Equifax’s (EFX) Equal Weight Rating Reiterated at Stephens
Stephens reissued their equal weight rating on shares of Equifax, Inc. (NYSE:EFX) in a research note published on Wednesday. The brokerage currently has a $110.00 target price on the credit services provider’s stock.
A number of other analysts have also recently commented on EFX. Argus initiated coverage on Equifax in a research report on Tuesday, June 13th. They set a buy rating and a $166.00 price objective for the company. BidaskClub upgraded Equifax from a hold rating to a buy rating in a research report on Saturday, June 17th. Zacks Investment Research cut Equifax from a buy rating to a hold rating in a research report on Monday, July 17th. Morgan Stanley reiterated an equal weight rating and set a $144.00 price objective (up previously from $142.00) on shares of Equifax in a research report on Tuesday, July 18th. Finally, Deutsche Bank AG reiterated a buy rating and set a $160.00 price objective (up previously from $140.00) on shares of Equifax in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. Equifax currently has a consensus rating of Buy and a consensus target price of $130.27.
Shares of Equifax (NYSE EFX) traded down 1.44% during midday trading on Wednesday, hitting $111.34. 2,929,581 shares of the company were exchanged. The company has a 50-day moving average price of $119.71 and a 200-day moving average price of $133.98. Equifax has a 52-week low of $89.59 and a 52-week high of $147.02. The stock has a market capitalization of $13.40 billion, a price-to-earnings ratio of 23.58 and a beta of 0.87.
Equifax (NYSE:EFX) last posted its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.03. The firm had revenue of $856.70 million during the quarter, compared to analysts’ expectations of $860.48 million. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. On average, analysts forecast that Equifax will post $5.98 EPS for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Wednesday, August 23rd. Equifax’s dividend payout ratio (DPR) is 33.05%.
In other Equifax news, CFO John W. Gamble, Jr. sold 6,500 shares of Equifax stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $145.60, for a total value of $946,400.00. Following the completion of the sale, the chief financial officer now owns 42,078 shares in the company, valued at approximately $6,126,556.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rodolfo O. Ploder sold 1,719 shares of Equifax stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $145.70, for a total value of $250,458.30. Following the completion of the sale, the insider now owns 43,648 shares of the company’s stock, valued at approximately $6,359,513.60. The disclosure for this sale can be found here. Insiders sold a total of 12,219 shares of company stock valued at $1,780,938 in the last 90 days. 1.29% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pensionfund Sabic acquired a new position in shares of Equifax in the 3rd quarter valued at about $1,293,000. Pensionfund DSM Netherlands acquired a new position in shares of Equifax in the 3rd quarter valued at about $2,332,000. Burgundy Asset Management Ltd. lifted its stake in shares of Equifax by 0.7% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,683,442 shares of the credit services provider’s stock valued at $231,339,000 after purchasing an additional 11,216 shares in the last quarter. Intl Fcstone Inc. acquired a new position in shares of Equifax in the 2nd quarter valued at about $1,438,000. Finally, Sentry Investment Management LLC lifted its stake in shares of Equifax by 1.4% in the 2nd quarter. Sentry Investment Management LLC now owns 7,057 shares of the credit services provider’s stock valued at $970,000 after purchasing an additional 96 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.
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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