Equifax, Inc. (NYSE:EFX) Rating Reiterated by Morgan Stanley
Equifax, Inc. (NYSE:EFX)‘s stock had its “equal weight” rating reiterated by stock analysts at Morgan Stanley in a research report issued to clients and investors on Tuesday. They currently have a $144.00 price objective on the credit services provider’s stock, up from their prior price objective of $142.00. Morgan Stanley’s target price would indicate a potential upside of 2.81% from the stock’s previous close.
A number of other research firms have also issued reports on EFX. Zacks Investment Research lowered Equifax from a “buy” rating to a “hold” rating in a report on Monday. Stifel Nicolaus raised their target price on Equifax from $144.00 to $149.00 and gave the company a “buy” rating in a report on Wednesday, March 22nd. Argus assumed coverage on Equifax in a report on Tuesday, June 13th. They issued a “buy” rating and a $166.00 target price on the stock. Stephens lowered Equifax from an “overweight” rating to an “equal weight” rating in a report on Friday, April 28th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $144.00 target price on shares of Equifax in a report on Thursday, March 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. Equifax currently has an average rating of “Buy” and a consensus price target of $142.08.
Shares of Equifax (NYSE EFX) traded up 0.85% during trading on Tuesday, hitting $141.25. The company’s stock had a trading volume of 238,072 shares. Equifax has a 1-year low of $110.87 and a 1-year high of $144.01. The company has a market capitalization of $16.98 billion, a P/E ratio of 31.74 and a beta of 0.90. The firm’s 50 day moving average is $137.74 and its 200-day moving average is $130.75.
Equifax (NYSE:EFX) last issued its quarterly earnings data on Wednesday, April 26th. The credit services provider reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.03. The business had revenue of $832.20 million for the quarter, compared to analyst estimates of $825.14 million. Equifax had a return on equity of 25.20% and a net margin of 16.62%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 EPS. Analysts forecast that Equifax will post $6.07 EPS for the current fiscal year.
In other Equifax news, CFO John W. Gamble, Jr. sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $136.44, for a total value of $1,910,160.00. Following the completion of the sale, the chief financial officer now owns 48,578 shares in the company, valued at approximately $6,627,982.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.29% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in EFX. Aviva PLC increased its stake in shares of Equifax by 17.9% in the second quarter. Aviva PLC now owns 70,390 shares of the credit services provider’s stock worth $9,037,000 after buying an additional 10,687 shares in the last quarter. Sprott Inc. increased its position in Equifax by 268.2% in the third quarter. Sprott Inc. now owns 8,100 shares of the credit services provider’s stock valued at $1,090,000 after buying an additional 5,900 shares during the period. Wells Fargo & Company MN increased its position in Equifax by 3.6% in the fourth quarter. Wells Fargo & Company MN now owns 498,377 shares of the credit services provider’s stock valued at $55,503,000 after buying an additional 17,263 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft bought a new position in Equifax during the third quarter valued at approximately $5,654,000. Finally, A.R.T. Advisors LLC bought a new position in Equifax during the fourth quarter valued at approximately $2,423,000. Institutional investors own 89.73% of the company’s stock.
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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