Weekly Analysts’ Ratings Updates for Switch (SWCH)

A number of firms have modified their ratings and price targets on shares of Switch (NYSE: SWCH) recently:

  • 5/15/2019 – Switch was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Switch, Inc. is a technology infrastructure company. It designs, constructs and operates hyperscale data centers. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services and content ecosystems. Switch, Inc. is based in LAS VEGAS, United States. “
  • 5/11/2019 – Switch was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $13.00 price target on the stock. According to Zacks, “Switch, Inc. is a technology infrastructure company. It designs, constructs and operates hyperscale data centers. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services and content ecosystems. Switch, Inc. is based in LAS VEGAS, United States. “
  • 5/10/2019 – Switch had its price target raised by analysts at JPMorgan Chase & Co. from $10.00 to $12.00.
  • 5/4/2019 – Switch was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Switch, Inc. is a technology infrastructure company. It designs, constructs and operates hyperscale data centers. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services and content ecosystems. Switch, Inc. is based in LAS VEGAS, United States. “
  • 5/3/2019 – Switch was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “Switch, Inc. is a technology infrastructure company. It designs, constructs and operates hyperscale data centers. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services and content ecosystems. Switch, Inc. is based in LAS VEGAS, United States. “
  • 4/25/2019 – Switch was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Switch, Inc. is a technology infrastructure company. It designs, constructs and operates hyperscale data centers. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services and content ecosystems. Switch, Inc. is based in LAS VEGAS, United States. “
  • 4/24/2019 – Switch was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “Switch, Inc. is a technology infrastructure company. It designs, constructs and operates hyperscale data centers. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services and content ecosystems. Switch, Inc. is based in LAS VEGAS, United States. “
  • 4/18/2019 – Switch was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Switch, Inc. is a technology infrastructure company. It designs, constructs and operates hyperscale data centers. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services and content ecosystems. Switch, Inc. is based in LAS VEGAS, United States. “
  • 4/17/2019 – Switch was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “Switch, Inc. is a technology infrastructure company. It designs, constructs and operates hyperscale data centers. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services and content ecosystems. Switch, Inc. is based in LAS VEGAS, United States. “
  • 4/6/2019 – Switch was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Switch, Inc. is a technology infrastructure company. It designs, constructs and operates hyperscale data centers. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services and content ecosystems. Switch, Inc. is based in LAS VEGAS, United States. “
  • 4/5/2019 – Switch was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “Switch, Inc. is a technology infrastructure company. It designs, constructs and operates hyperscale data centers. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services and content ecosystems. Switch, Inc. is based in LAS VEGAS, United States. “
  • 3/27/2019 – Switch was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Switch, Inc. is a technology infrastructure company. It designs, constructs and operates hyperscale data centers. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services and content ecosystems. Switch, Inc. is based in LAS VEGAS, United States. “

Shares of SWCH traded down $0.09 during mid-day trading on Friday, hitting $12.29. 890,119 shares of the company traded hands, compared to its average volume of 1,190,581. Switch Inc has a one year low of $6.39 and a one year high of $14.37. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.47 and a quick ratio of 1.44. The stock has a market capitalization of $3.03 billion, a P/E ratio of 136.56, a price-to-earnings-growth ratio of 6.24 and a beta of 1.10.

Switch (NYSE:SWCH) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). Switch had a net margin of 0.98% and a return on equity of 1.27%. The company had revenue of $107.03 million for the quarter, compared to the consensus estimate of $105.43 million. As a group, analysts anticipate that Switch Inc will post 0.17 EPS for the current year.



The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 22nd will be paid a dividend of $0.0294 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $0.12 annualized dividend and a dividend yield of 0.96%. Switch’s dividend payout ratio (DPR) is currently 133.33%.

In related news, major shareholder Scott Russell Gragson sold 138,200 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $10.94, for a total value of $1,511,908.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Donald D. Snyder sold 300,000 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $10.42, for a total transaction of $3,126,000.00. The disclosure for this sale can be found here. Insiders sold 554,350 shares of company stock worth $5,921,819 over the last 90 days. 28.39% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Assetmark Inc. lifted its holdings in Switch by 56.2% in the first quarter. Assetmark Inc. now owns 7,140 shares of the company’s stock valued at $74,000 after buying an additional 2,570 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in Switch in the first quarter worth $90,000. BNP Paribas Arbitrage SA raised its holdings in Switch by 328.6% in the first quarter. BNP Paribas Arbitrage SA now owns 9,121 shares of the company’s stock worth $94,000 after purchasing an additional 6,993 shares during the period. ExodusPoint Capital Management LP acquired a new stake in Switch in the first quarter worth $120,000. Finally, WealthPLAN Partners LLC acquired a new stake in Switch in the fourth quarter worth $108,000. Institutional investors and hedge funds own 19.17% of the company’s stock.

Switch, Inc, through its subsidiary, Switch, Ltd., provides colocation space and related services primarily to technology and digital media companies in the United States. It develops and operates data centers in Nevada and Michigan. The company also serves cloud and managed service providers, financial institutions, IT and software providers, government agencies, network and telecommunications providers, and others that conduct critical business on the Internet.

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