InterXion Holding NV Price Target Increased to $26.00 by Analysts at Piper Jaffray (INXN)

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Investment analysts at Piper Jaffray upped their target price on shares of InterXion Holding NV (NASDAQ:INXN) from $24.00 to $26.00 in a note issued to investors on Thursday, Analyst Ratings.Net reports. Piper Jaffray’s target price suggests a potential downside of 0.04% from the stock’s previous close.

Shares of InterXion Holding NV (NASDAQ:INXN) opened at 26.01 on Thursday. InterXion Holding NV has a 1-year low of $20.56 and a 1-year high of $27.98. The stock has a 50-day moving average of $24.97 and a 200-day moving average of $23.82. The company has a market cap of $1.791 billion and a price-to-earnings ratio of 189.71.

InterXion Holding NV (NASDAQ:INXN) last released its earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.01. The company had revenue of $80.61 million for the quarter, compared to the consensus estimate of $79.58 million. During the same quarter last year, the company posted $0.10 earnings per share. InterXion Holding NV’s revenue was up 8.4% compared to the same quarter last year. On average, analysts predict that InterXion Holding NV will post $0.56 earnings per share for the current fiscal year.

A number of other firms have also recently commented on INXN. Analysts at Evercore Partners downgraded shares of InterXion Holding NV from an “overweight” rating to an “equal weight” rating in a research note on Thursday. They now have a $28.00 price target on the stock, up previously from $27.00. Finally, analysts at Zacks upgraded shares of InterXion Holding NV from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 22nd. They now have a $28.90 price target on the stock. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.70.

InterXion Holding N.V. is a provider of carrier-neutral colocation data center services in Europe. The Company support customers through 33 data centers in 11 countries enabling them to protect, connect, process and distribute their information.

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