Barclays PLC Increases Equifax Inc. (EFX) Price Target to $150.00
Equifax Inc. (NYSE:EFX) had its price objective lifted by stock analysts at Barclays PLC from $140.00 to $150.00 in a note issued to investors on Wednesday, StockTargetPrices.com reports. The firm currently has an “overweight” rating on the stock. Barclays PLC’s price target suggests a potential upside of 13.77% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Equifax from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a report on Monday, August 1st. Deutsche Bank AG restated a “buy” rating on shares of Equifax in a report on Thursday, June 16th. Royal Bank Of Canada restated a “buy” rating and issued a $136.00 target price on shares of Equifax in a report on Wednesday, June 15th. Stifel Nicolaus upped their target price on shares of Equifax from $131.00 to $143.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Jefferies Group restated a “hold” rating and issued a $128.00 target price on shares of Equifax in a report on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $140.22.
Shares of Equifax (NYSE:EFX) opened at 131.85 on Wednesday. The company has a market cap of $15.73 billion, a PE ratio of 34.33 and a beta of 0.87. Equifax has a one year low of $91.72 and a one year high of $136.97. The stock’s 50 day moving average price is $132.08 and its 200-day moving average price is $124.35.
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Equifax (NYSE:EFX) last posted its earnings results on Wednesday, July 27th. The company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.07. Equifax had a net margin of 16.11% and a return on equity of 24.51%. The company had revenue of $811.30 million for the quarter, compared to analyst estimates of $802.85 million. During the same quarter in the prior year, the business posted $1.15 EPS. The firm’s revenue was up 19.6% compared to the same quarter last year. On average, analysts expect that Equifax will post ($0.47) EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, August 19th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Wednesday, August 17th. Equifax’s dividend payout ratio is currently 34.38%.
In other news, Chairman Richard F. Smith sold 120,000 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $132.63, for a total transaction of $15,915,600.00. Following the completion of the transaction, the chairman now directly owns 264,796 shares of the company’s stock, valued at approximately $35,119,893.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider J Dann Adams sold 4,422 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $134.00, for a total transaction of $592,548.00. Following the transaction, the insider now directly owns 57,804 shares of the company’s stock, valued at $7,745,736. The disclosure for this sale can be found here. Insiders own 2.01% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC increased its position in Equifax by 14.1% in the second quarter. Checchi Capital Advisers LLC now owns 956 shares of the company’s stock valued at $123,000 after buying an additional 118 shares during the period. Daiwa SB Investments Ltd. acquired a new position in Equifax during the second quarter valued at approximately $123,000. Global X Management Co. LLC increased its position in Equifax by 56.2% in the second quarter. Global X Management Co. LLC now owns 981 shares of the company’s stock valued at $126,000 after buying an additional 353 shares during the period. Van ECK Associates Corp acquired a new position in Equifax during the second quarter valued at approximately $132,000. Finally, Financial Architects Inc increased its position in Equifax by 1,379.5% in the second quarter. Financial Architects Inc now owns 1,154 shares of the company’s stock valued at $149,000 after buying an additional 1,076 shares during the period. 88.64% of the stock is owned by hedge funds and other institutional investors.
Equifax Company Profile
Equifax Inc is a provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Personal Solutions. USIS provides consumer and commercial information solutions to businesses in the United States, including online information, decisioning technology solutions, fraud and identity management services, portfolio management services, mortgage reporting and financial marketing services.
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