Several other research firms also recently weighed in on INXN. Jefferies Group downgraded shares of InterXion Holding NV from a buy rating to a hold rating in a research note on Monday, June 13th. Zacks Investment Research cut shares of InterXion Holding NV from a hold rating to a sell rating in a report on Tuesday, August 2nd. Finally, SunTrust Banks Inc. initiated coverage on shares of InterXion Holding NV in a report on Thursday, July 21st. They set a buy rating and a $45.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $36.80.
InterXion Holding NV (NYSE:INXN) opened at 36.53 on Wednesday. The firm has a 50-day moving average of $37.08 and a 200 day moving average of $36.22. The company has a market capitalization of $2.58 billion, a PE ratio of 55.26 and a beta of 1.09. InterXion Holding NV has a 12-month low of $26.75 and a 12-month high of $38.72.
InterXion Holding NV (NYSE:INXN) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.01. InterXion Holding NV had a net margin of 10.35% and a return on equity of 7.79%. The company earned $104.03 million during the quarter, compared to the consensus estimate of $104.18 million. During the same period last year, the firm posted $0.31 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts forecast that InterXion Holding NV will post $0.62 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INXN. Principal Financial Group Inc. raised its stake in shares of InterXion Holding NV by 22.5% in the second quarter. Principal Financial Group Inc. now owns 2,589,492 shares of the company’s stock valued at $95,500,000 after buying an additional 475,235 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of InterXion Holding NV during the second quarter valued at approximately $50,851,000. Heitman Real Estate Securities LLC raised its stake in shares of InterXion Holding NV by 22.4% in the first quarter. Heitman Real Estate Securities LLC now owns 1,259,752 shares of the company’s stock valued at $43,562,000 after buying an additional 230,952 shares in the last quarter. RS Investment Management Co. LLC raised its stake in shares of InterXion Holding NV by 54.2% in the second quarter. RS Investment Management Co. LLC now owns 1,097,928 shares of the company’s stock valued at $40,492,000 after buying an additional 385,898 shares in the last quarter. Finally, Rockefeller Financial Services Inc. raised its stake in shares of InterXion Holding NV by 0.4% in the second quarter. Rockefeller Financial Services Inc. now owns 1,023,617 shares of the company’s stock valued at $37,751,000 after buying an additional 3,852 shares in the last quarter. Institutional investors and hedge funds own 85.28% 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.
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