The firm now has a $149.00 target price on the credit services provider's stock.
Other analysts have also issued research reports about the company. J P Morgan Chase & Co reissued a buy rating on shares of Equifax in a research report on Friday, September 8th. Royal Bank Of Canada reiterated a buy rating on shares of Equifax in a report on Wednesday, August 9th. On September 15 the stock rating was downgraded to "Overweight" from " and a price target of $115.00 was set in a report issued by Argus Research. Equity analyst Argus started covering the stock setting a rating of "Buy". The consensus target price is $129.62 with 3 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell. The stock now has a consensus rating of Buy and an average price target of $137.93.
Equifax Inc. (NYSE:EFX) stock has moved in a downward direction this week, causing concern for some investors. Equifax has a 1-year low of $89.59 and a 1-year high of $147.02. The company's 50 day moving average is $136.38 and its 200-day moving average is $137.03.
The most current P/E ratio is 19.47 and the market value is 11.06B.
Equifax (NYSE:EFX) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.05. Equifax Inc had 39 analyst reports since July 24, 2015 according to SRatingsIntel. The business had revenue of $856.70 million for the quarter, compared to analysts' expectations of $860.48 million. During the same quarter in the previous year, the firm earned $1.14 EPS. They expect $1.52 EPS, up 5.56% or $0.08 from last year's $1.44 per share. Equities analysts predict that Equifax will post $6.06 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This article was reported by Week Herald and is the sole property of of Week Herald. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of global copyright laws. Additionally the company recently declared a dividend that was paid on Friday the 15th of September 2017. Shareholders of record on Friday, August 25th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.68%.
In related news, CFO John W. Gamble, Jr. sold 6,500 shares of the firm's stock in a transaction dated Tuesday, August 1st. Equifax's payout ratio is 33.05%. The Montag A & Associates Inc holds 101,855 shares with $12.04M value, down from 105,637 last quarter. The shares were sold at an average price of $145.70, for a total transaction of $250,458.30.
Chief information officer David Webb joined the company from Silicon Valley Bank parent SVB Financial Grouop (SIVB). The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Following the completion of the sale, the insider now owns 43,648 shares of the company's stock, valued at approximately $6,359,513.60. Insiders have sold a total of 12,219 shares of company stock worth $1,780,938 in the last three months. Company insiders own 1.29% of the company's stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Retirement Of Alabama holds 0.07% of its portfolio in Equifax Inc. It also increased its holding in Verifone Sys Inc (NYSE:PAY) by 54,706 shares in the quarter, for a total of 508,591 shares, and has risen its stake in Regulus Therapeutics Inc (NASDAQ:RGLS). Fincl Engines Advsrs Ltd Liability Corp has invested 0.09% in Equifax Inc. IFP Advisors Inc now owns 745 shares of the credit services provider's stock valued at $102,000 after purchasing an additional 64 shares in the last quarter. YorkBridge Wealth Partners LLC grew its position in shares of Equifax by 23.8% during the 1st quarter. It also provides information, technology and services to support debt collections and recovery management. Finally, Wellington Management Group LLP boosted its holdings in shares of Equifax by 2.6% in the first quarter. Overall, volume was up 2,633.17% over the stocks normal daily volume.
Equifax Inc.is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers.