Equifax’s (NYSE:EFX) Buy Rating Reaffirmed at Cowen and Company
Cowen and Company restated their buy rating on shares of Equifax, Inc. (NYSE:EFX) in a research report report published on Friday. Cowen and Company currently has a $151.00 price objective on the credit services provider’s stock.
EFX has been the topic of several other reports. Stephens cut shares of Equifax from an overweight rating to an equal weight rating in a report on Friday, April 28th. Deutsche Bank AG reissued a buy rating and issued a $160.00 price target (up from $140.00) on shares of Equifax in a report on Thursday, July 27th. Royal Bank Of Canada reissued a buy rating and issued a $144.00 price target on shares of Equifax in a report on Thursday, March 30th. BidaskClub raised shares of Equifax from a hold rating to a buy rating in a report on Saturday, June 17th. Finally, Argus began coverage on shares of Equifax in a report on Tuesday, June 13th. They issued a buy rating and a $166.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $144.25.
Shares of Equifax (EFX) opened at 145.44 on Friday. Equifax has a 52-week low of $110.87 and a 52-week high of $147.02. The firm has a market capitalization of $17.51 billion, a P/E ratio of 30.81 and a beta of 0.90. The company’s 50-day moving average price is $140.65 and its 200-day moving average price is $134.33.
Equifax (NYSE:EFX) last released its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.03. The firm had revenue of $856.70 million for the quarter, compared to analysts’ expectations of $860.48 million. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. On average, equities research analysts expect that Equifax will post $6.07 EPS for the current fiscal year.
In other Equifax news, CFO John W. Gamble, Jr. sold 14,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $136.44, for a total transaction of $1,910,160.00. Following the transaction, the chief financial officer now owns 48,578 shares in the company, valued at approximately $6,627,982.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.29% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc raised its stake in Equifax by 9.4% in the first quarter. IFP Advisors Inc now owns 745 shares of the credit services provider’s stock valued at $102,000 after buying an additional 64 shares in the last quarter. YorkBridge Wealth Partners LLC raised its stake in Equifax by 23.8% in the first quarter. YorkBridge Wealth Partners LLC now owns 744 shares of the credit services provider’s stock valued at $102,000 after buying an additional 143 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in Equifax during the second quarter valued at about $201,000. Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in Equifax during the first quarter valued at about $202,000. Finally, Ferguson Wellman Capital Management Inc. purchased a new stake in Equifax during the first quarter valued at about $205,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.
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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