26.31% to Target, Guggenheim Keeps Buy Rating for Equinix (EQIX) Stock; Eulav Asset Management Cut Azz (AZZ) Holding By $897,600

February 15, 2018 - By Louis Casey

Eulav Asset Management decreased Azz Inc (AZZ) stake by 14.11% reported in 2017Q3 SEC filing. Eulav Asset Management sold 18,700 shares as Azz Inc (AZZ)’s stock declined 7.57%. The Eulav Asset Management holds 113,800 shares with $5.54M value, down from 132,500 last quarter. Azz Inc now has $1.11 billion valuation. The stock decreased 0.47% or $0.2 during the last trading session, reaching $42.75. About 32,226 shares traded. AZZ Inc. (NYSE:AZZ) has declined 1.54% since February 15, 2017 and is downtrending. It has underperformed by 18.24% the S&P500.

Among 23 analysts covering Equinix (NASDAQ:EQIX), 22 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Equinix has $576.0 highest and $300 lowest target. $493.29’s average target is 20.98% above currents $407.74 stock price. Equinix had 63 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Barclays Capital on Wednesday, October 18. Citigroup maintained it with “Buy” rating and $530 target in Thursday, November 2 report. As per Monday, November 13, the company rating was maintained by RBC Capital Markets. The rating was maintained by Canaccord Genuity on Friday, August 12 with “Buy”. The firm has “Hold” rating given on Friday, July 15 by Jefferies. The firm earned “Buy” rating on Thursday, August 3 by Stifel Nicolaus. The rating was upgraded by Wells Fargo on Monday, January 4 to “Outperform”. Jefferies maintained Equinix, Inc. (NASDAQ:REIT) rating on Tuesday, September 5. Jefferies has “Hold” rating and $440.0 target. The firm has “Buy” rating given on Thursday, November 2 by Nomura. The rating was initiated by Deutsche Bank on Tuesday, October 24 with “Buy”.

Investors sentiment decreased to 1.19 in Q3 2017. Its down 0.04, from 1.23 in 2017Q2. It is negative, as 18 investors sold AZZ shares while 39 reduced holdings. 16 funds opened positions while 52 raised stakes. 22.73 million shares or 3.80% more from 21.89 million shares in 2017Q2 were reported. Metropolitan Life Insurance Com Ny holds 0.01% or 17,978 shares. The Colorado-based Ghp Advisors has invested 0.11% in AZZ Inc. (NYSE:AZZ). Eaton Vance Management reported 0.01% stake. 22,948 were accumulated by Ny State Teachers Retirement. Washington-based Parametric Port Assoc Ltd Liability Corporation has invested 0% in AZZ Inc. (NYSE:AZZ). Moreover, Bank & Trust Of Montreal Can has 0% invested in AZZ Inc. (NYSE:AZZ). Dean Cap holds 1.09% or 47,595 shares. Geode Management has invested 0% in AZZ Inc. (NYSE:AZZ). Legal General Public Ltd Co owns 50,995 shares for 0% of their portfolio. Sei holds 24,297 shares or 0% of its portfolio. Neuberger Berman Group Limited Liability Corporation reported 2.05M shares. Td Asset Management Incorporated has 0% invested in AZZ Inc. (NYSE:AZZ) for 28,800 shares. Arizona State Retirement System has 13,516 shares. Citigroup owns 14,978 shares for 0% of their portfolio. Nj State Employees Deferred Compensation Plan has 0.11% invested in AZZ Inc. (NYSE:AZZ) for 12,000 shares.

Among 3 analysts covering AZZ (NYSE:AZZ), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. AZZ had 9 analyst reports since September 1, 2015 according to SRatingsIntel. Stifel Nicolaus initiated the shares of AZZ in report on Monday, March 28 with “Hold” rating. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, July 7 report. The firm has “Sell” rating given on Thursday, December 8 by Stifel Nicolaus. The stock of AZZ Inc. (NYSE:AZZ) earned “Buy” rating by Zacks on Tuesday, September 1. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, September 27. Stifel Nicolaus upgraded AZZ Inc. (NYSE:AZZ) rating on Tuesday, January 10. Stifel Nicolaus has “Hold” rating and $60 target. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, September 7 report. Sidoti downgraded AZZ Inc. (NYSE:AZZ) on Monday, October 12 to “Neutral” rating. The rating was downgraded by BB&T Capital to “Hold” on Monday, January 11.

Eulav Asset Management increased Zendesk Inc (NYSE:ZEN) stake by 21,600 shares to 341,600 valued at $9.94M in 2017Q3. It also upped Urban Outfitters Inc (NASDAQ:URBN) stake by 17,000 shares and now owns 247,000 shares. Home Depot Inc (NYSE:HD) was raised too.

Analysts await Equinix, Inc. (NASDAQ:REIT) to report earnings on February, 21. They expect $4.22 EPS, up 3.43% or $0.14 from last year’s $4.08 per share. EQIX’s profit will be $330.15M for 24.16 P/E if the $4.22 EPS becomes a reality. After $4.97 actual EPS reported by Equinix, Inc. for the previous quarter, Wall Street now forecasts -15.09% negative EPS growth.

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