Barclays Reiterates an 'Overweight' on InterXion Holding (INXN); Raises Numbers on Strong Guidance & Improved Profitability
Get Alerts INXN Hot Sheet
Price: $77.41 --0%
Rating Summary:
14 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Rating Summary:
14 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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Barclays reiterates an 'Overweight' on InterXion Holding (NYSE: INXN) price target raised from $18 to $21.
Analyst, James M. Ratcliffe, said, "...We believe INXN's business remains on firm footing despite European macro concerns, which reflects the strength of the data center business model. Company's 2012 guidance suggests a year of aggressive capital deployment, even as management remains focused on improving profitability...We believe the shares continue to trade at attractive levels on an EV/EBITDA basis with 2.0-2.1x discount to TCY/Equinix (Nasdaq: EQIX), respectively, on 2013E EBITDA."
(Barclays raises FY12 EPS estimate from $0.53 to $0.56 and initiates FY13 at $0.64)
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 $16.61 yesterday.
Analyst, James M. Ratcliffe, said, "...We believe INXN's business remains on firm footing despite European macro concerns, which reflects the strength of the data center business model. Company's 2012 guidance suggests a year of aggressive capital deployment, even as management remains focused on improving profitability...We believe the shares continue to trade at attractive levels on an EV/EBITDA basis with 2.0-2.1x discount to TCY/Equinix (Nasdaq: EQIX), respectively, on 2013E EBITDA."
(Barclays raises FY12 EPS estimate from $0.53 to $0.56 and initiates FY13 at $0.64)
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 $16.61 yesterday.
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