Equifax, Inc. (EFX) Given Consensus Recommendation of “Buy” by Brokerages
Equifax, Inc. (NYSE:EFX) has been assigned a consensus rating of “Buy” from the sixteen analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $135.42.
Several research analysts recently commented on EFX shares. Argus started coverage on Equifax in a research report on Tuesday, June 13th. They set a “buy” rating and a $166.00 price target for the company. BidaskClub raised Equifax from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research cut Equifax from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Morgan Stanley reissued an “equal weight” rating and set a $144.00 price target (up from $142.00) on shares of Equifax in a research report on Tuesday, July 18th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $160.00 price target (up from $140.00) on shares of Equifax in a research report on Thursday, July 27th.
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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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph Michael Loughran III sold 4,000 shares of the stock in a transaction that occurred on 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 owns 42,723 shares in the company, valued at approximately $6,238,412.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,219 shares of company stock worth $1,780,938. 1.29% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. ETF Managers Group LLC bought a new position in shares of Equifax during the second quarter worth approximately $137,000. YorkBridge Wealth Partners LLC increased its stake in shares of 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 purchasing an additional 37 shares during the period. Sun Life Financial INC increased 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 purchasing an additional 875 shares during the period. IFP Advisors Inc increased its stake in shares of 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 purchasing an additional 183 shares during the period. Finally, SNS Financial Group LLC bought a new position in shares of Equifax during the second quarter worth approximately $200,000. Institutional investors own 90.02% of the company’s stock.
Shares of Equifax (NYSE EFX) traded down 3.81% on Friday, hitting $92.98. The company had a trading volume of 16,707,681 shares. The firm has a 50 day moving average of $136.38 and a 200-day moving average of $137.03. Equifax has a 12-month low of $89.59 and a 12-month high of $147.02. The firm has a market capitalization of $11.19 billion, a P/E ratio of 19.69 and a beta of 0.93.
Equifax (NYSE:EFX) last issued its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 EPS for the quarter, beating the 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 firm had revenue of $856.70 million during the quarter, compared to analysts’ expectations of $860.48 million. During the same period in the prior year, the firm posted $1.43 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities analysts predict that Equifax will post $6.06 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were paid a dividend of $0.39 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.68%. Equifax’s dividend payout ratio (DPR) is currently 33.05%.
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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