Morgan Stanley set a $103.00 price objective on Equifax (NYSE:EFX) in a research report sent to investors on Friday, February 22nd. The brokerage currently has a hold rating on the credit services provider’s stock.
EFX has been the topic of a number of other research reports. Deutsche Bank lowered Equifax from a buy rating to a hold rating and lowered their price objective for the company from $128.00 to $110.00 in a report on Tuesday, February 5th. They noted that the move was a valuation call. Zacks Investment Research reissued a sell rating on shares of Equifax in a report on Tuesday, November 13th. Robert W. Baird lowered their price objective on Equifax from $115.00 to $109.00 and set an outperform rating on the stock in a report on Wednesday, December 19th. SunTrust Banks lowered their price objective on Equifax to $115.00 and set a buy rating on the stock in a report on Tuesday, December 11th. They noted that the move was a valuation call. Finally, Wells Fargo & Co lowered their target price on Equifax from $145.00 to $137.00 and set an outperform rating on the stock in a report on Friday, October 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $119.45.
Equifax stock traded down $0.98 during mid-day trading on Friday, hitting $112.45. The company’s stock had a trading volume of 449,038 shares, compared to its average volume of 1,110,146. Equifax has a 52-week low of $88.68 and a 52-week high of $138.69. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.83. The company has a market cap of $13.58 billion, a P/E ratio of 19.42, a P/E/G ratio of 2.33 and a beta of 1.23.
Equifax (NYSE:EFX) last posted its quarterly earnings results on Wednesday, February 20th. The credit services provider reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.06. Equifax had a return on equity of 21.58% and a net margin of 8.78%. The company had revenue of $835.30 million during the quarter, compared to the consensus estimate of $841.49 million. During the same period last year, the business earned $1.39 EPS. The business’s quarterly revenue was down .4% on a year-over-year basis. On average, equities analysts forecast that Equifax will post 5.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Tuesday, March 12th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, March 11th. This represents a $1.56 annualized dividend and a dividend yield of 1.39%. Equifax’s dividend payout ratio (DPR) is currently 26.94%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Equifax during the fourth quarter worth $34,000. Exane Asset Management acquired a new position in Equifax in the fourth quarter valued at about $41,000. Doyle Wealth Management acquired a new position in Equifax in the fourth quarter valued at about $53,000. Rational Advisors LLC grew its stake in Equifax by 1,172.7% in the fourth quarter. Rational Advisors LLC now owns 700 shares of the credit services provider’s stock valued at $65,000 after acquiring an additional 645 shares during the period. Finally, Ropes Wealth Advisors LLC acquired a new position in Equifax in the fourth quarter valued at about $70,000. 93.19% 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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