InterXion (INXN) Now Covered by Berenberg Bank
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.
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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