Equifax (EFX) Earns Underperform Rating from Analysts at Bank of America

Analysts at Bank of America started coverage on shares of Equifax (NYSE:EFX) in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage set an “underperform” rating on the credit services provider’s stock.

A number of other analysts have also recently weighed in on the company. Morgan Stanley reaffirmed a “hold” rating and issued a $127.00 price target on shares of Equifax in a research report on Thursday, September 13th. ValuEngine raised Equifax from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Wells Fargo & Co boosted their price target on Equifax from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. Zacks Investment Research raised Equifax from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. Finally, JPMorgan Chase & Co. boosted their price target on Equifax from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $129.30.

EFX opened at $122.95 on Tuesday. The firm has a market cap of $14.88 billion, a P/E ratio of 20.59, a PEG ratio of 2.82 and a beta of 0.88. Equifax has a 1 year low of $105.31 and a 1 year high of $138.69. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.80.

Equifax (NYSE:EFX) last released its quarterly earnings data on Wednesday, July 25th. The credit services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.02. The firm had revenue of $876.90 million during the quarter, compared to analysts’ expectations of $886.00 million. Equifax had a return on equity of 22.03% and a net margin of 14.76%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.60 earnings per share. As a group, analysts predict that Equifax will post 5.84 earnings per share for the current year.

Several large investors have recently made changes to their positions in EFX. Qube Research & Technologies Ltd increased its stake in shares of Equifax by 1,375.6% in the second quarter. Qube Research & Technologies Ltd now owns 1,151 shares of the credit services provider’s stock worth $144,000 after purchasing an additional 1,073 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of Equifax in the second quarter worth about $158,000. Piedmont Investment Advisors LLC bought a new position in shares of Equifax in the second quarter worth about $175,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of Equifax in the second quarter worth about $200,000. Finally, FineMark National Bank & Trust bought a new position in shares of Equifax in the second quarter worth about $200,000. 92.05% of the stock is owned by institutional investors.

Equifax Company Profile

Equifax Inc provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions, and Global Consumer Solutions. The USIS segment offers consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage loan origination information; financial marketing; and identity management services.

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