Equifax, Inc. (EFX) Earns Buy Rating from J P Morgan Chase & Co
Equifax, Inc. (NYSE:EFX)‘s stock had its “buy” rating reaffirmed by equities researchers at J P Morgan Chase & Co in a research note issued to investors on Friday.
A number of other analysts have also recently commented on the stock. Morgan Stanley restated an “equal weight” rating and set a $144.00 target price (up previously from $142.00) on shares of Equifax in a report on Tuesday, July 18th. Zacks Investment Research lowered Equifax from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Cowen and Company reaffirmed a “buy” rating and set a $151.00 price target on shares of Equifax in a research report on Friday, July 28th. Argus began coverage on shares of Equifax in a research report on Tuesday, June 13th. They set a “buy” rating and a $166.00 price target for the company. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Equifax in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $145.09.
Shares of Equifax (NYSE EFX) traded down 13.66% during trading on Friday, reaching $123.23. 13,696,792 shares of the company’s stock traded hands. Equifax has a 52-week low of $110.87 and a 52-week high of $147.02. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 26.10 and a beta of 0.93. The company’s 50-day moving average is $142.78 and its 200 day moving average is $138.06.
Equifax (NYSE:EFX) last issued its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.57 by $0.03. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The company had revenue of $856.70 million for the quarter, compared to the consensus estimate of $860.48 million. During the same period in the previous year, the firm earned $1.43 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts forecast that Equifax will post $6.08 EPS for the current year.
In related news, insider Joseph Michael Loughran III sold 4,000 shares of Equifax stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $146.02, for a total transaction of $584,080.00. Following the completion of the sale, the insider now owns 42,723 shares of the company’s stock, valued at $6,238,412.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rodolfo O. Ploder sold 1,719 shares of Equifax stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $145.70, for a total value of $250,458.30. Following the sale, the insider now directly owns 43,648 shares of the company’s stock, valued at approximately $6,359,513.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,219 shares of company stock worth $1,780,938. 1.29% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its position in Equifax by 9.4% during the first quarter. IFP Advisors Inc now owns 745 shares of the credit services provider’s stock valued at $102,000 after acquiring an additional 64 shares in the last quarter. YorkBridge Wealth Partners LLC increased its position in shares of Equifax by 23.8% in the first quarter. YorkBridge Wealth Partners LLC now owns 744 shares of the credit services provider’s stock valued at $102,000 after buying an additional 143 shares in the last quarter. Sun Life Financial INC increased its position in shares of Equifax by 9,722.2% in the second quarter. Sun Life Financial INC now owns 884 shares of the credit services provider’s stock valued at $121,000 after buying an additional 875 shares in the last quarter. ETF Managers Group LLC purchased a new stake in shares of Equifax in the second quarter valued at approximately $137,000. Finally, SNS Financial Group LLC purchased a new stake in shares of Equifax in the second quarter valued at approximately $200,000. 90.01% of the stock is owned by hedge funds and other institutional investors.
Equifax Inc is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Global Consumer Solutions. Its products and services are based on databases of consumer and business information derived from various sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.
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