Equifax, Inc. (EFX) Price Target Increased to $155.00 by Analysts at SunTrust Banks, Inc.
A number of other equities research analysts have also recently weighed in on EFX. Argus initiated coverage on Equifax in a research note on Tuesday, June 13th. They issued a buy rating and a $166.00 price objective for the company. BidaskClub upgraded Equifax from a hold rating to a buy rating in a research note on Saturday, June 17th. Zacks Investment Research cut Equifax from a buy rating to a hold rating in a research note on Monday, July 17th. Morgan Stanley reiterated an equal weight rating and issued a $144.00 price objective (up previously from $142.00) on shares of Equifax in a research note on Tuesday, July 18th. Finally, Deutsche Bank AG reiterated a buy rating and issued a $160.00 price objective (up previously from $140.00) on shares of Equifax in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Equifax has an average rating of Buy and a consensus price target of $137.93.
Shares of Equifax (NYSE:EFX) traded down 3.81% during trading on Friday, reaching $92.98. 16,707,681 shares of the company traded hands. The stock’s 50 day moving average is $136.38 and its 200 day moving average is $137.03. Equifax has a 1-year low of $89.59 and a 1-year high of $147.02. The company has a market capitalization of $11.19 billion, a price-to-earnings ratio of 19.69 and a beta of 0.93.
Equifax (NYSE:EFX) last issued its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $856.70 million during the quarter, compared to analysts’ expectations of $860.48 million. During the same quarter in the previous year, the business earned $1.43 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts forecast that Equifax will post $6.06 EPS for the current year.
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The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Wednesday, August 23rd. Equifax’s dividend payout ratio (DPR) is presently 33.05%.
In other news, CFO John W. Gamble, Jr. sold 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $145.60, for a total transaction of $946,400.00. Following the completion of the sale, the chief financial officer now owns 42,078 shares in the company, valued at $6,126,556.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rodolfo O. Ploder sold 1,719 shares of the company’s stock in a transaction that occurred on 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 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. Insiders have sold 12,219 shares of company stock valued at $1,780,938 in the last 90 days. Company insiders own 1.29% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in EFX. YorkBridge Wealth Partners LLC raised its stake in shares of Equifax by 5.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 781 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 37 shares during the last quarter. Sun Life Financial INC raised its stake in shares of Equifax by 9,722.2% during the second quarter. Sun Life Financial INC now owns 884 shares of the credit services provider’s stock worth $121,000 after purchasing an additional 875 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Equifax by 24.6% during the second quarter. IFP Advisors Inc now owns 928 shares of the credit services provider’s stock worth $128,000 after purchasing an additional 183 shares during the last quarter. ETF Managers Group LLC acquired a new position in Equifax during the second quarter worth $137,000. Finally, SNS Financial Group LLC acquired a new position in Equifax during the second quarter worth $200,000. Institutional investors and hedge funds 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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