Barclays PLC Reaffirms Overweight Rating for Equifax, Inc. (EFX)
Barclays PLC reiterated their overweight rating on shares of Equifax, Inc. (NYSE:EFX) in a research note released on Thursday morning. The firm currently has a $115.00 price objective on the credit services provider’s stock, down from their prior price objective of $150.00.
A number of other analysts also recently weighed in on the stock. Morgan Stanley reduced their target price on shares of Equifax from $144.00 to $140.00 and set an equal weight rating on the stock in a report on Friday, September 8th. Evercore ISI restated a buy rating and issued a $174.00 target price on shares of Equifax in a report on Saturday, September 9th. BidaskClub upgraded shares of Equifax from a hold rating to a buy rating in a report on Saturday, June 17th. J P Morgan Chase & Co restated a buy rating on shares of Equifax in a report on Friday, September 8th. Finally, Zacks Investment Research downgraded shares of Equifax from a buy rating to a hold rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of $137.93.
Shares of Equifax (NYSE:EFX) opened at 92.98 on Thursday. The firm’s 50-day moving average is $136.38 and its 200 day moving average is $137.03. Equifax has a 52-week low of $89.59 and a 52-week high of $147.02. The stock 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 posted its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.03. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The firm 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 posted $1.43 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts expect that Equifax will post $6.06 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a dividend of $0.39 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.68%. Equifax’s dividend payout ratio is presently 33.05%.
In other Equifax news, insider Joseph Michael Loughran III sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $146.02, for a total value of $584,080.00. Following the completion of the sale, the insider now directly owns 42,723 shares of the company’s stock, valued at approximately $6,238,412.46. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Rodolfo O. Ploder sold 1,719 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $145.70, for a total transaction of $250,458.30. Following the completion of the sale, the insider now directly owns 43,648 shares of the company’s stock, valued at $6,359,513.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,219 shares of company stock valued at $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 business. Teachers Advisors LLC boosted its position in Equifax by 18.5% in the 2nd quarter. Teachers Advisors LLC now owns 480,790 shares of the credit services provider’s stock valued at $66,070,000 after buying an additional 75,144 shares during the period. Swiss National Bank boosted its position in Equifax by 3.2% in the 2nd quarter. Swiss National Bank now owns 437,845 shares of the credit services provider’s stock valued at $60,169,000 after buying an additional 13,500 shares during the period. Airain ltd boosted its position in Equifax by 166.0% in the 2nd quarter. Airain ltd now owns 12,161 shares of the credit services provider’s stock valued at $1,671,000 after buying an additional 7,590 shares during the period. William Blair Investment Management LLC boosted its position in Equifax by 99.4% in 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 buying an additional 650,550 shares during the period. Finally, Bank of America Corp DE boosted its position in Equifax by 3.4% in the 1st quarter. Bank of America Corp DE now owns 523,024 shares of the credit services provider’s stock valued at $71,519,000 after buying an additional 17,202 shares during the period. 90.00% of the stock is owned by institutional investors.
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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