Barclays Maintains Bullish Stance on InterXion Holding (INXN); Plenty to Like

August 17, 2012 3:26 PM EDT Send to a Friend
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Price: $27.77 -0.29%

Rating Summary:
    10 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 20 | Down: 27 | New: 8
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Barclays maintains an 'Overweight' on InterXion Holding (NYSE: INXN) price target of $22.00 (from $23.00).

Analyst, Maurice Patrick, said, "Interxion continues to see strong latent demand and material growth opportunities, which was evident in 2Q12 results. Although delays in bringing space online dampen our 2012/13 expectations, we see good reason to believe industry fundamentals remain positive, and announced capacity should drive solid medium-term growth."

"We already model 2011-15E revenue and EBITDA CAGRs of 15% and 19%, respectively, based on assumed continued execution and new rollout. This takes EBITDA to EUR192m by 2015, 100% above the 2011 result." (FY12 EPS estimate lowered from $0.59 to $0.57 and FY13 from $0.74 to $0.65)

For an analyst ratings summary and ratings history on InterXion Holding click here. For more ratings news on InterXion Holding click here.

Shares of InterXion Holding closed at $19.89 yesterday.




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