Analysts Shared Their Read on 2 Stocks: Equinix, Inc. (EQIX), Royal Bank of Canada (RY)

The opening price for Equinix, Inc. (NASDAQ:EQIX) was $486.94 and the volume amounted to 0.44 million shares which compares with the average volume of 0.44 million shares. The company stock experienced a 1.01% move to arrive at $492.98.

Equinix, Inc. (EQIX) Analyst Opinion

Equinix, Inc. has a consensus outperform rating from 25 Wall Street analysts, and the number of shares currently sold short amount to at least 2.47% of shares outstanding. The stock spiked 9.09% last month and is up 37.93 this year. Wall Street is only getting more bullish on the stock, with 21 of analysts who cover EQIX having a buy-equivalent rating. Analysts have placed a $502.95 price target on Equinix, Inc., suggesting a 2.02% gain from recent close. It’s currently trading about -0.17% below its 52-week high.

Equinix, Inc. Earnings Surprise

Equinix, Inc. (EQIX) failed to surprise the stock market in its last reported earnings when it earned $1.02 a piece versus the consensus-estimated $1.17. Its revenue totaled $1.14 billion up 6.77% from the previous quarter.

Equinix, Inc. (NASDAQ:EQIX) Intraday View

This stock (EQIX) is ahead of its 52-week low with 56.73%. Its last month’s stock price volatility remained 2.07% which for the week stands at 1.66%. The share price has moved forward from its 20 days moving average, trading at a distance of 5.39% and stays 7.37% away from its 50 days moving average. Over the last five days, shares have managed 5.55% gains and now is up 15.54% since hitting its 200-day moving average of $444.5. Equinix, Inc. (EQIX) has made its way to a 12-month gain of 38.38%.

Turning to Royal Bank of Canada (NYSE:RY), its shares were trading at $79.42 a gain of $0.11, on the trading floor. The stock, after opening at $79.56, touched a high of $79.56 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.6. Royal Bank of Canada has 0 buy ratings, 2 holds and 0 sells even after the stock tumbled -1.93% from its high of $80.98 to a $115.93 billion market value through last close.

Royal Bank of Canada (RY) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.57 to 2.57 during a month. Analysts set a 12-month price target of $79.96 a share. The target implies a 0.68% spike from where the shares are currently trading. Also, the current price highlights a discount of 0.73% to analysts’ high consensus price target.

Royal Bank of Canada (NYSE:RY) Intraday Trading

The counter witnessed a trading volume of 0.51 million shares versus an average volume of 0.83 million shares during last trading session. Its last month’s stock price volatility remained 0.72% which for the week approaches 0.75%. The lowest price the stock reached in the last trading day was $79.23 and compares with the $61.62 52-week low. The stock recovered 28.89% since its low point and has performed 17.29% year-to-date.

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