Equifax (EFX) Stock Rating Lowered by Barclays
Equifax (NYSE:EFX) was downgraded by Barclays from an “overweight” rating to an “equal weight” rating in a note issued to investors on Thursday, Marketbeat.com reports. They presently have a $128.00 price target on the credit services provider’s stock, up from their previous price target of $115.00. Barclays’ target price indicates a potential upside of 8.30% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the stock. J P Morgan Chase & Co reiterated a “buy” rating on shares of Equifax in a research report on Friday, September 8th. SunTrust Banks upped their price objective on shares of Equifax from $110.00 to $155.00 in a research report on Friday, September 15th. Morgan Stanley upped their price objective on shares of Equifax from $127.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 14th. Evercore ISI reiterated a “buy” rating and set a $174.00 price objective on shares of Equifax in a research report on Saturday, September 9th. Finally, Wells Fargo & Company upgraded shares of Equifax from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $135.00 to $127.00 in a research report on Friday, September 22nd. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $128.93.
Equifax (NYSE:EFX) traded up $0.79 during mid-day trading on Thursday, reaching $118.19. 1,302,516 shares of the company were exchanged, compared to its average volume of 1,586,071. The firm has a market cap of $14,100.00, a PE ratio of 19.73, a price-to-earnings-growth ratio of 1.99 and a beta of 0.94. Equifax has a twelve month low of $89.59 and a twelve month high of $147.02. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.67 and a current ratio of 0.67.
Equifax (NYSE:EFX) last released its quarterly earnings data on Thursday, November 9th. The credit services provider reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.04. The business had revenue of $834.80 million during the quarter, compared to analysts’ expectations of $847.28 million. Equifax had a net margin of 16.18% and a return on equity of 24.45%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 EPS. analysts predict that Equifax will post 5.93 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in Equifax by 7.0% in 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 acquiring an additional 653,096 shares during the period. Teachers Advisors LLC increased its position in Equifax by 18.5% in the 2nd quarter. Teachers Advisors LLC now owns 480,790 shares of the credit services provider’s stock valued at $66,070,000 after acquiring an additional 75,144 shares during the period. Swiss National Bank increased its position in Equifax by 3.2% in the 2nd quarter. Swiss National Bank now owns 437,845 shares of the credit services provider’s stock valued at $60,169,000 after acquiring an additional 13,500 shares during the period. Airain ltd increased its position in Equifax by 166.0% in the 2nd quarter. Airain ltd now owns 12,161 shares of the credit services provider’s stock valued at $1,671,000 after acquiring an additional 7,590 shares during the period. Finally, Burgundy Asset Management Ltd. increased its position in Equifax by 0.7% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,683,442 shares of the credit services provider’s stock valued at $231,339,000 after acquiring an additional 11,216 shares during the period. Hedge funds and other institutional investors own 95.45% 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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