Equifax, Inc. (EFX) PT Lowered to $140.00
Equifax, Inc. (NYSE:EFX) had its price objective cut by analysts at Morgan Stanley from $144.00 to $140.00 in a report issued on Friday. The brokerage currently has an “equal weight” rating on the credit services provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 13.61% from the stock’s current price.
A number of other analysts have also recently weighed in on EFX. J P Morgan Chase & Co reissued a “buy” rating on shares of Equifax in a research note on Friday. Royal Bank Of Canada restated a “buy” rating on shares of Equifax in a research report on Wednesday, August 9th. BidaskClub lowered shares of Equifax from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Cowen and Company restated a “buy” rating and issued a $151.00 price target on shares of Equifax in a research report on Friday, July 28th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $160.00 price target (up from $140.00) on shares of Equifax in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. Equifax currently has an average rating of “Buy” and an average price target of $145.09.
Shares of Equifax (NYSE EFX) traded down 13.66% during trading on Friday, reaching $123.23. 16,840,214 shares of the company’s stock were exchanged. The company has a market capitalization of $14.83 billion, a PE ratio of 26.10 and a beta of 0.93. The company has a 50 day moving average price of $142.78 and a 200-day moving average price of $138.06. Equifax has a 52-week low of $110.87 and a 52-week high of $147.02.
Equifax (NYSE:EFX) last posted its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.03. The business had revenue of $856.70 million for the quarter, compared to analysts’ expectations of $860.48 million. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 earnings per share. On average, equities analysts forecast that Equifax will post $6.08 earnings per share for the current year.
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In other news, insider Rodolfo O. Ploder sold 1,719 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $145.70, for a total transaction of $250,458.30. Following the transaction, the insider now directly owns 43,648 shares in the company, valued at $6,359,513.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John W. Gamble, Jr. sold 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $145.60, for a total transaction of $946,400.00. Following the transaction, the chief financial officer now owns 42,078 shares in the company, valued at $6,126,556.80. The disclosure for this sale can be found here. Insiders have sold 12,219 shares of company stock worth $1,780,938 over the last quarter. 1.29% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in EFX. IFP Advisors Inc lifted its position in shares of Equifax by 9.4% during the first quarter. IFP Advisors Inc now owns 745 shares of the credit services provider’s stock worth $102,000 after purchasing an additional 64 shares in the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of Equifax by 23.8% during the first quarter. YorkBridge Wealth Partners LLC now owns 744 shares of the credit services provider’s stock worth $102,000 after buying an additional 143 shares during the last quarter. Sun Life Financial INC raised its stake in shares of Equifax by 9,722.2% during the second quarter. Sun Life Financial INC now owns 884 shares of the credit services provider’s stock worth $121,000 after buying an additional 875 shares during the last quarter. ETF Managers Group LLC bought a new stake in shares of Equifax during the second quarter worth approximately $137,000. Finally, SNS Financial Group LLC bought a new stake in shares of Equifax during the second quarter worth approximately $200,000. Institutional investors own 90.01% of the company’s stock.
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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