Equifax, Inc. (EFX) Downgraded by Argus
Argus lowered shares of Equifax, Inc. (NYSE:EFX) from a buy rating to a hold rating in a research report released on Friday, Marketbeat reports.
Several other research analysts have also issued reports on the stock. SunTrust Banks, Inc. upped their target price on shares of Equifax from $110.00 to $155.00 in a research report on Friday. Morgan Stanley upped their target price on shares of Equifax to $127.00 and gave the stock an equal weight rating in a research report on Thursday. Evercore ISI reiterated a buy rating and issued a $174.00 target price on shares of Equifax in a research report on Saturday, September 9th. BidaskClub upgraded shares of Equifax from a hold rating to a buy rating in a research report on Saturday, June 17th. Finally, J P Morgan Chase & Co reiterated a buy rating on shares of Equifax in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $137.93.
Shares of Equifax (NYSE:EFX) opened at 92.98 on Friday. The firm has a market cap of $11.19 billion, a P/E ratio of 19.69 and a beta of 0.93. Equifax has a 12-month low of $89.59 and a 12-month high of $147.02. The company’s 50 day moving average price is $136.38 and its 200 day moving average price is $137.03.
Equifax (NYSE:EFX) last announced its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (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 during the quarter, compared to analyst estimates of $860.48 million. During the same period in the previous year, the business earned $1.43 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities research 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. Investors of record on Friday, August 25th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Wednesday, August 23rd. Equifax’s payout ratio is currently 33.05%.
In other Equifax news, insider Joseph Michael Loughran III sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $146.02, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John W. Gamble, Jr. sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $145.60, for a total transaction of $946,400.00. Following the transaction, the chief financial officer now directly 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. Insiders have sold 12,219 shares of company stock valued at $1,780,938 in the last ninety days. Insiders own 1.29% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. ETF Managers Group LLC bought a new position in shares of Equifax during the second quarter valued at approximately $137,000. YorkBridge Wealth Partners LLC increased 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 valued at $108,000 after purchasing an additional 37 shares in the last quarter. Sun Life Financial INC increased 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 valued at $121,000 after purchasing an additional 875 shares in the last quarter. IFP Advisors Inc increased 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 valued at $128,000 after purchasing an additional 183 shares in the last quarter. Finally, SNS Financial Group LLC bought a new position in shares of Equifax during the second quarter valued at approximately $200,000. 90.00% of the stock is owned by institutional investors and hedge funds.
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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