Equinix (EQIX) Buy Rating Reiterated by Analysts at RBC Capital; With $530.0 Target; Bluestein R H & Company Has Upped Its Suntrust Banks (STI) Holding

November 15, 2017 - By Clifton Ray

Among 23 analysts covering Equinix (NASDAQ:EQIX), 21 have Buy rating, 0 Sell and 2 Hold. Therefore 91% are positive. Equinix has $550 highest and $300 lowest target. $479.85’s average target is -0.25% below currents $481.05 stock price. Equinix had 55 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, August 2. Barclays Capital maintained the shares of EQIX in report on Thursday, August 18 with “Equal-Weight” rating. Suntrust Robinson initiated it with “Buy” rating and $345 target in Tuesday, November 24 report. Canaccord Genuity maintained it with “Buy” rating and $420 target in Friday, August 12 report. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, July 30 report. The firm earned “Outperform” rating on Monday, January 4 by Wells Fargo. SunTrust initiated the stock with “Buy” rating in Tuesday, November 24 report. The stock of Equinix, Inc. (NASDAQ:EQIX) has “Outperform” rating given on Thursday, November 2 by Oppenheimer. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, September 13. The firm earned “Perform” rating on Monday, March 14 by Oppenheimer.

Bluestein R H & Company increased Suntrust Banks Inc (STI) stake by 98.07% reported in 2017Q2 SEC filing. Bluestein R H & Company acquired 290,693 shares as Suntrust Banks Inc (STI)’s stock declined 9.30%. The Bluestein R H & Company holds 587,094 shares with $33.30M value, up from 296,401 last quarter. Suntrust Banks Inc now has $27.44B valuation. The stock increased 0.59% or $0.34 during the last trading session, reaching $57.64. About 900 shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since November 15, 2016 and is uptrending. It has outperformed by 10.12% the S&P500.




Since May 30, 2017, it had 0 insider purchases, and 5 insider sales for $6.20 million activity. $2.58M worth of Equinix, Inc. (NASDAQ:EQIX) shares were sold by Lee Yau Tat. $440,993 worth of Equinix, Inc. (NASDAQ:EQIX) was sold by TAYLOR KEITH D. PAISLEY CHRISTOPHER B had sold 500 shares worth $219,695. Campbell Michael Earl also sold $645,514 worth of Equinix, Inc. (NASDAQ:EQIX) on Friday, June 9. Smith Stephen M sold $2.31M worth of Equinix, Inc. (NASDAQ:EQIX) on Thursday, June 15.

The stock decreased 0.22% or $1.07 during the last trading session, reaching $481.05. About 86 shares traded. Equinix, Inc. (NASDAQ:EQIX) has risen 24.40% since November 15, 2016 and is uptrending. It has outperformed by 7.70% the S&P500.

Analysts await Equinix, Inc. (NASDAQ:EQIX) to report earnings on February, 21. They expect $4.22 EPS, up 3.43% or $0.14 from last year’s $4.08 per share. EQIX’s profit will be $332.21 million for 28.50 P/E if the $4.22 EPS becomes a reality. After $4.97 actual EPS reported by Equinix, Inc. for the previous quarter, Wall Street now forecasts -15.09% negative EPS growth.

Investors sentiment is 1.46 in Q2 2017. Its the same as in 2017Q1. It is without change, as 28 investors sold Equinix, Inc. shares while 139 reduced holdings. only 56 funds opened positions while 187 raised stakes. 73.73 million shares or 0.79% less from 74.32 million shares in 2017Q1 were reported. Voya Investment Llc has invested 0.2% in Equinix, Inc. (NASDAQ:EQIX). The Washington-based Parametric Portfolio Assoc Llc has invested 0.12% in Equinix, Inc. (NASDAQ:EQIX). Moreover, Teacher Retirement Of Texas has 0% invested in Equinix, Inc. (NASDAQ:EQIX). Profund Llc holds 0.1% or 5,035 shares in its portfolio. State Of Alaska Department Of Revenue holds 1.07% or 36,622 shares. Lasalle Invest Management Ltd Company stated it has 423,373 shares. 117,782 are owned by Guggenheim Capital Ltd Llc. The Pennsylvania-based Girard Partners Ltd has invested 0.12% in Equinix, Inc. (NASDAQ:EQIX). Loomis Sayles And Commerce Limited Partnership has 0% invested in Equinix, Inc. (NASDAQ:EQIX). 137 are owned by Tradewinds Cap Ltd Liability Corporation. Macquarie Group has 359,483 shares for 0.28% of their portfolio. Asset One Ltd reported 121,243 shares. Moreover, Us Bank & Trust De has 0.01% invested in Equinix, Inc. (NASDAQ:EQIX). First Quadrant Lp Ca reported 1,605 shares. Chartist Ca holds 0% or 599 shares.

Bluestein R H & Company decreased Procter & Gamble Co (NYSE:PG) stake by 11,310 shares to 4,066 valued at $354,000 in 2017Q2. It also reduced Intel Corp (NASDAQ:INTC) stake by 387,029 shares and now owns 8,000 shares. Gold Trust (GLD) was reduced too.

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