Equifax, Inc. (EFX) Stock Rating Reaffirmed by Stifel Nicolaus
Equifax, Inc. (NYSE:EFX)‘s stock had its “buy” rating reaffirmed by equities research analysts at Stifel Nicolaus in a research report issued on Friday. They presently have a $149.00 price objective on the credit services provider’s stock. Stifel Nicolaus’ price target suggests a potential upside of 20.91% from the company’s current price.
EFX has been the topic of several other research reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $160.00 price target (up previously from $140.00) on shares of Equifax in a report on Thursday, July 27th. BidaskClub downgraded shares of Equifax from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Equifax in a report on Wednesday, August 9th. Argus started coverage on shares of Equifax in a report on Tuesday, June 13th. They issued a “buy” rating and a $166.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Equifax from a “buy” rating to a “hold” rating in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $147.50.
Equifax (NYSE:EFX) traded down 13.66% on Friday, reaching $123.23. 16,854,687 shares of the company’s stock were exchanged. Equifax has a 12-month low of $110.87 and a 12-month high of $147.02. The firm has a 50 day moving average of $142.22 and a 200-day moving average of $137.96. The company has a market cap of $14.83 billion, a P/E ratio of 26.10 and a beta of 0.93.
Equifax (NYSE:EFX) last announced its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.03. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The company had revenue of $856.70 million for the quarter, compared to the consensus estimate of $860.48 million. During the same quarter in the prior year, the firm earned $1.43 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities analysts expect that Equifax will post $6.08 EPS for the current fiscal year.
In related news, CFO John W. Gamble, Jr. sold 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were 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 of the company’s stock, valued at $6,126,556.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph Michael Loughran III sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $146.02, for a total transaction of $584,080.00. Following the transaction, the insider now directly owns 42,723 shares in the company, valued at approximately $6,238,412.46. The disclosure for this sale can be found here. Insiders have sold 12,219 shares of company stock worth $1,780,938 in the last three months. Insiders own 1.29% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Intl Fcstone Inc. acquired a new position in Equifax during the second quarter worth approximately $1,438,000. Sentry Investment Management LLC increased its position in Equifax by 1.4% during the second quarter. Sentry Investment Management LLC now owns 7,057 shares of the credit services provider’s stock worth $970,000 after purchasing an additional 96 shares during the last quarter. Toronto Dominion Bank increased its position in Equifax by 25.9% during the second quarter. Toronto Dominion Bank now owns 40,718 shares of the credit services provider’s stock worth $5,594,000 after purchasing an additional 8,364 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Equifax during the second quarter worth approximately $1,055,000. Finally, Public Employees Retirement System of Ohio increased its position in Equifax by 2.0% during the second quarter. Public Employees Retirement System of Ohio now owns 51,898 shares of the credit services provider’s stock worth $7,132,000 after purchasing an additional 1,026 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors and hedge funds.
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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