Equifax Upgraded to “Outperform” by Robert W. Baird (EFX)
Equifax (NYSE:EFX) was upgraded by Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $74.00 target price on the stock, up from their previous target price of $66.00. Robert W. Baird’s price target would suggest a potential upside of 12.94% from the stock’s previous close.
The analysts wrote, “Core (ex.-mortgage) organic growth accelerated to an impressive 9% which we view as strong growth against the current macro backdrop, and EFX’s mortgage business has been materially outperforming in a very challenging market. EFX has been repositioned to include more proprietary data assets that can be cross-monetized, and appears to be executing at a high level. While the company still needs to work through mortgage market headwinds, we believe valuation is attractive; upgrading to Outperform.”
Equifax (NYSE:EFX) traded up 2.81% on Friday, hitting $65.52. 1,095,564 shares of the company’s stock traded hands. Equifax has a one year low of $45.37 and a one year high of $65.65. The stock’s 50-day moving average is $62.2 and its 200-day moving average is $60.16. The company has a market cap of $7.946 billion and a price-to-earnings ratio of 24.76.
Equifax (NYSE:EFX) last announced its earnings results on Thursday, October 24th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The company had revenue of $572.00 million for the quarter, compared to the consensus estimate of $576.00 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts predict that Equifax will post $3.60 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital downgraded shares of Equifax from an “outperform” rating to a “sector perform” rating in a research note to investors on Tuesday, September 24th. They now have a $67.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Equifax in a research note to investors on Friday, September 20th. They set a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Equifax in a research note to investors on Friday, August 9th. They now have a $69.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $67.30.
Equifax Inc is a provider of information solutions for businesses and consumers. The Company’s clients and customers include financial institutions, corporations, governments and individuals.
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