Barclays PLC Increases InterXion Holding N.V. (INXN) Price Target to $56.00

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.

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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.

Analyst Recommendations for InterXion Holding N.V. (NYSE:INXN)

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