Equifax, Inc. (EFX) Downgraded by Argus
Equifax, Inc. (NYSE:EFX) was downgraded by analysts at Argus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, Marketbeat reports.
Other analysts also recently issued reports about the stock. SunTrust Banks, Inc. increased their price objective on shares of Equifax from $110.00 to $155.00 in a research report on Friday. J P Morgan Chase & Co cut their price objective on shares of Equifax from $167.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday. Morgan Stanley reissued an “equal weight” rating and set a $144.00 price objective (up from $142.00) on shares of Equifax in a research report on Tuesday, July 18th. Zacks Investment Research downgraded shares of Equifax from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Cowen and Company reissued a “buy” rating and set a $151.00 price objective on shares of Equifax in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $142.20.
Shares of Equifax (NYSE:EFX) traded down 3.81% on Friday, hitting $92.98. 16,707,681 shares of the stock were exchanged. Equifax has a 12 month low of $89.59 and a 12 month high of $147.02. The company has a market cap of $11.19 billion, a PE ratio of 19.69 and a beta of 0.93. The company has a 50-day moving average price of $136.38 and a 200 day moving average price of $137.03.
Equifax (NYSE:EFX) last announced its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 EPS for the quarter, beating the Thomson Reuters’ 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 period in the prior year, the firm posted $1.43 EPS. Equifax’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts forecast that Equifax will post $6.06 EPS for the current fiscal year.
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In other news, CFO John W. Gamble, Jr. sold 6,500 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $145.60, for a total value of $946,400.00. Following the transaction, the chief financial officer now owns 42,078 shares in the company, valued at approximately $6,126,556.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rodolfo O. Ploder sold 1,719 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $145.70, for a total transaction of $250,458.30. Following the completion of the transaction, the insider now owns 43,648 shares in the company, valued at approximately $6,359,513.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,219 shares of company stock worth $1,780,938. Insiders own 1.29% of the company’s stock.
Several large investors have recently modified their holdings of EFX. BlackRock Inc. lifted its stake in shares of Equifax by 1,540.8% in the 1st quarter. BlackRock Inc. now owns 9,280,680 shares of the credit services provider’s stock worth $1,269,041,000 after purchasing an additional 8,715,062 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Equifax by 11,042.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,729,992 shares of the credit services provider’s stock worth $237,735,000 after purchasing an additional 1,714,466 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Equifax by 99.4% in the 1st quarter. William Blair Investment Management LLC now owns 1,305,063 shares of the credit services provider’s stock worth $178,454,000 after purchasing an additional 650,550 shares during the period. Vanguard Group Inc. lifted its stake in shares of Equifax by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 11,433,584 shares of the credit services provider’s stock worth $1,563,429,000 after purchasing an additional 373,774 shares during the period. Finally, FMR LLC lifted its stake in shares of Equifax by 5.8% in the 2nd quarter. FMR LLC now owns 6,046,517 shares of the credit services provider’s stock worth $830,912,000 after purchasing an additional 329,481 shares during the period. Hedge funds and other institutional investors own 90.02% 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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