BidaskClub Lowers InterXion Holding N.V. (INXN) to Buy
BidaskClub lowered shares of InterXion Holding N.V. (NYSE:INXN) from a strong-buy rating to a buy rating in a report released on Thursday.
A number of other equities analysts have also issued reports on the stock. Cowen and Company raised shares of InterXion Holding N.V. from a neutral rating to an outperform rating and boosted their target price for the stock from $45.00 to $54.00 in a research report on Tuesday, August 8th. Barclays PLC boosted their target price on shares of InterXion Holding N.V. from $45.00 to $56.00 and gave the stock an overweight rating in a research report on Monday, August 7th. Zacks Investment Research lowered shares of InterXion Holding N.V. from a buy rating to a hold rating in a research report on Friday, August 4th. Stifel Nicolaus reaffirmed a buy rating and set a $55.00 target price (up previously from $49.00) on shares of InterXion Holding N.V. in a research report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. boosted their target price on shares of InterXion Holding N.V. from $48.00 to $55.00 and gave the stock an outperform rating in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $52.50.
InterXion Holding N.V. (NYSE:INXN) opened at 50.63 on Thursday. InterXion Holding N.V. has a one year low of $32.21 and a one year high of $52.15. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 72.12 and a beta of 0.63. The firm’s 50-day moving average is $49.89 and its 200 day moving average is $44.49.
InterXion Holding N.V. (NYSE:INXN) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). InterXion Holding N.V. had a return on equity of 6.85% and a net margin of 9.25%. The company had revenue of $120.80 million for the quarter, compared to the consensus estimate of $117.13 million. During the same period last year, the firm posted $0.13 EPS. The company’s revenue was up 16.2% compared to the same quarter last year. Analysts forecast that InterXion Holding N.V. will post $0.74 EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in INXN. Franklin Resources Inc. bought a new stake in InterXion Holding N.V. in the 2nd quarter valued at $72,151,000. Frontier Capital Management Co. LLC bought a new stake in InterXion Holding N.V. in the 2nd quarter valued at $54,874,000. Janus Henderson Group PLC bought a new stake in InterXion Holding N.V. in the 2nd quarter valued at $35,699,000. Great West Life Assurance Co. Can bought a new stake in InterXion Holding N.V. in the 2nd quarter valued at $30,614,000. Finally, Soros Fund Management LLC bought a new stake in InterXion Holding N.V. in the 1st quarter valued at $13,846,000. 88.38% of the stock is currently owned by hedge funds and other institutional investors.
InterXion Holding N.V. 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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