InterXion (NYSE:INXN) had its target price reduced by Credit Suisse Group from $70.00 to $69.00 in a report published on Thursday morning. They currently have an outperform rating on the technology company’s stock.
Separately, ValuEngine lowered InterXion from a strong-buy rating to a buy rating in a research note on Wednesday, January 2nd. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $73.82.
Get InterXion alerts:Shares of NYSE:INXN traded down $1.04 during trading on Thursday, reaching $62.90. The stock had a trading volume of 12,891 shares, compared to its average volume of 458,448. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.89 and a quick ratio of 1.89. The firm has a market capitalization of $4.57 billion, a PE ratio of 86.31, a P/E/G ratio of 5.41 and a beta of 1.05. InterXion has a 1-year low of $50.05 and a 1-year high of $68.95.
InterXion (NYSE:INXN) last issued its quarterly earnings results on Wednesday, March 6th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.07). The firm had revenue of $146.90 million during the quarter, compared to analyst estimates of $147.94 million. InterXion had a return on equity of 7.29% and a net margin of 6.27%. The business’s revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 earnings per share. As a group, analysts expect that InterXion will post 0.85 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC increased its holdings in shares of InterXion by 99.5% during the third quarter. LPL Financial LLC now owns 6,667 shares of the technology company’s stock worth $449,000 after buying an additional 3,325 shares in the last quarter. Standard Life Aberdeen plc grew its stake in shares of InterXion by 22.5% during the third quarter. Standard Life Aberdeen plc now owns 87,188 shares of the technology company’s stock valued at $5,868,000 after purchasing an additional 16,000 shares during the last quarter. SeaBridge Investment Advisors LLC grew its stake in shares of InterXion by 6.7% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 10,668 shares of the technology company’s stock valued at $578,000 after purchasing an additional 668 shares during the last quarter. Virtus Alternative Investment Advisers Inc. bought a new stake in shares of InterXion during the third quarter valued at approximately $133,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of InterXion during the fourth quarter valued at approximately $756,000. Institutional investors own 89.35% of the company’s stock.
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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