Robert W. Baird Reaffirms Buy Rating for Equifax (EFX)
Equifax (NYSE:EFX)‘s stock had its “buy” rating restated by Robert W. Baird in a research note issued to investors on Tuesday. They presently have a $137.00 price objective on the credit services provider’s stock. Robert W. Baird’s target price points to a potential upside of 12.30% from the company’s previous close.
Several other equities research analysts have also recently commented on EFX. JPMorgan Chase & Co. lowered their price target on Equifax from $167.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, September 14th. Stephens reissued a “hold” rating and issued a $110.00 price target (down previously from $145.00) on shares of Equifax in a research note on Thursday, September 14th. Barclays reissued an “overweight” rating and issued a $115.00 price target (down previously from $150.00) on shares of Equifax in a research note on Thursday, September 14th. Morgan Stanley boosted their price target on Equifax from $127.00 to $140.00 and gave the company an “equal weight” rating in a research note on Thursday, September 14th. Finally, SunTrust Banks boosted their price target on Equifax from $110.00 to $155.00 in a research note on Friday, September 15th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $128.67.
Equifax (NYSE EFX) opened at $121.99 on Tuesday. The firm has a market capitalization of $14,650.00, a PE ratio of 27.60, a PEG ratio of 2.10 and a beta of 0.95. Equifax has a twelve month low of $89.59 and a twelve month high of $147.02. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.64.
Equifax (NYSE:EFX) last issued its earnings results on Thursday, November 9th. The credit services provider reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.04. The company had revenue of $834.80 million for the quarter, compared to the consensus estimate of $847.28 million. Equifax had a return on equity of 24.45% and a net margin of 16.18%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 EPS. sell-side analysts forecast that Equifax will post 5.92 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in EFX. YorkBridge Wealth Partners LLC boosted its position in Equifax by 5.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 781 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 37 shares during the period. Sun Life Financial INC boosted its position in Equifax by 9,722.2% during the second quarter. Sun Life Financial INC now owns 884 shares of the credit services provider’s stock worth $121,000 after purchasing an additional 875 shares during the period. Valeo Financial Advisors LLC bought a new stake in Equifax during the third quarter worth approximately $130,000. Meeder Asset Management Inc. bought a new stake in Equifax during the third quarter worth approximately $134,000. Finally, ETF Managers Group LLC bought a new stake in Equifax during the second quarter worth approximately $137,000. 95.20% 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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