InterXion (INXN) Earns “Outperform” Rating from Citigroup

Citigroup reiterated their outperform rating on shares of InterXion (NYSE:INXN) in a research report released on Tuesday, The Fly reports. They currently have a $68.00 price target on the technology company’s stock, up from their previous price target of $62.00.

INXN has been the subject of several other research reports. Zacks Investment Research upgraded shares of InterXion from a hold rating to a buy rating and set a $57.00 price objective for the company in a research note on Wednesday, October 4th. SunTrust Banks reiterated a buy rating and issued a $57.00 price objective on shares of InterXion in a research note on Thursday, October 12th. BidaskClub upgraded shares of InterXion from a buy rating to a strong-buy rating in a research note on Saturday, November 4th. Stifel Nicolaus reiterated a buy rating and issued a $55.00 price objective on shares of InterXion in a research note on Thursday, September 14th. Finally, Wells Fargo & Co reiterated an outperform rating and issued a $62.00 price objective (up previously from $54.00) on shares of InterXion in a research note on Thursday, November 2nd. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $59.40.

InterXion (NYSE:INXN) traded down $0.13 during trading hours on Tuesday, hitting $58.64. 589,800 shares of the stock traded hands, compared to its average volume of 570,162. The company has a market cap of $4,170.00, a price-to-earnings ratio of 97.73, a P/E/G ratio of 5.95 and a beta of 0.56. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.22. InterXion has a 12 month low of $36.72 and a 12 month high of $60.50.

A number of hedge funds have recently made changes to their positions in the business. Atlantic Trust Group LLC bought a new stake in InterXion during the 3rd quarter valued at $3,177,000. Insight Capital Research & Management Inc. bought a new stake in InterXion during the 3rd quarter valued at $918,000. California Public Employees Retirement System increased its stake in InterXion by 26.4% during the 3rd quarter. California Public Employees Retirement System now owns 89,091 shares of the technology company’s stock valued at $4,537,000 after purchasing an additional 18,591 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in InterXion during the 3rd quarter valued at $553,000. Finally, Vident Investment Advisory LLC bought a new stake in InterXion during the 3rd quarter valued at $250,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

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About InterXion

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.

The Fly

Analyst Recommendations for InterXion (NYSE:INXN)

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