Equifax, Inc. (EFX) Receives Buy Rating from Deutsche Bank AG
Deutsche Bank AG reaffirmed their buy rating on shares of Equifax, Inc. (NYSE:EFX) in a report published on Tuesday morning. The brokerage currently has a $115.00 price objective on the credit services provider’s stock.
Other analysts have also recently issued research reports about the company. SunTrust Banks, Inc. boosted their target price on Equifax from $110.00 to $155.00 in a report on Friday, September 15th. BidaskClub upgraded Equifax from a hold rating to a buy rating in a report on Saturday, June 17th. Argus initiated coverage on Equifax in a research report on Tuesday, June 13th. They set a buy rating and a $166.00 price target on the stock. J P Morgan Chase & Co reissued a buy rating on shares of Equifax in a research report on Friday, September 8th. Finally, Royal Bank Of Canada reissued a buy rating on shares of Equifax in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $133.73.
Shares of Equifax (NYSE EFX) opened at 94.87 on Tuesday. The firm has a market cap of $11.42 billion, a PE ratio of 20.10 and a beta of 0.93. Equifax has a 12 month low of $89.59 and a 12 month high of $147.02. The stock’s 50 day moving average is $133.48 and its 200 day moving average is $136.54.
Equifax (NYSE:EFX) last issued its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.03. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The business had revenue of $856.70 million during the quarter, compared to analysts’ expectations of $860.48 million. During the same quarter in the previous year, the business earned $1.43 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts anticipate that Equifax will post $6.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Wednesday, August 23rd. Equifax’s payout ratio is 33.05%.
In other Equifax news, insider Rodolfo O. Ploder sold 1,719 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $145.70, for a total value of $250,458.30. Following the transaction, the insider now directly owns 43,648 shares of the company’s stock, valued at approximately $6,359,513.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO John W. Gamble, Jr. sold 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $145.60, for a total value of $946,400.00. Following the completion of the transaction, the chief financial officer now directly owns 42,078 shares in the company, valued at $6,126,556.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,219 shares of company stock worth $1,780,938. 1.29% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Equifax by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 11,801,839 shares of the credit services provider’s stock valued at $1,621,809,000 after purchasing an additional 368,255 shares in the last quarter. BlackRock Inc. raised its position in shares of Equifax by 7.0% in the 2nd quarter. BlackRock Inc. now owns 9,933,776 shares of the credit services provider’s stock valued at $1,365,099,000 after purchasing an additional 653,096 shares in the last quarter. FMR LLC raised its position in shares of Equifax by 5.8% in the 2nd quarter. FMR LLC now owns 6,046,517 shares of the credit services provider’s stock valued at $830,912,000 after purchasing an additional 329,481 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Equifax by 3.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,997,177 shares of the credit services provider’s stock valued at $820,055,000 after purchasing an additional 212,392 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Equifax by 2.6% in the 1st quarter. Wellington Management Group LLP now owns 5,351,242 shares of the credit services provider’s stock valued at $731,730,000 after purchasing an additional 134,056 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors.
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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