Deutsche Bank AG Reaffirms “Buy” Rating for Equifax, Inc. (EFX)
Equifax, Inc. (NYSE:EFX)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank AG in a research note issued to investors on Thursday. They presently have a $160.00 target price on the credit services provider’s stock, up from their prior target price of $140.00. Deutsche Bank AG’s price target points to a potential upside of 12.14% from the company’s current price.
A number of other research analysts have also commented on the stock. Stephens lowered shares of Equifax from an “overweight” rating to an “equal weight” rating in a research report on Friday, April 28th. Royal Bank Of Canada restated a “buy” rating and set a $144.00 price target on shares of Equifax in a research report on Thursday, March 30th. BidaskClub upgraded shares of Equifax from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Argus began coverage on shares of Equifax in a research report on Tuesday, June 13th. They set a “buy” rating and a $166.00 price target for the company. Finally, Zacks Investment Research lowered shares of Equifax from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. Equifax has a consensus rating of “Buy” and an average price target of $144.58.
Equifax (NYSE EFX) traded down 2.41% during midday trading on Thursday, hitting $142.68. The stock had a trading volume of 1,210,522 shares. Equifax has a 1-year low of $110.87 and a 1-year high of $147.02. The stock has a market cap of $17.15 billion, a price-to-earnings ratio of 32.06 and a beta of 0.90. The company has a 50-day moving average of $140.09 and a 200-day moving average of $133.77.
Equifax (NYSE:EFX) last released its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.03. Equifax had a net margin of 16.62% and a return on equity of 25.20%. The business had revenue of $856.70 million during the quarter, compared to analyst estimates of $860.48 million. During the same period in the previous year, the business earned $1.43 EPS. Equifax’s revenue was up 5.6% compared to the same quarter last year. Equities research analysts forecast that Equifax will post $6.07 EPS for the current year.
In related news, CFO John W. Gamble, Jr. sold 14,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $136.44, for a total value of $1,910,160.00. Following the completion of the transaction, the chief financial officer now directly owns 48,578 shares in the company, valued at $6,627,982.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.29% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. YorkBridge Wealth Partners LLC raised its position in shares of Equifax by 23.8% in the first quarter. YorkBridge Wealth Partners LLC now owns 744 shares of the credit services provider’s stock valued at $102,000 after buying an additional 143 shares during the period. IFP Advisors Inc raised its position in shares of Equifax by 9.4% in the first quarter. IFP Advisors Inc now owns 745 shares of the credit services provider’s stock valued at $102,000 after buying an additional 64 shares during the period. Park Avenue Securities LLC bought a new position in shares of Equifax during the second quarter valued at about $201,000. Wilbanks Smith & Thomas Asset Management LLC bought a new position in shares of Equifax during the first quarter valued at about $202,000. Finally, Edgewood Management LLC bought a new position in shares of Equifax during the first quarter valued at about $205,000. Institutional investors own 89.78% 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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