Equifax, Inc. (EFX) Receives Average Recommendation of “Buy” from Brokerages
Equifax, Inc. (NYSE:EFX) has received an average recommendation of “Buy” from the seventeen ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $127.15.
Several equities research analysts recently issued reports on EFX shares. SunTrust Banks, Inc. raised their target price on shares of Equifax from $110.00 to $155.00 in a report on Friday, September 15th. BidaskClub upgraded shares of Equifax from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Argus began coverage on shares of Equifax in a report on Tuesday, June 13th. They issued a “buy” rating and a $166.00 target price on the stock. J P Morgan Chase & Co reiterated a “buy” rating on shares of Equifax in a research note on Friday, September 8th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Equifax in a research note on Wednesday, August 9th.
In related news, CFO John W. Gamble, Jr. sold 6,500 shares of Equifax stock in a transaction on Tuesday, August 1st. The shares were 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 approximately $6,126,556.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph Michael Loughran III sold 4,000 shares of Equifax stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $146.02, for a total transaction 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 90 days, insiders have sold 12,219 shares of company stock worth $1,780,938. 1.29% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Equifax by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 11,801,839 shares of the credit services provider’s stock valued at $1,621,809,000 after buying an additional 368,255 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Equifax by 7.0% during the 2nd quarter. BlackRock Inc. now owns 9,933,776 shares of the credit services provider’s stock valued at $1,365,099,000 after buying an additional 653,096 shares in the last quarter. FMR LLC lifted its stake in shares of Equifax by 5.8% during the 2nd quarter. FMR LLC now owns 6,046,517 shares of the credit services provider’s stock valued at $830,912,000 after buying an additional 329,481 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Equifax by 3.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,997,177 shares of the credit services provider’s stock valued at $820,055,000 after buying an additional 212,392 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Equifax by 11,042.5% during the 2nd quarter. Janus Henderson Group PLC now owns 1,729,992 shares of the credit services provider’s stock valued at $237,735,000 after buying an additional 1,714,466 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.
Equifax (NYSE EFX) traded down 2.49% during trading on Wednesday, reaching $110.71. The company had a trading volume of 1,717,725 shares. The firm has a market capitalization of $13.33 billion, a PE ratio of 24.88 and a beta of 0.87. Equifax has a 12-month low of $89.59 and a 12-month high of $147.02. The firm’s 50 day moving average price is $118.17 and its 200 day moving average price is $133.62.
Equifax (NYSE:EFX) last issued its earnings results 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 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 analysts’ expectations of $860.48 million. During the same quarter last year, the company posted $1.43 earnings per share. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Equities research analysts forecast that Equifax will post $5.98 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Wednesday, August 23rd. Equifax’s dividend payout ratio (DPR) is 33.05%.
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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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