Equifax’s (NYSE:EFX) “Equal Weight” Rating Reiterated at Morgan Stanley
Morgan Stanley reiterated their equal weight rating on shares of Equifax, Inc. (NYSE:EFX) in a research report released on Tuesday. Morgan Stanley currently has a $144.00 price target on the credit services provider’s stock, up from their previous price target of $142.00.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Equifax from a buy rating to a hold rating in a report on Monday. Stifel Nicolaus upped their target price on shares of Equifax from $144.00 to $149.00 and gave the stock a buy rating in a report on Wednesday, March 22nd. Argus assumed coverage on shares of Equifax in a report on Tuesday, June 13th. They issued a buy rating and a $166.00 target price for the company. Stephens downgraded shares of Equifax from an overweight rating to an equal weight rating in a report on Friday, April 28th. Finally, Royal Bank Of Canada reissued a buy rating and set a $144.00 price objective on shares of Equifax in a report on Thursday, March 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of Buy and an average price target of $142.08.
Equifax (NYSE EFX) traded up 0.61% during midday trading on Tuesday, reaching $143.86. The company had a trading volume of 103,394 shares. The firm has a 50-day moving average price of $139.12 and a 200-day moving average price of $132.98. The company has a market capitalization of $17.29 billion, a price-to-earnings ratio of 32.33 and a beta of 0.90. Equifax has a 52 week low of $110.87 and a 52 week high of $144.37.
Equifax (NYSE:EFX) last issued its earnings results on Wednesday, April 26th. The credit services provider reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.03. The company had revenue of $832.20 million during the quarter, compared to the consensus estimate of $825.14 million. Equifax had a net margin of 16.62% and a return on equity of 25.20%. Equifax’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.23 EPS. Analysts expect that Equifax will post $6.07 EPS for the current fiscal year.
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In related news, CFO John W. Gamble, Jr. sold 14,000 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $136.44, for a total value of $1,910,160.00. Following the completion of the transaction, the chief financial officer now owns 48,578 shares of the company’s stock, valued at approximately $6,627,982.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.29% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quadrature Capital Ltd increased its position in shares of Equifax by 366.1% in the fourth quarter. Quadrature Capital Ltd now owns 49,625 shares of the credit services provider’s stock worth $5,866,000 after buying an additional 38,978 shares during the last quarter. Kentucky Retirement Systems acquired a new position in shares of Equifax during the fourth quarter worth approximately $1,027,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Equifax during the fourth quarter worth approximately $458,000. Macquarie Group Ltd. increased its position in shares of Equifax by 58.2% in the fourth quarter. Macquarie Group Ltd. now owns 65,232 shares of the credit services provider’s stock worth $7,712,000 after buying an additional 24,011 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of Equifax by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 104,416 shares of the credit services provider’s stock worth $14,278,000 after buying an additional 3,020 shares during the last quarter. 89.73% of the stock is owned by hedge funds and other institutional investors.
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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