Equifax Stock Rating Reaffirmed by Zacks (EFX)
Equifax (NYSE:EFX)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued to clients and investors on Monday. They currently have a $76.00 price objective on the stock. Zacks‘s price objective would indicate a potential upside of 4.54% from the company’s current price.
Zacks’ analyst wrote, “Equifax reported mixed first-quarter results. While Equifax’s bottom line beat the Zacks Consensus Estimate, the top line fell short. Nonetheless, the company’s revenues increased on a year-over-year basis aided by strong growth across most of its business segments. The second-quarter guidance was also modest. Given the company’s strong correlation to consumer and financial markets as well as its U.S. and European exposure, we expect the results to improve gradually. However, stiff competition from Automatic Data Processing Inc., Fiserv Inc., Moody’s Corp. and uncertainty in the mortgage sector are the headwinds. Thus, we reiterate our Neutral recommendation on Equifax.”
Equifax (NYSE:EFX) traded up 0.01% on Monday, hitting $72.71. The stock had a trading volume of 337,668 shares. Equifax has a one year low of $58.75 and a one year high of $73.39. The stock’s 50-day moving average is $71.35 and its 200-day moving average is $69.97. The company has a market cap of $8.873 billion and a P/E ratio of 27.08.
Equifax (NYSE:EFX) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.89 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.87 by $0.02. The company had revenue of $584.50 million for the quarter, compared to the consensus estimate of $586.65 million. During the same quarter last year, the company posted $0.87 earnings per share. Equifax’s revenue was up 3.2% compared to the same quarter last year. Analysts expect that Equifax will post $3.84 EPS for the current fiscal year.
EFX has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Equifax in a research note on Friday, April 25th. They now have a $77.00 price target on the stock. Separately, analysts at Credit Suisse upgraded shares of Equifax from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 23rd. They now have a $80.00 price target on the stock, up previously from $65.00. Finally, analysts at Deutsche Bank upgraded shares of Equifax from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. They now have a $78.00 price target on the stock, up previously from $68.00. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $74.67.
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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