RBC Capital Markets Reiterates “Buy” Rating for Equifax Inc. (EFX)
Equifax Inc. (NYSE:EFX)‘s stock had its “buy” rating reiterated by investment analysts at RBC Capital Markets in a note issued to investors on Friday. They presently have a $146.00 price target on the stock, up from their previous price target of $142.00. RBC Capital Markets’ price target would suggest a potential upside of 19.67% from the stock’s previous close.
Several other research analysts also recently issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of Equifax from $142.00 to $146.00 and gave the stock an “outperform” rating in a research report on Friday. Zacks Investment Research downgraded shares of Equifax from a “buy” rating to a “hold” rating in a report on Monday, October 24th. Deutsche Bank AG set a $145.00 target price on shares of Equifax and gave the company a “buy” rating in a report on Tuesday, October 18th. Barclays PLC lifted their target price on shares of Equifax from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, September 21st. Finally, Jefferies Group lifted their target price on shares of Equifax from $128.00 to $131.00 and gave the company a “hold” rating in a report on Thursday, August 4th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $141.70.
Shares of Equifax (NYSE:EFX) opened at 122.00 on Friday. The stock’s 50 day moving average is $131.06 and its 200-day moving average is $127.86. The stock has a market capitalization of $14.61 billion, a price-to-earnings ratio of 30.89 and a beta of 0.87. Equifax has a one year low of $91.72 and a one year high of $136.97.
Equifax (NYSE:EFX) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.08. Equifax had a net margin of 15.87% and a return on equity of 24.73%. The company had revenue of $804.10 million for the quarter, compared to the consensus estimate of $208.05 million. During the same period last year, the firm posted $1.14 EPS. Equifax’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, equities research analysts predict that Equifax will post $5.45 EPS for the current fiscal year.
In other Equifax news, insider Paulino R. Barros sold 5,205 shares of Equifax stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $132.00, for a total transaction of $687,060.00. Following the completion of the transaction, the insider now owns 10,786 shares in the company, valued at $1,423,752. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard F. Smith sold 48,432 shares of Equifax stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $130.51, for a total transaction of $6,320,860.32. Following the transaction, the chairman now owns 253,228 shares of the company’s stock, valued at approximately $33,048,786.28. The disclosure for this sale can be found here. Company insiders own 2.01% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Trust Co. of Vermont boosted its position in shares of Equifax by 370.0% in the third quarter. Trust Co. of Vermont now owns 940 shares of the company’s stock worth $127,000 after buying an additional 740 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Equifax by 14.1% in the second quarter. Checchi Capital Advisers LLC now owns 956 shares of the company’s stock worth $123,000 after buying an additional 118 shares during the last quarter. Daiwa SB Investments Ltd. acquired a new position in shares of Equifax during the second quarter worth about $123,000. Global X Management Co. LLC boosted its position in shares of Equifax by 56.2% in the second quarter. Global X Management Co. LLC now owns 981 shares of the company’s stock worth $126,000 after buying an additional 353 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new position in shares of Equifax during the second quarter worth about $132,000. Institutional investors own 88.62% of the company’s stock.
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.
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