Shares of Equifax Inc. (NYSE:EFX) shot up 0.1% on Friday after Morgan Stanley raised their price target on the stock from $140.00 to $150.00. Morgan Stanley currently has an equal weight rating on the stock. Equifax traded as high as $164.77 and last traded at $162.35, 371,226 shares were traded during trading. A decline of 48% from the average session volume of 716,862 shares. The stock had previously closed at $162.26.
A number of other research firms have also recently commented on EFX. Jefferies Financial Group assumed coverage on shares of Equifax in a research report on Wednesday, November 27th. They set a “buy” rating on the stock. Raymond James reissued an “outperform” rating on shares of Equifax in a research report on Friday, November 8th. Barclays reissued a “hold” rating and set a $140.00 target price on shares of Equifax in a research report on Wednesday, December 18th. Argus raised shares of Equifax from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Friday, January 17th. Finally, William Blair reissued an “outperform” rating on shares of Equifax in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $144.27.
In related news, insider Prasanna Dhore sold 6,192 shares of Equifax stock in a transaction on Monday, November 18th. The shares were sold at an average price of $140.00, for a total value of $866,880.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of EFX. Meeder Asset Management Inc. increased its stake in Equifax by 1,047.1% during the third quarter. Meeder Asset Management Inc. now owns 195 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 178 shares during the last quarter. Orion Portfolio Solutions LLC bought a new stake in Equifax during the fourth quarter valued at $27,000. Usca Ria LLC bought a new stake in Equifax during the third quarter valued at $28,000. Cornerstone Advisors Inc. increased its stake in Equifax by 188.4% during the third quarter. Cornerstone Advisors Inc. now owns 274 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 179 shares during the last quarter. Finally, CSat Investment Advisory L.P. increased its stake in Equifax by 42.5% during the fourth quarter. CSat Investment Advisory L.P. now owns 429 shares of the credit services provider’s stock valued at $60,000 after purchasing an additional 128 shares during the last quarter. Institutional investors and hedge funds own 93.49% of the company’s stock.
The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.11. The firm’s 50 day simple moving average is $150.11 and its two-hundred day simple moving average is $142.71. The stock has a market cap of $19.65 billion, a P/E ratio of -49.53, a price-to-earnings-growth ratio of 3.31 and a beta of 1.23.
Equifax (NYSE:EFX) last released its earnings results on Wednesday, February 12th. The credit services provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.04. Equifax had a negative net margin of 11.37% and a positive return on equity of 26.52%. The firm had revenue of $905.80 million during the quarter, compared to analyst estimates of $880.63 million. During the same quarter in the previous year, the firm earned $1.38 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities analysts predict that Equifax Inc. will post 5.67 EPS for the current year.
Equifax Company Profile (NYSE:EFX)
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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