Brokerages Set InterXion Holding NV (NYSE:INXN) Target Price at $85.25

Shares of InterXion Holding NV (NYSE:INXN) have received a consensus rating of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $85.25.

Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded InterXion from a “sell” rating to a “hold” rating and set a $91.00 price objective on the stock in a report on Saturday, November 9th. Wells Fargo & Co cut InterXion from an “outperform” rating to a “market perform” rating and set a $85.00 target price for the company. in a research note on Monday, September 9th. They noted that the move was a valuation call. SunTrust Banks raised their price target on shares of InterXion from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. They noted that the move was a valuation call. Royal Bank of Canada restated a “buy” rating and issued a $84.00 price target on shares of InterXion in a research note on Sunday, August 11th. Finally, Guggenheim set a $90.00 price target on shares of InterXion and gave the stock a “buy” rating in a research note on Thursday, September 12th.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cambridge Trust Co. grew its position in shares of InterXion by 37.7% in the 2nd quarter. Cambridge Trust Co. now owns 9,451 shares of the technology company’s stock worth $719,000 after acquiring an additional 2,588 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in InterXion by 135.3% in the second quarter. Wells Fargo & Company MN now owns 2,249,738 shares of the technology company’s stock worth $171,183,000 after purchasing an additional 1,293,785 shares during the period. California Public Employees Retirement System increased its stake in InterXion by 106.7% during the third quarter. California Public Employees Retirement System now owns 146,473 shares of the technology company’s stock valued at $11,932,000 after purchasing an additional 75,612 shares during the last quarter. Dupont Capital Management Corp increased its stake in InterXion by 350.0% during the second quarter. Dupont Capital Management Corp now owns 60,947 shares of the technology company’s stock valued at $4,637,000 after purchasing an additional 47,403 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of InterXion during the third quarter worth $97,000. Hedge funds and other institutional investors own 92.94% of the company’s stock.

INXN traded up $1.31 on Tuesday, reaching $82.86. The company’s stock had a trading volume of 52,772 shares, compared to its average volume of 699,902. InterXion has a 1 year low of $50.05 and a 1 year high of $102.66. The business’s 50 day moving average is $85.05 and its 200 day moving average is $79.10. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 125.44, a price-to-earnings-growth ratio of 10.50 and a beta of 0.91.

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, cloud platforms, Internet service providers, and other customers.

Further Reading: Sell-Side Analysts

Analyst Recommendations for InterXion (NYSE:INXN)

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