Equifax, Inc. (EFX) Receives Buy Rating from Evercore ISI
Equifax, Inc. (NYSE:EFX)‘s stock had its “buy” rating restated by analysts at Evercore ISI in a research report issued to clients and investors on Saturday. They presently have a $174.00 price target on the credit services provider’s stock. Evercore ISI’s target price points to a potential upside of 41.20% from the company’s current price.
Several other research analysts have also weighed in on EFX. Argus initiated coverage on Equifax in a research report on Tuesday, June 13th. They set a “buy” rating and a $166.00 price target on the stock. BidaskClub raised Equifax from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research lowered Equifax from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Morgan Stanley reissued an “equal weight” rating and set a $144.00 price target (up from $142.00) on shares of Equifax in a research report on Tuesday, July 18th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $160.00 price target (up from $140.00) on shares of Equifax in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $147.50.
Equifax (NYSE EFX) traded down 7.66% during mid-day trading on Friday, reaching $113.79. The company had a trading volume of 6,776,612 shares. The firm has a market capitalization of $13.70 billion, a P/E ratio of 24.10 and a beta of 0.93. Equifax has a 12 month low of $110.87 and a 12 month high of $147.02. The stock’s 50-day moving average is $142.17 and its 200 day moving average is $138.09.
Equifax (NYSE:EFX) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.03. The firm had revenue of $856.70 million for the quarter, compared to analyst estimates of $860.48 million. Equifax had a return on equity of 24.88% and a net margin of 17.44%. Equifax’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 earnings per share. On average, analysts predict that Equifax will post $6.07 earnings per share for the current fiscal year.
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In related news, 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 transaction of $584,080.00. Following the completion of the sale, the insider now owns 42,723 shares in the company, valued at approximately $6,238,412.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John W. Gamble, Jr. sold 6,500 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $145.60, for a total value of $946,400.00. Following the sale, the chief financial officer now owns 42,078 shares of the company’s stock, valued at approximately $6,126,556.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,219 shares of company stock worth $1,780,938. 1.29% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in EFX. BlackRock Inc. boosted its stake in Equifax by 1,540.8% during the 1st quarter. BlackRock Inc. now owns 9,280,680 shares of the credit services provider’s stock valued at $1,269,041,000 after purchasing an additional 8,715,062 shares during the period. Janus Henderson Group PLC boosted its stake in Equifax by 11,042.5% during the 2nd quarter. Janus Henderson Group PLC now owns 1,729,992 shares of the credit services provider’s stock valued at $237,735,000 after purchasing an additional 1,714,466 shares during the period. William Blair Investment Management LLC boosted its stake in Equifax by 99.4% during the 1st quarter. William Blair Investment Management LLC now owns 1,305,063 shares of the credit services provider’s stock valued at $178,454,000 after purchasing an additional 650,550 shares during the period. Vanguard Group Inc. boosted its stake in Equifax by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 11,433,584 shares of the credit services provider’s stock valued at $1,563,429,000 after purchasing an additional 373,774 shares during the period. Finally, FMR LLC boosted its stake in Equifax by 5.8% during the 2nd quarter. FMR LLC now owns 6,046,517 shares of the credit services provider’s stock valued at $830,912,000 after purchasing an additional 329,481 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.
Equifax Company Profile
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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