Equifax, Inc. (NYSE:EFX) had its target price decreased by research analysts at Morgan Stanley from $144.00 to $140.00 in a research report issued on Friday. The firm currently has an “equal weight” rating on the credit services provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 13.61% from the stock’s previous close.
A number of other brokerages also recently issued reports on EFX. Cowen and Company reissued a “buy” rating and issued a $151.00 price target on shares of Equifax in a report on Friday, July 28th. Zacks Investment Research downgraded Equifax from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub downgraded Equifax from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Argus started coverage on Equifax in a research note on Tuesday, June 13th. They set a “buy” rating and a $166.00 target price for the company. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Equifax in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $147.50.
Shares of Equifax (NYSE:EFX) traded down 13.66% during midday trading on Friday, reaching $123.23. 16,854,687 shares of the company’s stock were exchanged. The stock has a market cap of $14.83 billion, a P/E ratio of 26.10 and a beta of 0.93. Equifax has a one year low of $110.87 and a one year high of $147.02. The company’s 50-day moving average is $142.22 and its 200-day moving average is $137.96.
Equifax (NYSE:EFX) last announced its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, beating 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 company had revenue of $856.70 million during the quarter, compared to the consensus estimate of $860.48 million. During the same period in the previous year, the company posted $1.43 earnings per share. Equifax’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts expect that Equifax will post $6.08 earnings per share for the current fiscal year.
In related news, CFO John W. Gamble, Jr. sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $145.60, for a total transaction of $946,400.00. Following the completion of the sale, the chief financial officer now directly owns 42,078 shares in the company, valued at $6,126,556.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rodolfo O. Ploder sold 1,719 shares of the business’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 sale, the insider now owns 43,648 shares of the company’s stock, valued at $6,359,513.60. The disclosure for this sale can be found here. Insiders have sold 12,219 shares of company stock valued at $1,780,938 over the last quarter. 1.29% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC increased its position in shares of Equifax by 0.3% during the second quarter. Brighton Jones LLC now owns 3,012 shares of the credit services provider’s stock worth $414,000 after purchasing an additional 8 shares in the last quarter. Flagship Harbor Advisors LLC increased its position in shares of Equifax by 0.3% during the second quarter. Flagship Harbor Advisors LLC now owns 3,042 shares of the credit services provider’s stock worth $424,000 after purchasing an additional 8 shares in the last quarter. Signaturefd LLC increased its position in shares of Equifax by 0.3% during the first quarter. Signaturefd LLC now owns 3,751 shares of the credit services provider’s stock worth $513,000 after purchasing an additional 11 shares in the last quarter. Sawtooth Solutions LLC increased its position in shares of Equifax by 0.6% during the second quarter. Sawtooth Solutions LLC now owns 1,779 shares of the credit services provider’s stock worth $245,000 after purchasing an additional 11 shares in the last quarter. Finally, Cleararc Capital Inc. increased its position in shares of Equifax by 0.5% during the first quarter. Cleararc Capital Inc. now owns 2,948 shares of the credit services provider’s stock worth $403,000 after purchasing an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.
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.
Receive News & Ratings for Equifax Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equifax Inc. and related companies with MarketBeat.com's FREE daily email newsletter.