Equifax, Inc. (EFX) Price Target Raised to $140.00
Equifax, Inc. (NYSE:EFX) had its price target hoisted by stock analysts at Morgan Stanley from $127.00 to $140.00 in a research note issued on Thursday. The firm currently has an “equal weight” rating on the credit services provider’s stock. Morgan Stanley’s price target suggests a potential upside of 50.57% from the stock’s current price.
A number of other research analysts have also weighed in on EFX. Argus initiated coverage on Equifax in a report on Tuesday, June 13th. They set a “buy” rating and a $166.00 target price on the stock. BidaskClub raised Equifax from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Zacks Investment Research lowered Equifax from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Deutsche Bank AG reissued a “buy” rating and set a $160.00 target price (up from $140.00) on shares of Equifax in a report on Thursday, July 27th. Finally, Cowen and Company reissued a “buy” rating and set a $151.00 target price on shares of Equifax in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $137.93.
Equifax (NYSE EFX) traded up 1.19% during trading on Thursday, reaching $94.09. The company had a trading volume of 8,687,287 shares. The company has a 50 day moving average price of $136.38 and a 200 day moving average price of $137.03. Equifax has a 52-week low of $89.59 and a 52-week high of $147.02. The company has a market capitalization of $11.33 billion, a PE ratio of 19.93 and a beta of 0.93.
Equifax (NYSE:EFX) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.03. The firm had revenue of $856.70 million for the quarter, compared to analyst estimates of $860.48 million. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 EPS. On average, equities analysts forecast that Equifax will post $6.03 EPS for the current fiscal year.
In other news, CFO John W. Gamble, Jr. sold 6,500 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 42,078 shares in the company, valued at approximately $6,126,556.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph Michael Loughran III sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $146.02, for a total value of $584,080.00. Following the sale, the insider now owns 42,723 shares of the company’s stock, valued at $6,238,412.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,219 shares of company stock valued at $1,780,938. Corporate insiders own 1.29% of the company’s stock.
Several large investors have recently added to or reduced their stakes in EFX. ETF Managers Group LLC bought a new stake in shares of Equifax during the 2nd quarter worth $137,000. IFP Advisors Inc lifted its position in shares of Equifax by 9.4% during the 1st quarter. IFP Advisors Inc now owns 745 shares of the credit services provider’s stock worth $102,000 after buying an additional 64 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of Equifax by 5.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 781 shares of the credit services provider’s stock worth $108,000 after buying an additional 37 shares during the last quarter. Sun Life Financial INC lifted its position in shares of Equifax by 9,722.2% during the 2nd 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. Finally, SNS Financial Group LLC bought a new stake in shares of Equifax during the 2nd quarter worth $200,000. Hedge funds and other institutional investors own 90.00% 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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