Equifax, Inc. (NYSE:EFX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday.
According to Zacks, “Equifax is a leading information services provider to consumers and businesses. Estimates have been stable lately ahead of the company’s Q2 earnings release. The company has positive record of earnings surprises in recent quarters. We believe that management’s efforts, such as strategic initiatives for product innovation, expansion of data assets through acquisitions and continuous share gains in North America, should act as tailwinds. Also, the company’s strong correlation with the consumer and financial markets, and exposure in the U.S. and Europe are likely to propel growth, moving ahead. However, we expect the company’s investments in new initiatives to weigh on its upcoming quarterly earnings. Additionally, uncertainty surrounding IT spending and strengthening U.S. dollar are some concerns. The stock has underperformed the broader market in the last one year.”
A number of other analysts also recently weighed in on the company. BidaskClub downgraded Equifax from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Argus assumed coverage on Equifax in a research report on Tuesday, June 13th. They set a “buy” rating and a $166.00 target price for the company. Stephens downgraded Equifax from an “overweight” rating to an “equal weight” rating in a research report on Friday, April 28th. Royal Bank Of Canada reissued a “buy” rating and set a $144.00 price target on shares of Equifax in a report on Thursday, March 30th. Finally, Atlantic Securities started coverage on Equifax in a report on Thursday, March 23rd. They set an “overweight” rating and a $156.00 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Equifax has an average rating of “Buy” and a consensus target price of $141.50.
Equifax (NYSE:EFX) traded up 0.175% on Monday, reaching $140.015. The company’s stock had a trading volume of 186,792 shares. The company has a 50-day moving average price of $137.75 and a 200 day moving average price of $130.75. The company has a market cap of $16.83 billion, a P/E ratio of 31.464 and a beta of 0.90. Equifax has a 12 month low of $110.87 and a 12 month high of $144.01.
Equifax (NYSE:EFX) last released its earnings results on Wednesday, April 26th. The credit services provider reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.03. The firm had revenue of $832.20 million during the quarter, compared to the consensus estimate of $825.14 million. Equifax had a return on equity of 25.20% and a net margin of 16.62%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. On average, equities research analysts anticipate that Equifax will post $6.07 EPS for the current fiscal year.
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In other Equifax news, CFO John W. Gamble, Jr. sold 14,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was 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 is available through the SEC website. 1.29% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of EFX. Ipswich Investment Management Co. Inc. boosted its position in shares of Equifax by 3.2% in the first quarter. Ipswich Investment Management Co. Inc. now owns 2,069 shares of the credit services provider’s stock worth $283,000 after buying an additional 65 shares during the last quarter. Daiwa SB Investments Ltd. boosted its position in shares of Equifax by 2.6% in the first quarter. Daiwa SB Investments Ltd. now owns 5,120 shares of the credit services provider’s stock worth $700,000 after buying an additional 130 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Equifax by 47.1% in the first quarter. Bank of Montreal Can now owns 59,342 shares of the credit services provider’s stock worth $8,113,000 after buying an additional 19,007 shares during the last quarter. Legacy Private Trust Co. boosted its position in shares of Equifax by 47.5% in the first quarter. Legacy Private Trust Co. now owns 33,544 shares of the credit services provider’s stock worth $4,587,000 after buying an additional 10,804 shares during the last quarter. Finally, National Pension Service boosted its position in shares of Equifax by 4.4% in the first quarter. National Pension Service now owns 102,655 shares of the credit services provider’s stock worth $14,019,000 after buying an additional 4,307 shares during the last quarter. 89.73% of the stock is owned by institutional investors and hedge funds.
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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