Equifax (NYSE:EFX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note released Friday to investors, Zacks.com reports. The company currently has a price target of $246.00 on shares of the credit service provider. Zacks Investment Research’s target price would suggest a potential upside of 7.00% from the company’s previous close.
According to Zacks, “Equifax’s stock has outperformed its industry in a year, in part due to consecutively beaten earnings and revenue over the past six quarters. The company’s offerings are of great importance to its clients because they use credit information and related analytical services and data to process applications for new credit cards, auto loans, home and equity loans, and other consumer loans.Acquisitions complement the core business and joint ventures contribute to global expansion A diverse customer base is beneficial as weakness in any sector can be offset by strength On the other hand, Equifax continues to bear the brunt of rising costs as it has increased its technology spending after the 2017 cyberattack. High debt and seasonality continue to act as headwinds for the business.
EFX has been the subject of several other research reports. Argus upgraded Equifax from a “hold” rating to a “buy” rating and set a price target of $285.00 on the stock in a Friday, October 22 research note. Truist Financial downgraded Equifax from a “hold” rating to a “buy” rating and set a price target of $280.00 for the stock in a Thursday, Jan. 27 research note. Needham & Company LLC raised its price target on Equifax from $295.00 to $335.00 and gave the stock a “buy” rating in a Friday, November 12 report. Robert W. Baird upgraded Equifax from a “neutral” rating to an “outperforming” rating and reduced its target price for the company from $290.00 to $281.00 in a Monday, Jan. 24, report. Finally, Evercore ISI began covering Equifax in a report on Thursday, October 14. They set an “outperform” rating for the company. Four investment analysts gave the stock a hold rating and eight gave the company a buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $290.91.
NYSE: EFX fell $1.26 during Friday trading hours, hitting $229.91. The stock recorded a trading volume of 11,182 shares, compared to an average volume of 1,156,395 shares. The company has a market capitalization of $28.05 billion, a PE ratio of 40.69 and a beta of 1.49. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt ratio of 1.40. The company has a 50-day simple moving average of $264.13 and a two-hundred-day simple moving average of $267.14. Equifax has a 1-year low of $161.87 and a 1-year high of $300.11.
Equifax (NYSE:EFX) last reported quarterly results on Wednesday, February 9. The credit services provider reported EPS of $1.84 for the quarter, beating Thomson Reuters consensus estimate of $1.81 by $0.03. Equifax had a return on equity of 28.24% and a net margin of 14.55%. In the same period a year earlier, the company posted earnings per share of $2.00. Research analysts expect Equifax to post 7.61 EPS for the current fiscal year.
Major investors have recently been buying and selling shares of the company. Penserra Capital Management LLC increased its holdings of Equifax stock by 10.0% during the third quarter. Penserra Capital Management LLC now owns 439 shares of the credit service provider worth $111,000 after acquiring 40 additional shares during the period. Manchester Capital Management LLC increased its holdings in Equifax by 2.0% in the second quarter. Manchester Capital Management LLC now owns 2,193 shares of the credit services provider worth $525,000 after buying 43 additional shares during the period. Checchi Capital Advisers LLC increased its holdings in Equifax by 4.4% in the fourth quarter. Checchi Capital Advisers LLC now owns 1,089 shares of the credit services provider worth $319,000 after purchasing 46 additional shares during the period. Allworth Financial LP increased its holdings in Equifax by 2.0% in the third quarter. Allworth Financial LP now owns 2,549 shares of the credit services provider worth $646,000 after buying 49 additional shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Equifax by 6.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 958 shares of the credit service provider worth $230,000 after buying 54 additional shares during the period. 90.84% of the shares are currently held by institutional investors and hedge funds.
Equifax, Inc. is engaged in the provision of information solutions and human resource business process outsourcing services. It operates through the following business segments: US Information Solutions, Workforce Solutions, International Solutions and Global Consumer Solutions. The United States Information Solutions segment includes consumer and business information services, mortgage origination information, financial marketing services and identity management.
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