Equifax (NYSE:EFX) was upgraded by equities researchers at National Bank Financial from a “sector perform” rating to an “outperform” rating in a report issued on Friday, Stock Target Advisor reports.
Other analysts also recently issued reports about the company. Morgan Stanley raised their price target on Equifax from $129.00 to $131.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. SunTrust Banks lifted their target price on Equifax to $155.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Stephens lifted their target price on Equifax from $130.00 to $131.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Robert W. Baird lifted their target price on Equifax from $129.00 to $153.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Credit Suisse Group lifted their target price on Equifax from $150.00 to $157.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Equifax presently has a consensus rating of “Hold” and a consensus price target of $133.00.
Shares of EFX opened at $133.96 on Friday. The company has a market cap of $16.13 billion, a PE ratio of 23.14, a P/E/G ratio of 2.78 and a beta of 1.21. The business has a fifty day moving average of $139.67 and a 200 day moving average of $135.42. Equifax has a 52-week low of $88.68 and a 52-week high of $148.59. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.11.
Equifax (NYSE:EFX) last issued its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.04. The company had revenue of $875.70 million during the quarter, compared to the consensus estimate of $870.17 million. Equifax had a positive return on equity of 24.39% and a negative net margin of 11.13%. Equifax’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $1.41 earnings per share. As a group, research analysts anticipate that Equifax will post 5.58 earnings per share for the current fiscal year.
In other news, insider J Dann Adams sold 9,392 shares of Equifax stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $134.72, for a total transaction of $1,265,290.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in EFX. Invesco Ltd. increased its stake in shares of Equifax by 330.9% during the second quarter. Invesco Ltd. now owns 2,233,499 shares of the credit services provider’s stock valued at $302,059,000 after buying an additional 1,715,222 shares during the period. Egerton Capital UK LLP purchased a new position in shares of Equifax during the second quarter valued at $103,394,000. Generation Investment Management LLP grew its stake in Equifax by 26.6% in the second quarter. Generation Investment Management LLP now owns 3,240,423 shares of the credit services provider’s stock valued at $438,235,000 after purchasing an additional 680,935 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in Equifax in the second quarter valued at about $66,020,000. Finally, Nuveen Asset Management LLC purchased a new position in Equifax in the second quarter valued at about $64,296,000. Hedge funds and other institutional investors own 95.50% of the company’s stock.
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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