Equifax Inc. (NYSE:EFX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm presently has a $134.00 target price on the stock. Zacks Investment Research’s price target would suggest a potential upside of 12.43% from the company’s current price.
According to Zacks, “Equifax is a leading provider of information services to individuals and businesses. Of late most of the estimates for Equifax have gone up on the back of an encouraging full-year earnings guidance, indicating that its growth initiatives are aimed in the right direction. Management’s efforts, such as strategic initiatives for product innovation, expansion of data assets through acquisitions and continuous share gains in North America, should prove to be tailwinds. Also, the company’s strong correlation with the consumer and financial markets as well as exposure in the U.S. and Europe are likely to propel growth, going ahead. However, stiff competition from peers and uncertainty in the mortgage sector pose concerns.”
Other equities analysts have also recently issued reports about the company. Stifel Nicolaus raised their price objective on Equifax from $131.00 to $143.00 and gave the company a “buy” rating in a report on Friday, July 29th. Jefferies Group raised their price objective on Equifax from $128.00 to $131.00 and gave the company a “hold” rating in a report on Thursday, August 4th. JPMorgan Chase & Co. raised their price objective on Equifax from $133.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, July 29th. Deutsche Bank AG raised their price objective on Equifax from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, July 29th. Finally, RBC Capital Markets reissued a “buy” rating on shares of Equifax in a report on Monday, November 14th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Equifax presently has an average rating of “Buy” and an average price target of $140.40.
Shares of Equifax (NYSE:EFX) opened at 119.19 on Friday. The company has a market capitalization of $14.27 billion, a PE ratio of 30.17 and a beta of 0.85. The company has a 50-day moving average price of $124.39 and a 200 day moving average price of $128.42. Equifax has a one year low of $91.72 and a one year high of $136.97.
Equifax (NYSE:EFX) last released its quarterly earnings results on Wednesday, October 26th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.08. Equifax had a return on equity of 24.73% and a net margin of 15.87%. The firm had revenue of $804.10 million for the quarter, compared to analysts’ expectations of $208.05 million. During the same quarter last year, the firm posted $1.14 EPS. The company’s revenue was up 20.5% compared to the same quarter last year. Equities analysts anticipate that Equifax will post $5.47 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 23rd will be given a $0.33 dividend. The ex-dividend date is Monday, November 21st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.11%. Equifax’s dividend payout ratio is currently 33.42%.
In related news, insider Paulino R. Barros sold 5,205 shares of Equifax stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $132.00, for a total transaction of $687,060.00. Following the sale, the insider now directly owns 10,786 shares in the company, valued at $1,423,752. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider J Dann Adams sold 434 shares of Equifax stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $125.00, for a total value of $54,250.00. Following the sale, the insider now owns 57,370 shares in the company, valued at $7,171,250. The disclosure for this sale can be found here. 2.01% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in EFX. Daiwa SB Investments Ltd. purchased a new stake in Equifax during the second quarter valued at $123,000. Checchi Capital Advisers LLC raised its stake in Equifax by 14.1% in the second quarter. Checchi Capital Advisers LLC now owns 956 shares of the company’s stock valued at $123,000 after buying an additional 118 shares in the last quarter. Global X Management Co. LLC raised its stake in Equifax by 56.2% in the second quarter. Global X Management Co. LLC now owns 981 shares of the company’s stock valued at $126,000 after buying an additional 353 shares in the last quarter. Trust Co. of Vermont raised its stake in Equifax by 370.0% in the third quarter. Trust Co. of Vermont now owns 940 shares of the company’s stock valued at $127,000 after buying an additional 740 shares in the last quarter. Finally, TLP Group LLC purchased a new stake in Equifax during the third quarter valued at $128,000. Institutional investors own 86.81% of the company’s stock.
Equifax Company Profile
Equifax Inc is a provider of 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 Personal Solutions. USIS provides consumer and commercial information solutions to businesses in the United States, including online information, decisioning technology solutions, fraud and identity management services, portfolio management services, mortgage reporting and financial marketing services.