Stock analysts at Berenberg Bank began coverage on shares of InterXion (NYSE:INXN) in a report issued on Thursday, September 20th, Marketbeat.com reports. The brokerage set a “buy” rating and a $93.00 price target on the technology company’s stock. Berenberg Bank’s price objective indicates a potential upside of 53.24% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. TheStreet cut shares of InterXion from a “b-” rating to a “c” rating in a report on Thursday, August 23rd. Zacks Investment Research raised shares of InterXion from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Stifel Nicolaus set a $74.00 price objective on shares of InterXion and gave the stock a “buy” rating in a research note on Thursday, August 2nd. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $73.73.

NYSE:INXN traded up $0.80 during mid-day trading on Thursday, reaching $60.69. The stock had a trading volume of 530,798 shares, compared to its average volume of 486,611. InterXion has a twelve month low of $51.02 and a twelve month high of $68.95. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.76. The company has a market cap of $4.81 billion, a P/E ratio of 87.96, a PEG ratio of 6.45 and a beta of 0.69.

InterXion (NYSE:INXN) last issued its earnings results on Thursday, August 2nd. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.09). InterXion had a net margin of 6.32% and a return on equity of 7.27%. The company had revenue of $138.80 million during the quarter, compared to analysts’ expectations of $138.27 million. During the same period last year, the business posted $0.14 earnings per share. The company’s quarterly revenue was up 14.9% on a year-over-year basis. Analysts expect that InterXion will post 0.74 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its holdings in shares of InterXion by 164.7% in the 2nd quarter. SG Americas Securities LLC now owns 7,326 shares of the technology company’s stock valued at $457,000 after purchasing an additional 4,558 shares during the last quarter. Forward Management LLC boosted its holdings in shares of InterXion by 21.3% in the 2nd quarter. Forward Management LLC now owns 21,225 shares of the technology company’s stock valued at $1,326,000 after purchasing an additional 3,725 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of InterXion by 9.8% during the 2nd quarter. Sei Investments Co. now owns 116,593 shares of the technology company’s stock valued at $7,277,000 after acquiring an additional 10,418 shares in the last quarter. Stevens Capital Management LP lifted its holdings in shares of InterXion by 20.9% during the 2nd quarter. Stevens Capital Management LP now owns 20,298 shares of the technology company’s stock valued at $1,267,000 after acquiring an additional 3,504 shares in the last quarter. Finally, Meru Capital Group LP acquired a new position in shares of InterXion during the 1st quarter valued at $1,801,000. 86.64% of the stock is owned by hedge funds and other institutional investors.

InterXion Company Profile

InterXion Holding N.V. provides carrier and cloud-neutral colocation data center services in France, Germany, the Netherlands, the United Kingdom, Austria, Belgium, Denmark, Ireland, Spain, Sweden, and Switzerland. The company enables its customers to connect to a range of telecommunications carriers, Internet service providers, and other customers.

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Analyst Recommendations for InterXion (NYSE:INXN)

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