InterXion Holding N.V. (NYSE:INXN) had its price objective increased by equities researchers at Barclays PLC from $45.00 to $56.00 in a research note issued on Monday, August 7th. The brokerage currently has an “overweight” rating on the technology company’s stock. Barclays PLC’s target price indicates a potential upside of 12.74% from the company’s previous close.
Other research analysts have also issued research reports about the company. Stifel Nicolaus reissued a “buy” rating on shares of InterXion Holding N.V. in a research note on Tuesday, April 25th. Citigroup Inc. increased their price target on InterXion Holding N.V. from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Royal Bank Of Canada reissued a “buy” rating and set a $45.00 price target on shares of InterXion Holding N.V. in a research note on Friday, April 21st. Zacks Investment Research raised InterXion Holding N.V. from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, May 31st. Finally, ValuEngine raised InterXion Holding N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $52.50.
InterXion Holding N.V. (NYSE INXN) traded up 0.73% during trading on Monday, hitting $49.67. The stock had a trading volume of 407,204 shares. The stock’s 50 day moving average price is $47.30 and its 200 day moving average price is $42.84. InterXion Holding N.V. has a 12-month low of $32.21 and a 12-month high of $50.18. The firm has a market cap of $3.42 billion, a P/E ratio of 71.99 and a beta of 0.63.
InterXion Holding N.V. (NYSE:INXN) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $120.80 million for the quarter, compared to analysts’ expectations of $117.13 million. During the same period in the prior year, the company earned $0.13 EPS. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. On average, analysts anticipate that InterXion Holding N.V. will post $0.74 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of INXN. Public Employees Retirement System of Ohio raised its position in InterXion Holding N.V. by 20.9% in the second quarter. Public Employees Retirement System of Ohio now owns 68,132 shares of the technology company’s stock valued at $3,119,000 after buying an additional 11,776 shares during the period. State Street Corp raised its position in InterXion Holding N.V. by 8.4% in the second quarter. State Street Corp now owns 432,234 shares of the technology company’s stock valued at $19,793,000 after buying an additional 33,429 shares during the period. Adelante Capital Management LLC raised its position in InterXion Holding N.V. by 0.5% in the second quarter. Adelante Capital Management LLC now owns 56,120 shares of the technology company’s stock valued at $2,569,000 after buying an additional 300 shares during the period. Lenox Wealth Management Inc. bought a new position in InterXion Holding N.V. during the second quarter valued at approximately $460,000. Finally, Janus Henderson Group PLC bought a new position in InterXion Holding N.V. during the second quarter valued at approximately $35,699,000. 90.78% of the stock is currently owned by institutional investors and hedge funds.
About InterXion Holding N.V.
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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