InterXion (NYSE:INXN) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of InterXion (NYSE:INXN) from a hold rating to a buy rating in a research report sent to investors on Wednesday, January 3rd. Zacks Investment Research currently has $66.00 price objective on the technology company’s stock.
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. “
Several other equities analysts have also commented on INXN. BidaskClub lowered InterXion from a strong-buy rating to a buy rating in a research note on Thursday, September 14th. Stifel Nicolaus restated a buy rating and set a $55.00 price target on shares of InterXion in a research note on Thursday, September 14th. SunTrust Banks reiterated a buy rating and issued a $57.00 target price on shares of InterXion in a research note on Thursday, October 12th. Barclays lifted their target price on InterXion from $56.00 to $60.00 and gave the company an overweight rating in a research note on Wednesday, October 18th. Finally, Wells Fargo & Co reiterated an outperform rating and issued a $62.00 target price (up previously from $54.00) on shares of InterXion in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $63.00.
InterXion (NYSE:INXN) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). InterXion had a net margin of 8.76% and a return on equity of 7.07%. analysts forecast that InterXion will post 0.69 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. boosted its holdings in InterXion by 7.0% in the third quarter. Principal Financial Group Inc. now owns 3,870,675 shares of the technology company’s stock worth $197,134,000 after acquiring an additional 253,658 shares in the last quarter. Alyeska Investment Group L.P. boosted its holdings in InterXion by 4.1% in the third quarter. Alyeska Investment Group L.P. now owns 2,052,751 shares of the technology company’s stock worth $104,547,000 after acquiring an additional 81,163 shares in the last quarter. Franklin Resources Inc. acquired a new stake in InterXion in the second quarter worth about $72,151,000. Frontier Capital Management Co. LLC boosted its holdings in InterXion by 12.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,551,412 shares of the technology company’s stock worth $91,425,000 after acquiring an additional 176,444 shares in the last quarter. Finally, AMP Capital Investors Ltd boosted its holdings in InterXion by 6.1% in the third quarter. AMP Capital Investors Ltd now owns 1,524,100 shares of the technology company’s stock worth $77,622,000 after acquiring an additional 87,500 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.
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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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