Equifax, Inc. (EFX) Lifted to Outperform at Wells Fargo & Company
Equifax, Inc. (NYSE:EFX) was upgraded by equities researchers at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a report released on Friday, Marketbeat.com reports.
Other research analysts have also recently issued reports about the stock. J P Morgan Chase & Co reiterated a “buy” rating on shares of Equifax in a report on Friday, September 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $144.00 price objective (up from $142.00) on shares of Equifax in a report on Tuesday, July 18th. Zacks Investment Research cut shares of Equifax from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Cowen and Company reiterated a “buy” rating and issued a $151.00 price objective on shares of Equifax in a report on Friday, July 28th. Finally, Argus began coverage on shares of Equifax in a report on Tuesday, June 13th. They issued a “buy” rating and a $166.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $133.73.
Shares of Equifax (NYSE EFX) traded up 6.91% during midday trading on Friday, hitting $105.04. The stock had a trading volume of 12,473,475 shares. The firm has a 50 day moving average of $133.48 and a 200-day moving average of $136.54. The company has a market cap of $12.64 billion, a P/E ratio of 22.25 and a beta of 0.93. Equifax has a one year low of $89.59 and a one year high of $147.02.
Equifax (NYSE:EFX) last posted its quarterly earnings data 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. The business had revenue of $856.70 million during the quarter, compared to analysts’ expectations of $860.48 million. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $1.43 earnings per share. On average, analysts forecast that Equifax will post $6.00 earnings per share for the current fiscal year.
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In related news, insider Rodolfo O. Ploder sold 1,719 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $145.70, for a total transaction of $250,458.30. Following the completion of the sale, the insider now directly owns 43,648 shares in the company, valued at $6,359,513.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph Michael Loughran III sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $146.02, for a total transaction 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. Insiders have sold 12,219 shares of company stock valued at $1,780,938 over the last 90 days. 1.29% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in Equifax by 0.3% in the 2nd quarter. Brighton Jones LLC now owns 3,012 shares of the credit services provider’s stock worth $414,000 after purchasing an additional 8 shares during the period. Flagship Harbor Advisors LLC boosted its stake in Equifax by 0.3% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 3,042 shares of the credit services provider’s stock worth $424,000 after purchasing an additional 8 shares during the period. Signaturefd LLC boosted its stake in Equifax by 0.3% in the 1st quarter. Signaturefd LLC now owns 3,751 shares of the credit services provider’s stock worth $513,000 after purchasing an additional 11 shares during the period. Sawtooth Solutions LLC boosted its stake in Equifax by 0.6% in the 2nd quarter. Sawtooth Solutions LLC now owns 1,779 shares of the credit services provider’s stock worth $245,000 after purchasing an additional 11 shares during the period. Finally, Cleararc Capital Inc. boosted its stake in Equifax by 0.5% in the 1st quarter. Cleararc Capital Inc. now owns 2,948 shares of the credit services provider’s stock worth $403,000 after purchasing an additional 16 shares during the period. 90.00% of the stock is owned by hedge funds and other institutional investors.
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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