Updated Investment Thesis On Equinix, Inc. (REIT) (EQIX), United Technologies Corporation (UTX)

23 analysts out of 25 Wall Street brokerage firms rate Equinix, Inc. (REIT) (NASDAQ:EQIX) as a Buy, while 0 see it as a Sell. The rest 2 describe it as a Hold. EQIX stock traded higher to an intra-day high of $484.5. At one point in session, its potential discontinued and the price was down to lows at $477.005. Analysts have set EQIX’s consensus price at $514.87, effectively giving it a 6.38% projection on returns. Should the projected estimates be met, then the stock will likely hit its highest price at $560 (up 15.7% from current price levels). EQIX has a 5.7% ROE, lower than the 6.88% average for the industry. The average ROE for the sector is 15.43%.

It is expected that in Jun 2019 quarter EQIX will have an EPS of $5.14, suggesting a -4.28% growth. For Sep 2019 is projected at $5.17. It means that there could be a 3.19% growth in the quarter. Yearly earnings are expected to rise by 0.58% to about $20.81. As for the coming year, growth will be about 8.51%, lifting earnings to $22.58. RSI after the last trading period was 67.9. EQIX recorded a change of 1.91% over the past week and returned 21.77% over the last three months while the EQIX stock’s monthly performance revealed a shift in price of 4.45%. The year to date (YTD) performance stands at 37.28%, and the bi-yearly performance specified an activity trend of 24.27% while the shares have moved 20.43% for the past 12 months.

Equinix, Inc. (REIT) (EQIX) currently trades at $484, which is higher by 1.63% its previous price. It has a total of 83.5 million outstanding shares, with an ATR of around 9. The company’s stock volume dropped to 0.42 million, worse than 503.33 thousands that represents its 50-day average. A 5-day increase of about 1.91% in its price means EQIX is now 37.28% higher on year-to-date. The shares have surrendered $42976 since its $483.64 52-week high price recorded on 14th of May 2019. Overall, it has seen a growth rate of 20.43 over the last 12 months. The current price per share is $148.71 above the 52 week low of $335.29 set on 26th of December 2018.

Equinix, Inc. (REIT) (NASDAQ:EQIX)’s EPS was $1.57 as reported for the March quarter. In comparison, the same quarter a year ago had an EPS of $0.79. That means that its growth in general now stands at 99%. Therefore, a prediction of $1.44 given by the analysts brought a positive surprise of 9%. EQIX March quarter revenue was $1.36 billion, compared to $1.22 billion recorded in same quarter last year, giving it a 12% growth rate. The company’s $0.14 billion revenue growth that quarter surprised Wall Street and investors will need to consider this as they assess the stock.

United Technologies Corporation (NYSE:UTX) shares appreciated 1.53% over the last trading period, taking overall 5-day performance up to -1.08%. UTX’s price now at $133.98 is greater than the 50-day average of $132.46. Getting the trading period increased to 200 days, the stock price was seen at $127.67 on average. The general public currently hold control of a total of 860.34 million shares, which is the number publicly available for trading. The total of shares that it has issued to investors is 860.34 million. The company’s management holds a total of 0.1%, while institutional investors hold about 82.1% of the remaining shares. UTX share price finished last trade -3.13% below its 20 day simple moving average and its upbeat gap from 200 day simple moving average is 4.94%, while closing the session with 1.27% distance from 50 day simple moving average.

United Technologies Corporation (UTX) shares were last observed trading -7.22% down since May 01, 2019 when the peak of $144.4 was hit. Last month’s price growth of -0.98% puts UTX performance for the year now at 25.83%. Consequently, the shares price is trending higher by 33.34%, a 52-week worst price since Dec. 26, 2018. However, it is regaining value with 2.01% in the last 6 months. From a technical perspective, it appears more likely that the stock will experience a Bull Run market as a result of the strong support seen recently between $130.67 and $132.32. The immediate resistance area is now $135.32 Williams’s %R (14) for UTX moved to 74.38 while the stochastic %K points at 23.36.

UTX’s beta is 1.23; meaning investors could reap higher returns, although it also poses higher risks. The company allocated $7.32 per share from its yearly profit to its outstanding shares. Its last reported revenue is $18.37 billion, which was 20% versus $15.24 billion in the corresponding quarter last year. The EPS for Mar 19 quarter came in at $1.91 compared to $1.77 in the year-ago quarter and had represented 8% year-over-year earnings per share growth. UTX’s ROA is 4.4%, higher than the 3.44% industry average. Although a more robust percentage would be better, consideration is given to how well peers within the industry performed. Companies within the sector had an ROA of 5.08%.

Estimated quarterly earnings for United Technologies Corporation (NYSE:UTX) are around $2.03 per share in three months through June with $2.04 also the estimate for September quarter of the fiscal year. It means the growth is estimated at 3.05% and 5.7%, respectively. Analysts estimate full-year growth to be 4.6%, the target being $7.96 a share. The upcoming year will see an increase in growth by percentage to 9.3%, more likely to see it hit the $8.7 per share. The firm’s current profit margin over the past 12 months is 7.6%. UTX ranks higher in comparison to an average of 6.82% for industry peers; while the average for the sector is 8.97%.