J P Morgan Chase & Co restated a buy rating on shares of Equifax in a report on Friday, September 8th.
Equifax shares have lost a third of their value since the hack, with Morgan Stanley analyst Jeffrey Goldstein writing that the stock could fall down to $50 per share, well below his current price target of $127. Zacks Investment Research downgraded Equifax from a buy rating to a hold rating in a research report on Monday, July 17th. Stifel Nicolaus raised their price objective on shares of Equifax from $131.00 to $144.00 and gave the company a "buy" rating in a research report on Friday, February 10th. Argus began coverage of 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 company presently has a consensus rating of Buy and a consensus target price of $137.93.
Equifax (NYSE EFX) traded down 3.81% during midday trading on Friday, hitting $92.98. Equifax has a 12 month low of $89.59 and a 12 month high of $147.02. The company's 50-day moving average is $137.80 and its 200-day moving average is $137.30.
The P/E ratio is now 20.03 and market cap is 11.38B.
Equifax (NYSE:EFX) last released its earnings results on Wednesday, February 8th. The dividend was $0.390 per share for the quarter or $1.56 on an annualized basis. Equifax Inc had 36 analyst reports since July 24, 2015 according to SRatingsIntel. During the same period in the prior year, the firm earned $1.43 EPS. The company's quarterly revenue was up 5.6% on a year-over-year basis.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, March 3rd will be given a dividend of $0.39 per share. The dividend yield was $1.58. The ex-dividend date was set for Wednesday the 23rd of August 2017. Equifax's payout ratio is now 33.05%. Also, insider Rodolfo O. Ploder sold 1,719 shares of the business's stock in a transaction that occurred on Wednesday, August 2nd. John W. Jr Gamble, CVP & CFO sold $946,400 worth of shares at an average price of $145.60 on August 1st. Following the sale, the chief financial officer now directly owns 42,078 shares of the company's stock, valued at $6,126,556.80. Over the last 90 days, insiders sold 12,219 shares of company stock valued at $1,780,938.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. The value of the total investment in Equifax, Inc. went from $124,553,000 to $154,912,000 increasing 24.4% since the last quarter. 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). Swiss National Bank now owns 437,845 shares of the credit services provider's stock valued at $60,169,000 after purchasing an additional 13,500 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in shares of Equifax by 0.7% in the second quarter. Short interest grew from 1,759,323 to 1,787,278 over that timeframe. Janus Capital Management LLC now holds 1,132,894 shares valued at $154,912,000. Wellington Management Group LLP now owns 5,351,242 shares of the credit services provider's stock valued at $731,730,000 after purchasing an additional 134,056 shares during the period. On Monday, July 17 the stock rating was maintained by Cowen & Co with "Hold".
Equifax Inc is a 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. USIS provides consumer and commercial information solutions to businesses in the United States, including online information, decisioning technology solutions, fraud and identity management services, portfolio management services, mortgage reporting and financial marketing services.
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