InterXion Holding NV (INXN) Boosted to “Purchase” at Zacks Investment Research

InterXion Holding NV (INXN) Boosted to “Purchase” at Zacks Investment Research

InterXion Holding NV (NYSE:INXN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm presently has a $50.00 price target on the technology company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 12.49% from the stock’s previous close.

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. “

A number of other brokerages have also recently commented on INXN. Guggenheim raised InterXion Holding NV from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $38.00 to $43.00 in a research report on Wednesday, February 15th. Royal Bank of Canada reaffirmed a “buy” rating and set a $45.00 price target on shares of InterXion Holding NV in a research report on Friday, April 21st. Stifel Nicolaus reaffirmed a “buy” rating on shares of InterXion Holding NV in a research report on Tuesday, April 25th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $44.00 price target (up previously from $40.00) on shares of InterXion Holding NV in a research report on Friday, March 3rd. Finally, Barclays PLC reaffirmed a “buy” rating and set a $45.00 price target on shares of InterXion Holding NV in a research report on Thursday, March 2nd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $46.00.

Shares of InterXion Holding NV (INXN) traded down 0.11% on Wednesday, hitting $44.45. The stock had a trading volume of 501,772 shares. The company’s 50 day moving average price is $42.74 and its 200-day moving average price is $38.54. InterXion Holding NV has a 12 month low of $32.21 and a 12 month high of $45.92. The company has a market cap of $3.20 billion, a P/E ratio of 70.56 and a beta of 0.94.

InterXion Holding NV (NYSE:INXN) last posted its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.16. The firm had revenue of $113.90 million during the quarter, compared to analysts’ expectations of $112.86 million. InterXion Holding NV had a return on equity of 7.58% and a net margin of 10.18%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 EPS. On average, analysts expect that InterXion Holding NV will post $0.74 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Lucha Capital Management LP bought a new position in shares of InterXion Holding NV during the first quarter valued at $5,335,000. Tudor Investment Corp ET AL bought a new position in shares of InterXion Holding NV during the first quarter valued at $7,667,000. EMS Capital LP boosted its position in shares of InterXion Holding NV by 29.4% in the first quarter. EMS Capital LP now owns 264,324 shares of the technology company’s stock valued at $10,457,000 after buying an additional 60,000 shares in the last quarter. Soros Fund Management LLC bought a new position in shares of InterXion Holding NV during the first quarter valued at $13,846,000. Finally, Highbridge Capital Management LLC boosted its position in shares of InterXion Holding NV by 25.3% in the first quarter. Highbridge Capital Management LLC now owns 369,891 shares of the technology company’s stock valued at $14,633,000 after buying an additional 74,737 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

About InterXion Holding NV

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “INXN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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