its stake in InterXion Holding NV by 22.4% in the first quarter. Heitman Real Estate Securities LLC now owns 1,259,752 shares of the company’s stock worth $43,562,000 after buying an additional 230,952 shares in the last quarter. Moody Aldrich Partners LLC raised its stake in InterXion Holding NV by 198.1% in the second quarter. Moody Aldrich Partners LLC now owns 101,870 shares of the company’s stock worth $3,757,000 after buying an additional 67,700 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. acquired a new stake in InterXion Holding NV during the second quarter worth approximately $7,768,000. 85.28% of the stock is owned by hedge funds and other institutional investors.
InterXion Holding NV Company Profile
InterXion Holding N.V. is a provider of carrier and cloud neutral colocation data center services in Europe. The Company operates through two segments: France, Germany, The Netherlands and UK, and rest of Europe, which consists of its operations in Austria, Belgium, Denmark, Ireland, Spain, Sweden and Switzerland.
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