Equifax Inc. (EFX) Price Target Raised to $150.00 at Barclays PLC
Equifax Inc. (NYSE:EFX) had its target price increased by equities research analysts at Barclays PLC from $140.00 to $150.00 in a note issued to investors on Wednesday. The brokerage currently has an “overweight” rating on the stock. Barclays PLC’s price target points to a potential upside of 13.77% from the stock’s current price.
Several other research analysts also recently weighed in on the company. Deutsche Bank AG upped their price target on Equifax from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Jefferies Group restated a “hold” rating and issued a $128.00 price target on shares of Equifax in a research note on Thursday, July 28th. Zacks Investment Research upgraded Equifax from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a research note on Monday, August 1st. Stifel Nicolaus upped their price target on Equifax from $131.00 to $143.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. upped their price target on Equifax from $133.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, July 29th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Equifax currently 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. Equifax has a 52 week low of $91.72 and a 52 week high of $136.97. The company has a 50-day moving average of $132.08 and a 200-day moving average of $124.35. The stock has a market capitalization of $15.73 billion, a P/E ratio of 34.33 and a beta of 0.87.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/equifax-inc-efx-price-target-raised-to-150-00-at-barclays-plc.html
Equifax (NYSE:EFX) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.07. Equifax had a return on equity of 24.51% and a net margin of 16.11%. The business earned $811.30 million during the quarter, compared to the consensus estimate of $802.85 million. During the same period in the prior year, the company posted $1.15 EPS. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. On average, analysts anticipate that Equifax will post ($0.47) EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, August 19th were paid a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $1.32 dividend on an annualized basis and a yield of 1.00%. Equifax’s payout ratio is 34.38%.
In other Equifax news, insider J Dann Adams sold 4,422 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $134.00, for a total value of $592,548.00. Following the sale, the insider now owns 57,804 shares in the company, valued at $7,745,736. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paulino R. Barros sold 5,205 shares of the stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $132.00, for a total value of $687,060.00. Following the completion of the sale, the insider now owns 10,786 shares in the company, valued at approximately $1,423,752. The disclosure for this sale can be found here. 2.01% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in EFX. Daiwa SB Investments Ltd. acquired a new stake in Equifax during the second quarter worth $123,000. Checchi Capital Advisers LLC raised its stake in Equifax by 14.1% in the second quarter. Checchi Capital Advisers LLC now owns 956 shares of the company’s stock worth $123,000 after buying an additional 118 shares during the last quarter. Global X Management Co. LLC raised its stake in Equifax by 56.2% in the second quarter. Global X Management Co. LLC now owns 981 shares of the company’s stock worth $126,000 after buying an additional 353 shares during the last quarter. Van ECK Associates Corp acquired a new stake in Equifax during the second quarter worth $132,000. Finally, Springbok Capital Management LLC acquired a new stake in Equifax during the first quarter worth $133,000. Institutional investors and hedge funds own 88.64% of the company’s stock.
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.
Receive News & Ratings for Equifax Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equifax Inc. and related companies with MarketBeat.com's FREE daily email newsletter.