Stifel Nicolaus Reaffirms Buy Rating for Equifax, Inc. (EFX)
Equifax, Inc. (NYSE:EFX)‘s stock had its “buy” rating reaffirmed by Stifel Nicolaus in a research report issued on Friday. They presently have a $149.00 price objective on the credit services provider’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 20.91% from the company’s current price.
Several other equities research analysts have also recently commented on EFX. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Equifax in a report on Wednesday, August 9th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Equifax in a report on Friday. Morgan Stanley cut their price target on Equifax from $144.00 to $140.00 and set an “equal weight” rating for the company in a report on Friday. BidaskClub cut Equifax from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $151.00 price target on shares of Equifax in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. Equifax presently has a consensus rating of “Buy” and a consensus price target of $145.09.
Shares of Equifax (NYSE EFX) traded down 13.66% during trading on Friday, hitting $123.23. The stock had a trading volume of 16,854,687 shares. The firm has a market cap of $14.83 billion, a price-to-earnings ratio of 26.10 and a beta of 0.93. The firm’s 50-day moving average is $142.22 and its 200 day moving average is $137.96. Equifax has a 52-week low of $110.87 and a 52-week high of $147.02.
Equifax (NYSE:EFX) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 EPS for the quarter, beating the consensus estimate of $1.57 by $0.03. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The firm had revenue of $856.70 million during the quarter, compared to analysts’ expectations of $860.48 million. During the same quarter last year, the firm earned $1.43 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts expect that Equifax will post $6.08 EPS for the current year.
In related news, CFO John W. Gamble, Jr. sold 6,500 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $145.60, for a total value of $946,400.00. Following the completion of the transaction, the chief financial officer now directly owns 42,078 shares in the company, valued at $6,126,556.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph Michael Loughran III sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $146.02, for a total value of $584,080.00. Following the completion of the transaction, the insider now owns 42,723 shares of the company’s stock, valued at $6,238,412.46. The disclosure for this sale can be found here. Insiders sold 12,219 shares of company stock valued at $1,780,938 over the last quarter. 1.29% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intl Fcstone Inc. purchased a new position in shares of Equifax during the second quarter worth $1,438,000. Sentry Investment Management LLC boosted its position in shares of Equifax by 1.4% during the second quarter. Sentry Investment Management LLC now owns 7,057 shares of the credit services provider’s stock worth $970,000 after buying an additional 96 shares during the period. Toronto Dominion Bank boosted its position in shares of Equifax by 25.9% during the second quarter. Toronto Dominion Bank now owns 40,718 shares of the credit services provider’s stock worth $5,594,000 after buying an additional 8,364 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Equifax during the second quarter worth $1,055,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Equifax by 2.0% during the second quarter. Public Employees Retirement System of Ohio now owns 51,898 shares of the credit services provider’s stock worth $7,132,000 after buying an additional 1,026 shares during the period. Institutional investors and hedge funds own 90.01% of the company’s stock.
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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