Equifax (EFX) Upgraded at Zacks Investment Research
Equifax (NYSE:EFX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “Last year's cyber attack at Equifax, under which criminals stole highly sensitive personal data of approximately 143 million of its consumers, has heavily tarnished the brand image, reputation and credibility of the company. The company is facing huge customer criticism, while cybersecurity companies are questioning its preparedness and response to this massive data breach. Moreover, with lawmakers and investigating agencies probing the mishap, troubles for Equifax are unlikely to end any time soon. Notably, shares have underperformed the industry in the last one year. Nonetheless, we believe that management’s efforts, such as strategic initiatives for product innovation and expansion of data assets through acquisitions should act as tailwinds. Also, the company’s strong correlation with the consumer and financial markets, and exposure in the U.S. and Europe are likely to propel growth.”
Other equities research analysts have also recently issued research reports about the company. Robert W. Baird reaffirmed a “buy” rating and set a $137.00 target price on shares of Equifax in a research note on Tuesday, January 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $149.00 target price on shares of Equifax in a research note on Tuesday, September 26th. SunTrust Banks reaffirmed a “buy” rating and set a $110.00 target price on shares of Equifax in a research note on Tuesday, September 26th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Equifax in a research note on Tuesday, October 3rd. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $110.00 target price on shares of Equifax in a research note on Tuesday, September 26th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $128.67.
Equifax (NYSE:EFX) last issued 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. Equifax had a return on equity of 24.45% and a net margin of 16.18%. The company had revenue of $834.80 million during the quarter, compared to the consensus estimate of $847.28 million. During the same period last year, the company earned $1.44 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. research analysts predict that Equifax will post 5.92 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the business. YorkBridge Wealth Partners LLC grew its stake in Equifax by 5.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 781 shares of the credit services provider’s stock valued at $108,000 after acquiring an additional 37 shares during the period. Sun Life Financial INC raised its stake in shares of Equifax by 9,722.2% in the second quarter. Sun Life Financial INC now owns 884 shares of the credit services provider’s stock valued at $121,000 after buying an additional 875 shares during the period. Valeo Financial Advisors LLC bought a new stake in shares of Equifax in the third quarter valued at $130,000. Meeder Asset Management Inc. bought a new stake in shares of Equifax in the third quarter valued at $134,000. Finally, ETF Managers Group LLC bought a new stake in shares of Equifax in the second quarter valued at $137,000. 95.12% of the stock is owned by hedge funds and other institutional investors.
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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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