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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 366.73 (2.38% today). The market cap for Equinix, Inc. is 26323.88, and is in the sector Technology, and Internet Software & Services industry. The target price for Equinix, Inc. is 420.11. Currently Equinix, Inc. is trading with a P/E of 410.21, and a forward P/E of 68.86. Average volume for Equinix, Inc. is 545.55 and so far today it is 512700.

Performance in the last year for Equinix, Inc. has been 36.47%. For EPS growth, Equinix, Inc. has seen a growth of 166.80%, and is looking to grow in the next year to 212.56%. More long term stats show that EPS growth has been 38.30% over the last five years and could be 22.80% for the next five years. Equinix, Inc. has seen sales growth quarter over quarter at 35.30%, with EPS growth quarter over quarter at -44.40%. The 20-day simple moving average is -1.01%, with the 200-day simple moving average coming to 10.03%.

Since the IPO date for Equinix, Inc. on the 8/11/2000, Equinix, Inc. has seen performance year to date to be 23.17%. With Equinix, Inc. trading at 366.73, the dividend yield is 1.91%, and the EPS is 0.89.

So could Equinix, Inc., be undervalued? Well as said before P/E is 410.21. The PEG is 17.99, P/S is 8.33 and the P/B is at 5.43. The P/cash is 54.11, with P/free cash flow at *TBA.

Equinix, Inc. ability to deal with debt shows that the current ratio is 1.3, and the quick ratio is 1.3. This is with long term debt/equity at 1.36, and total debt/equity at 1.49.

In terms of margins, Equinix, Inc. has a gross margin of 50.60%, an operating margin of 17.10% and a profit margin of 2.10%.Payout ratio for Equinix, Inc. is 633.70%. Return on assets come to 0.60% 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 71.78. While shares float is 70.63. The float short is currently 2.71%, and short ratio is 3.51.

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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