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

National Bank Financial upgraded shares of Equifax (NYSE:EFX) from a sector perform rating to an outperform rating in a report published on Friday morning, Stock Target Advisor reports.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

EFX has been the subject of a number of other research reports. SunTrust Banks raised their price target on shares of Equifax to $155.00 and gave the stock a buy rating in a research note on Friday, July 26th. Stephens raised their price target on shares of Equifax from $130.00 to $131.00 and gave the stock an equal weight rating in a research note on Friday, July 26th. Raymond James restated an outperform rating on shares of Equifax in a research note on Friday. ValuEngine cut shares of Equifax from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Finally, Credit Suisse Group raised their price target on shares of Equifax from $150.00 to $157.00 and gave the stock an outperform rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $133.00.

EFX traded up $0.07 during midday trading on Friday, reaching $133.96. 487,720 shares of the company’s stock were exchanged, compared to its average volume of 898,216. The firm has a market capitalization of $16.13 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 2.78 and a beta of 1.21. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.11. Equifax has a one year low of $88.68 and a one year high of $148.59. The business has a 50-day simple moving average of $139.67 and a two-hundred day simple moving average of $135.42.

Equifax (NYSE:EFX) last announced its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.04. The firm had revenue of $875.70 million during the quarter, compared to analysts’ expectations of $870.17 million. Equifax had a negative net margin of 11.13% and a positive return on equity of 24.39%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.41 earnings per share. As a group, research analysts anticipate that Equifax will post 5.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Thursday, November 21st. Equifax’s payout ratio is 26.94%.

In other news, insider J Dann Adams sold 9,392 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $134.72, for a total transaction of $1,265,290.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of EFX. Invesco Ltd. increased its holdings in shares of Equifax by 330.9% in the second quarter. Invesco Ltd. now owns 2,233,499 shares of the credit services provider’s stock valued at $302,059,000 after purchasing an additional 1,715,222 shares in the last quarter. Egerton Capital UK LLP acquired a new stake in shares of Equifax in the second quarter valued at approximately $103,394,000. Generation Investment Management LLP increased its holdings in shares of Equifax by 26.6% in the second quarter. Generation Investment Management LLP now owns 3,240,423 shares of the credit services provider’s stock valued at $438,235,000 after purchasing an additional 680,935 shares in the last quarter. Westwood Holdings Group Inc. acquired a new stake in shares of Equifax in the second quarter valued at approximately $66,020,000. Finally, Nuveen Asset Management LLC acquired a new stake in shares of Equifax in the second quarter valued at approximately $64,296,000. 95.50% of the stock is 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.

Featured Story: The role of implied volatility with call option volume

Analyst Recommendations for Equifax (NYSE:EFX)

Leave a Reply

Your email address will not be published. Required fields are marked *

*