Equifax, Inc. (EFX) PT Raised to $155.00 at SunTrust Banks, Inc.
Equifax, Inc. (NYSE:EFX) had its target price hoisted by investment analysts at SunTrust Banks, Inc. from $110.00 to $155.00 in a research report issued to clients and investors on Friday, The Fly reports. SunTrust Banks, Inc.’s price objective would suggest a potential upside of 66.70% from the stock’s current price.
Several other equities analysts have also weighed in on the company. Morgan Stanley raised their target price on Equifax to $127.00 and gave the company an “equal weight” rating in a report on Thursday. BidaskClub upgraded 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. 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. Finally, Deutsche Bank AG restated 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. One 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’s stock. The company has a consensus rating of “Buy” and a consensus target price of $142.20.
Equifax (EFX) traded down 3.81% during trading on Friday, reaching $92.98. The company had a trading volume of 16,707,681 shares. The company has a 50-day moving average price of $136.38 and a 200 day moving average price of $137.03. The stock has a market cap of $11.19 billion, a PE ratio of 19.69 and a beta of 0.93. Equifax has a 52-week low of $89.59 and a 52-week high of $147.02.
Equifax (NYSE:EFX) last announced its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.03. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The business had revenue of $856.70 million during the quarter, compared to analyst estimates of $860.48 million. During the same period last year, the company earned $1.43 earnings per share. Equifax’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, analysts anticipate that Equifax will post $6.06 earnings per share for the current year.
In other news, insider Joseph Michael Loughran III sold 4,000 shares of Equifax stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $146.02, for a total value of $584,080.00. Following the transaction, the insider now directly owns 42,723 shares in the company, valued at $6,238,412.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rodolfo O. Ploder sold 1,719 shares of Equifax stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $145.70, for a total value of $250,458.30. Following the completion of the transaction, the insider now owns 43,648 shares in the company, valued at $6,359,513.60. The disclosure for this sale can be found here. Insiders sold 12,219 shares of company stock worth $1,780,938 over the last quarter. 1.29% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC grew its position in Equifax by 5.0% during the second 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 in the last quarter. Sun Life Financial INC grew its position in 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 in the last quarter. IFP Advisors Inc grew its position in Equifax by 24.6% during the second quarter. IFP Advisors Inc now owns 928 shares of the credit services provider’s stock worth $128,000 after buying an additional 183 shares in the last quarter. ETF Managers Group LLC acquired a new stake in Equifax during the second quarter worth about $137,000. Finally, SNS Financial Group LLC acquired a new stake in Equifax during the second quarter worth about $200,000. Institutional investors and hedge funds own 90.02% 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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