StockNews.com cut shares of Equifax (NYSE:EFX – Get Rating) from a hold rating to a sell rating in a research report sent to investors on Monday morning.
Several other equities research analysts also recently issued reports on EFX. Atlantic Securities lowered their price target on Equifax from $225.00 to $200.00 and set a neutral rating on the stock in a research report on Thursday, September 22nd. Wells Fargo & Company started coverage on shares of Equifax in a research note on Tuesday, July 12th. They issued an equal weight rating and a $200.00 target price for the company. Morgan Stanley cut shares of Equifax from an overweight rating to an equal weight rating and set a $230.00 target price for the company. in a research note on Tuesday, August 16th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Equifax from $225.00 to $223.00 in a research note on Tuesday, July 19th. Finally, Barclays reduced their target price on shares of Equifax from $250.00 to $215.00 and set an overweight rating for the company in a research note on Friday, June 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $242.27.
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Equifax Trading Down 3.5 %
Equifax stock opened at $167.10 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $20.45 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 1.61 and a beta of 1.50. Equifax has a one year low of $166.25 and a one year high of $300.11. The company's fifty day moving average price is $197.38 and its two-hundred day moving average price is $201.91.
Equifax (NYSE:EFX – Get Rating) last issued its quarterly earnings results on Wednesday, July 20th. The credit services provider reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.06. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Equifax had a return on equity of 26.69% and a net
margin of 14.54%. The firm's revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $1.98 earnings per share. On average, analysts forecast that Equifax will post 7.66 earnings per share for the current fiscal year.
Equifax Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, September 6th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Friday, September 2nd. Equifax's dividend payout ratio (DPR) is currently 25.66%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of EFX. Daiwa Securities Group Inc. increased its holdings in shares of Equifax by 6.0% in the first quarter. Daiwa Securities Group Inc. now owns 7,598 shares of the credit services provider's stock valued at $1,801,000 after purchasing an additional 433 shares in the last quarter. State of Michigan Retirement System increased its holdings in shares of Equifax by 0.3% in the first quarter. State of Michigan Retirement System now owns 30,778 shares of the credit services provider's stock valued at $7,297,000 after purchasing an additional 97 shares in the last quarter. Guggenheim Capital LLC increased its holdings in shares of Equifax by 119.2% in the fourth quarter. Guggenheim Capital LLC now owns 27,894 shares of the credit services provider's stock valued at $8,167,000 after purchasing an additional 15,169 shares in the last quarter. AIA Group Ltd increased its holdings in shares of Equifax by 120.6% in the first quarter. AIA Group Ltd now owns 3,205 shares of the credit services provider's stock valued at $760,000 after purchasing an additional 1,752 shares in the last quarter. Finally, Prana Capital Management LP acquired a new stake in shares of Equifax in the first quarter valued at approximately $6,488,000. Institutional investors own 91.81% of the company's stock.
Equifax Company Profile
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Equifax Inc provides information solutions and human resources business process automation outsourcing services for businesses, governments, and consumers. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers employment, income, criminal history, and social security number verification services, as well as payroll-based transaction, employment tax management, and identity theft protection products.
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