Interxion Holding NV Gets a Buy Rating from RBC Capital

By Carrie Williams

In a report released yesterday, Jonathan Atkin from RBC Capital reiterated a Buy rating on Interxion Holding NV (NYSE: INXN), with a price target of $50. The company’s shares closed yesterday at $44.86, close to its 52-week high of $44.96.

According to TipRanks.com, Atkin is a top 25 analyst with an average return of 15.1% and a 82.2% success rate. Atkin covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, Zayo Group Holdings, and GDS Holdings Ltd.

Interxion Holding NV has an analyst consensus of Strong Buy, with a price target consensus of $46.25.

Based on Interxion Holding NV’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $121 million and quarterly net profit of $11.52 million. In comparison, last year the company earned revenue of $112 million and had a net profit of $11.27 million.

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Interxion Holding NV engages in the provision of carrier and cloud neutral colocation data center services. It operates through the Big4 and the Rest of Europe segments. The Big4 segment consists of France, Germany, the Netherlands, and the United Kingdom. The Rest of Europe segment comprises of Austria, Belgium, Denmark, Ireland, Spain, Sweden, and Switzerland. Its services include colocation, interconnection, and customer service. The company was founded by Bart van den Dries on April 6, 1998 and is headquartered in Schiphol-Rijk, the Netherlands.