Equifax, Inc. (NYSE:EFX)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank AG in a research note issued to investors on Tuesday. They currently have a $115.00 price target on the credit services provider’s stock. Deutsche Bank AG’s price target would indicate a potential upside of 19.79% from the stock’s previous close.
Several other research firms have also recently commented on EFX. J P Morgan Chase & Co reissued a “buy” rating on shares of Equifax in a report on Friday, September 8th. SunTrust Banks, Inc. raised their price target on Equifax from $110.00 to $155.00 in a report on Friday, September 15th. Morgan Stanley raised their price target on Equifax from $127.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday, September 14th. Evercore ISI reissued a “buy” rating and issued a $174.00 price target on shares of Equifax in a report on Saturday, September 9th. Finally, Argus cut Equifax from a “buy” rating to a “hold” rating in a report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $133.73.
Shares of Equifax (NYSE:EFX) opened at 96.00 on Tuesday. The stock has a 50 day moving average price of $133.48 and a 200-day moving average price of $136.54. Equifax has a 52-week low of $89.59 and a 52-week high of $147.02. The stock has a market capitalization of $11.56 billion, a PE ratio of 20.33 and a beta of 0.93.
Equifax (NYSE:EFX) last posted its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.03. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The company had revenue of $856.70 million during the quarter, compared to analysts’ expectations of $860.48 million. During the same period last year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities research analysts anticipate that Equifax will post $6.00 EPS for the current fiscal year.
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In related news, insider Joseph Michael Loughran III sold 4,000 shares of Equifax stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $146.02, for a total transaction of $584,080.00. Following the completion of the transaction, the insider now directly owns 42,723 shares of the company’s stock, valued at $6,238,412.46. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO John W. Gamble, Jr. sold 6,500 shares of Equifax stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $145.60, for a total value of $946,400.00. Following the transaction, the chief financial officer now directly owns 42,078 shares of the company’s stock, valued at $6,126,556.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,219 shares of company stock valued at $1,780,938. 1.29% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the stock. Burgundy Asset Management Ltd. raised its holdings in Equifax by 0.7% during the second quarter. Burgundy Asset Management Ltd. now owns 1,683,442 shares of the credit services provider’s stock worth $231,339,000 after purchasing an additional 11,216 shares during the last quarter. Intl Fcstone Inc. acquired a new position in Equifax during the second quarter worth $1,438,000. Sentry Investment Management LLC raised its holdings in Equifax by 1.4% during the second quarter. Sentry Investment Management LLC now owns 7,057 shares of the credit services provider’s stock worth $970,000 after purchasing an additional 96 shares during the last quarter. Toronto Dominion Bank raised its holdings in Equifax by 25.9% during the second quarter. Toronto Dominion Bank now owns 40,718 shares of the credit services provider’s stock worth $5,594,000 after purchasing an additional 8,364 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Equifax during the second quarter worth $1,055,000. 90.00% of the stock is owned by hedge funds and other institutional investors.
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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