Equifax (NYSE:EFX) Upgraded to Outperform by National Bank Financial

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Equifax (NYSE:EFX) was upgraded by research analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a report released on Friday, Stock Target Advisor reports.

EFX has been the topic of a number of other reports. ValuEngine lowered Equifax from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. SunTrust Banks lifted their price target on Equifax to $155.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Robert W. Baird lifted their price target on Equifax from $129.00 to $153.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. William Blair reissued an “outperform” rating on shares of Equifax in a research note on Friday, October 25th. Finally, Morgan Stanley lifted their price target on Equifax from $129.00 to $131.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $133.00.

NYSE:EFX traded up $0.07 during mid-day trading on Friday, reaching $133.96. 487,720 shares of the stock were exchanged, compared to its average volume of 898,216. The business has a fifty day moving average price of $139.67 and a 200 day moving average price of $135.42. The firm has a market capitalization of $16.13 billion, a PE ratio of 23.14, a PEG ratio of 2.78 and a beta of 1.21. Equifax has a 1-year low of $88.68 and a 1-year high of $148.59. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.11.

Equifax (NYSE:EFX) last released its earnings results on Wednesday, October 23rd. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.04. The firm had revenue of $875.70 million for the quarter, compared to analyst estimates of $870.17 million. Equifax had a positive return on equity of 24.39% and a negative net margin of 11.13%. Equifax’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.41 earnings per share. On average, sell-side analysts forecast that Equifax will post 5.58 earnings per share for the current year.

In related news, insider J Dann Adams sold 9,392 shares of Equifax stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $134.72, for a total value of $1,265,290.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.86% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Equifax by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 12,795,401 shares of the credit services provider’s stock valued at $1,730,450,000 after acquiring an additional 210,155 shares in the last quarter. BlackRock Inc. grew its stake in Equifax by 2.0% during the 2nd quarter. BlackRock Inc. now owns 7,634,530 shares of the credit services provider’s stock valued at $1,032,491,000 after acquiring an additional 146,497 shares in the last quarter. Generation Investment Management LLP grew its stake in Equifax by 26.6% during the 2nd quarter. Generation Investment Management LLP now owns 3,240,423 shares of the credit services provider’s stock valued at $438,235,000 after acquiring an additional 680,935 shares in the last quarter. Invesco Ltd. grew its stake in Equifax by 330.9% during the 2nd quarter. Invesco Ltd. now owns 2,233,499 shares of the credit services provider’s stock valued at $302,059,000 after acquiring an additional 1,715,222 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Equifax by 0.8% during the 2nd quarter. Northern Trust Corp now owns 1,366,374 shares of the credit services provider’s stock valued at $184,789,000 after acquiring an additional 10,845 shares in the last quarter. 95.50% of the stock is currently owned by institutional investors.

About Equifax

Equifax Inc provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions, and Global Consumer Solutions. The USIS segment offers consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage loan origination information; financial marketing; and identity management services.

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