Switch Inc (NYSE:SWCH) has been given a consensus rating of “Buy” by the eleven brokerages that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $21.83.
A number of research firms have weighed in on SWCH. Raymond James Financial began coverage on shares of Switch in a research note on Tuesday, October 31st. They set a “market perform” rating on the stock. Goldman Sachs Group began coverage on shares of Switch in a research note on Tuesday, October 31st. They set a “neutral” rating on the stock. Citigroup assumed coverage on shares of Switch in a research note on Tuesday, October 31st. They set a “neutral” rating and a $22.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on shares of Switch in a research report on Tuesday, October 31st. They issued an “overweight” rating and a $22.00 price objective for the company. Finally, BMO Capital Markets assumed coverage on shares of Switch in a research report on Tuesday, October 31st. They issued an “outperform” rating and a $23.00 price objective for the company.
Switch (NYSE SWCH) opened at $17.25 on Friday. The company has a debt-to-equity ratio of 5.18, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market cap of $4,360.00 and a P/E ratio of 123.21. Switch has a one year low of $15.77 and a one year high of $24.90.
The firm also recently disclosed a special dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were given a $0.014 dividend. The ex-dividend date of this dividend was Friday, December 15th. Switch’s payout ratio is currently 7.14%.
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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