Equifax, Inc. (NYSE:EFX) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Equifax’s third-quarter 2017 results were disappointing. The results bear the brunt of data breach as customers were cautious about the company’s cybersecurity practices and deferred purchases. Management hinted that this factor may have a greater negative impact on the forthcoming quarter sales. Additionally, with lawmakers and investigating agencies probing the mishap, troubles for Equifax are unlikely to end any time soon. Notably, shares have underperformed the industry on YTD basis. 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 analysts have also issued research reports about the stock. SunTrust Banks, Inc. lifted their target price on shares of Equifax from $110.00 to $155.00 in a report on Friday, September 15th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Equifax in a report on Friday, September 8th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Equifax in a report on Wednesday, August 9th. Cowen and Company reaffirmed a “buy” rating and set a $151.00 target price on shares of Equifax in a report on Friday, July 28th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $160.00 target price (up previously from $140.00) on shares of Equifax in a report on Thursday, July 27th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $128.07.
Shares of Equifax (NYSE:EFX) opened at $108.79 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.64. The firm has a market cap of $13,057.43, a P/E ratio of 18.15, a P/E/G ratio of 1.82 and a beta of 0.93. Equifax has a fifty-two week low of $89.59 and a fifty-two week high of $147.02.
Equifax (NYSE:EFX) last issued its quarterly earnings results on Thursday, November 9th. The credit services provider reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.04. The business had revenue of $834.80 million during the quarter, compared to analyst estimates of $847.28 million. Equifax had a net margin of 16.18% and a return on equity of 24.45%. Equifax’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 earnings per share. research analysts expect that Equifax will post 5.97 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in EFX. Janus Henderson Group PLC boosted its position in shares of Equifax by 11,042.5% during the second quarter. Janus Henderson Group PLC now owns 1,729,992 shares of the credit services provider’s stock worth $237,735,000 after purchasing an additional 1,714,466 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Equifax during the third quarter worth $90,020,000. BlackRock Inc. boosted its position in shares of Equifax by 7.0% during the second quarter. BlackRock Inc. now owns 9,933,776 shares of the credit services provider’s stock worth $1,365,099,000 after purchasing an additional 653,096 shares in the last quarter. Artemis Investment Management LLP lifted its position in Equifax by 478.6% in the 3rd quarter. Artemis Investment Management LLP now owns 703,006 shares of the credit services provider’s stock valued at $74,505,000 after acquiring an additional 581,509 shares in the last quarter. Finally, Meritage Group LP bought a new stake in Equifax in the 3rd quarter valued at $50,723,000. 87.25% of the stock is currently owned by 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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