Deutsche Bank downgraded shares of Equifax (NYSE:EFX) from a buy rating to a hold rating in a research note issued to investors on Tuesday, February 5th, Marketbeat.com reports. Deutsche Bank currently has $110.00 price objective on the credit services provider’s stock, down from their prior price objective of $128.00. The analysts noted that the move was a valuation call.
EFX has been the topic of several other reports. Bank of America started coverage on shares of Equifax in a report on Tuesday, October 23rd. They set an underperform rating and a $123.00 price objective on the stock. ValuEngine cut shares of Equifax from a buy rating to a hold rating in a research report on Friday, October 26th. TheStreet cut shares of Equifax from a b rating to a c rating in a research report on Wednesday, October 24th. Morgan Stanley set a $126.00 price objective on shares of Equifax and gave the stock a hold rating in a research report on Monday, October 15th. Finally, SunTrust Banks decreased their price objective on shares of Equifax to $115.00 and set a buy rating on the stock in a research report on Tuesday, December 11th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $122.30.
NYSE:EFX traded up $0.95 during mid-day trading on Tuesday, hitting $110.46. 901,851 shares of the company’s stock were exchanged, compared to its average volume of 1,370,974. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.09 and a quick ratio of 1.19. Equifax has a fifty-two week low of $88.68 and a fifty-two week high of $138.69. The company has a market cap of $13.35 billion, a PE ratio of 19.08, a P/E/G ratio of 2.69 and a beta of 1.20.
Equifax (NYSE:EFX) last issued its quarterly earnings results on Wednesday, February 20th. The credit services provider reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.06. The firm had revenue of $835.30 million for the quarter, compared to the consensus estimate of $841.49 million. Equifax had a net margin of 8.78% and a return on equity of 21.58%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.39 EPS. Equities research analysts expect that Equifax will post 5.67 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Tuesday, March 12th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, March 11th. Equifax’s dividend payout ratio (DPR) is presently 26.94%.
A number of hedge funds have recently made changes to their positions in EFX. Butensky & Cohen Financial Security Inc. lifted its position in Equifax by 12.6% during the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 12,935 shares of the credit services provider’s stock valued at $1,205,000 after buying an additional 1,445 shares during the period. Columbus Circle Investors grew its stake in shares of Equifax by 100.2% during the 3rd quarter. Columbus Circle Investors now owns 300,136 shares of the credit services provider’s stock valued at $39,189,000 after purchasing an additional 150,204 shares during the period. Bank of Montreal Can grew its stake in shares of Equifax by 42.9% during the 3rd quarter. Bank of Montreal Can now owns 70,595 shares of the credit services provider’s stock valued at $9,217,000 after purchasing an additional 21,186 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Equifax by 49.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,910,763 shares of the credit services provider’s stock valued at $550,470,000 after purchasing an additional 1,954,808 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Equifax during the 2nd quarter valued at about $1,477,000. 90.88% of the stock is owned by institutional investors.
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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