Equifax (EFX) Given New $119.00 Price Target at Morgan Stanley

Equifax (NYSE:EFX) had its target price upped by stock analysts at Morgan Stanley from $112.00 to $119.00 in a report issued on Wednesday. The brokerage currently has an “equal weight” rating on the credit services provider’s stock. Morgan Stanley’s price objective suggests a potential downside of 4.88% from the company’s current price.

A number of other research firms also recently issued reports on EFX. Zacks Investment Research upgraded shares of Equifax from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Royal Bank of Canada lifted their price target on shares of Equifax to $126.00 and gave the company a “sector perform” rating in a research report on Friday, January 19th. Robert W. Baird reiterated a “buy” rating and set a $137.00 price target on shares of Equifax in a research report on Tuesday, January 9th. Barclays downgraded shares of Equifax from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $115.00 to $128.00 in a research report on Thursday, December 14th. Finally, Wells Fargo & Co set a $127.00 price target on shares of Equifax and gave the company a “buy” rating in a research report on Friday, October 6th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Equifax presently has a consensus rating of “Hold” and a consensus price target of $128.07.

Shares of Equifax (NYSE EFX) traded up $2.03 during trading hours on Wednesday, reaching $125.11. 219,084 shares of the company were exchanged, compared to its average volume of 1,168,972. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $14,982.31, a P/E ratio of 28.38, a P/E/G ratio of 2.13 and a beta of 0.95. Equifax has a 1 year low of $89.59 and a 1 year high of $147.02.

Equifax (NYSE:EFX) last announced its quarterly earnings data on Thursday, November 9th. The credit services provider reported $1.53 EPS for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.04. Equifax had a net margin of 16.18% and a return on equity of 24.45%. The firm had revenue of $834.80 million during the quarter, compared to the consensus estimate of $847.28 million. During the same quarter last year, the firm earned $1.44 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. analysts predict that Equifax will post 5.92 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. ETF Managers Group LLC purchased a new position in shares of Equifax during the 2nd quarter worth approximately $137,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Equifax during the 4th quarter worth approximately $101,000. Sun Life Financial INC increased its stake in shares of Equifax by 9,722.2% during the 2nd quarter. Sun Life Financial INC now owns 884 shares of the credit services provider’s stock worth $121,000 after purchasing an additional 875 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of Equifax during the 3rd quarter worth approximately $130,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Equifax during the 3rd quarter worth approximately $134,000. 94.94% of the stock is owned by institutional investors and hedge funds.

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About Equifax

Equifax Inc is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Global Consumer Solutions. Its products and services are based on databases of consumer and business information derived from various sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.

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