Equifax (EFX) Receives “Hold” Rating from Morgan Stanley
Equifax (NYSE:EFX)‘s stock had its “hold” rating reiterated by investment analysts at Morgan Stanley in a research report issued on Thursday. They presently have a $127.00 target price on the credit services provider’s stock. Morgan Stanley’s target price points to a potential downside of 6.55% from the company’s previous close.
Other equities research analysts have also issued reports about the stock. ValuEngine upgraded shares of Equifax from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Equifax from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Equifax from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Equifax presently has a consensus rating of “Hold” and an average target price of $124.31.
EFX opened at $135.90 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.80. Equifax has a 12 month low of $89.59 and a 12 month high of $137.00. The firm has a market capitalization of $16.33 billion, a P/E ratio of 22.76, a P/E/G ratio of 3.09 and a beta of 0.86.
Institutional investors have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd increased its stake in shares of Equifax by 1,375.6% during the 2nd 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 last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Equifax during the 2nd quarter worth about $158,000. Piedmont Investment Advisors LLC acquired a new position in shares of Equifax during the 2nd quarter worth about $175,000. Point72 Asia Hong Kong Ltd increased its stake in shares of Equifax by 1,186.4% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,518 shares of the credit services provider’s stock worth $179,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Equifax during the 2nd quarter worth about $200,000. Institutional investors own 92.58% of the company’s stock.
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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