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Is this Large Market Cap Stock target price reasonable for Equinix, Inc. (NASDAQ:EQIX)?

The company in question is, Equinix, Inc. (NASDAQ:EQIX) currently with a stock price of 372.89 (-1.21% today). The market cap for Equinix, Inc. is 25907.48, and is in the sector Technology, and Internet Software & Services industry. The target price for Equinix, Inc. is 404.35. Currently Equinix, Inc. is trading with a P/E of 281.67, and a forward P/E of 67.88. Average volume for Equinix, Inc. is 616.47 and so far today it is 124347.

Performance in the last year for Equinix, Inc. has been 45.17%. For EPS growth, Equinix, Inc. has seen a growth of 166.80%, and is looking to grow in the next year to 150.23%. More long term stats show that EPS growth has been 38.30% over the last five years and could be 21.18% for the next five years. Equinix, Inc. has seen sales growth quarter over quarter at 31.30%, with EPS growth quarter over quarter at -142.30%. The 20-day simple moving average is 0.25%, with the 200-day simple moving average coming to 16.59%.

Since the IPO date for Equinix, Inc. on the 8/11/2000, Equinix, Inc. has seen performance year to date to be 26.16%. With Equinix, Inc. trading at 372.89, the dividend yield is 1.85%, and the EPS is 1.34.

So could Equinix, Inc., be undervalued? Well as said before P/E is 281.67. The PEG is 13.3, P/S is 8.85 and the P/B is at 5.34. The P/cash is 40.09, with P/free cash flow at *TBA.

Equinix, Inc. ability to deal with debt shows that the current ratio is 1.4, and the quick ratio is 1.4. This is with long term debt/equity at 1.35, and total debt/equity at 1.49.

In terms of margins, Equinix, Inc. has a gross margin of 51.50%, an operating margin of 18.10% and a profit margin of 2.70%.Payout ratio for Equinix, Inc. is 463.30%. Return on assets come to 0.80% with return on investment coming to 5.90%.

Insider ownership for Equinix, Inc., is at 0.20% and institutional ownership comes to 98.50%. Outstanding shares are at 68.64. While shares float is 68.64. The float short is currently 3.79%, and short ratio is 4.22.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Mark Hines

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