Switch (SWCH) Given a $22.00 Price Target by Credit Suisse Group Analysts

Credit Suisse Group set a $22.00 target price on Switch (NYSE:SWCH) in a research report report published on Thursday morning. The firm currently has a buy rating on the stock.

Several other research analysts have also weighed in on SWCH. Goldman Sachs Group began coverage on Switch in a research report on Tuesday, October 31st. They set a neutral rating on the stock. William Blair began coverage on Switch in a research report on Tuesday, October 31st. They set an outperform rating on the stock. Wells Fargo & Company began coverage on Switch in a research report on Tuesday, October 31st. They set a market perform rating on the stock. Raymond James Financial began coverage on Switch in a research report on Tuesday, October 31st. They set a market perform rating on the stock. Finally, Citigroup began coverage on Switch in a research report on Tuesday, October 31st. They set a neutral rating and a $22.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $22.20.

Shares of Switch (NYSE:SWCH) opened at $16.71 on Thursday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.18. Switch has a 12 month low of $16.63 and a 12 month high of $24.90.

Switch (NYSE:SWCH) last posted its quarterly earnings results on Monday, November 13th. The company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The company had revenue of $97.70 million for the quarter, compared to analyst estimates of $95.81 million. The firm’s revenue for the quarter was up 19.6% on a year-over-year basis. analysts predict that Switch will post 0.02 EPS for the current year.

In related news, insider Erin Thomas Morton purchased 300,000 shares of the stock in a transaction on Wednesday, October 11th. The shares were purchased at an average price of $17.00 per share, with a total value of $5,100,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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Switch Company Profile

Switch, Inc is a technology infrastructure company. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services, and content ecosystems. The Company designs, constructs and operates hyperscale data centers that address the growing challenges facing the data center industry.

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