Goldman Sachs Group, Inc. (The) Begins Coverage on Equifax, Inc. (EFX)
Goldman Sachs Group, Inc. (The) began coverage on shares of Equifax, Inc. (NYSE:EFX) in a report published on Wednesday morning, MarketBeat Ratings reports. The firm issued a neutral rating and a $116.00 target price on the credit services provider’s stock.
A number of other research firms have also recently weighed in on EFX. Cowen and Company reissued a buy rating and set a $151.00 target price on shares of Equifax in a research note on Friday, July 28th. Morgan Stanley reissued an equal weight rating and set a $144.00 target price (up previously from $142.00) on shares of Equifax in a research note on Tuesday, July 18th. Stifel Nicolaus reissued a buy rating and set a $149.00 target price on shares of Equifax in a research note on Friday, September 8th. Royal Bank of Canada downgraded Equifax from an outperform rating to a sector perform rating and lifted their target price for the company from $109.40 to $113.00 in a research note on Monday, October 23rd. Finally, Zacks Investment Research downgraded Equifax from a buy rating to a hold rating in a research note on Monday, July 17th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $130.27.
Equifax (EFX) traded down $0.21 during trading on Wednesday, hitting $108.74. The company had a trading volume of 2,160,700 shares, compared to its average volume of 1,634,028. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.74 and a quick ratio of 0.74. Equifax has a 12 month low of $89.59 and a 12 month high of $147.02. The stock has a market capitalization of $13,082.65, a PE ratio of 18.19, a PEG ratio of 1.83 and a beta of 0.93.
Equifax (NYSE:EFX) last announced its earnings results on Thursday, November 9th. The credit services provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.04. The business had revenue of $834.80 million for the quarter, compared to analysts’ expectations of $847.28 million. Equifax had a return on equity of 24.97% and a net margin of 16.18%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $1.44 earnings per share. research analysts anticipate that Equifax will post 5.97 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, November 22nd. Equifax’s dividend payout ratio is currently 35.29%.
Several hedge funds have recently modified their holdings of the business. Brighton Jones LLC lifted its holdings in shares of Equifax by 0.3% in the 2nd quarter. Brighton Jones LLC now owns 3,012 shares of the credit services provider’s stock worth $414,000 after buying an additional 8 shares during the period. Flagship Harbor Advisors LLC lifted its holdings in shares of Equifax by 0.3% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 3,042 shares of the credit services provider’s stock worth $424,000 after buying an additional 8 shares during the period. Sawtooth Solutions LLC lifted its holdings in shares of Equifax by 0.6% in the 2nd quarter. Sawtooth Solutions LLC now owns 1,779 shares of the credit services provider’s stock worth $245,000 after buying an additional 11 shares during the period. Huntington National Bank lifted its holdings in shares of Equifax by 0.4% in the 2nd quarter. Huntington National Bank now owns 4,135 shares of the credit services provider’s stock worth $568,000 after buying an additional 17 shares during the period. Finally, FineMark National Bank & Trust lifted its holdings in shares of Equifax by 0.6% in the 2nd quarter. FineMark National Bank & Trust now owns 4,337 shares of the credit services provider’s stock worth $596,000 after buying an additional 27 shares during the period. Institutional investors and hedge funds own 88.30% of the company’s stock.
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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