Equifax Inc. (NYSE: EFX) had its price target increased by equities researchers at Barclays PLC from $140.00 to $150.00. With a rating of Overweight on the shares, the company has a 52-week high of $136.97. As a means of comparison, a number of other analysts have spoken on the company in recent days, and the company has secured a consensus one-year price target of $12.33, a decrease compared to the opening price of $132.65, a difference of 0.93 percent.
The Fed stood pat on interest rates on Wednesday, helping stocks to mostly higher levels but Chairwoman Janet Yellen indicated an interest rate hike is likely by year’s end
On Wednesday, the S&P 500 SPX, +1.09% ended 1.1% higher, while the Dow DJIA, +0.90% jumped by 0.9%, or 164 points, as each exchange finished in positive territory for a second consecutive day.
The tech-heavy Nasdaq Composite COMP, +1.03% tacked on 1% and scored a record closing high.
S&P 500 futures ESZ6, +0.36% were up 6.55 points, or 0.3%, to 2,162.75 early Thursday, while Dow Jones Industrial Average futures YMZ6, +0.37% rose 58 points, or 0.3%, to 18,276. Nasdaq-100 futures NQZ6, +0.39% gained 16.25 points, or 0.3%, to 4,866.25.
Yesterday Equifax Inc. (NYSE: EFX) shares last traded at $133.12, a jump of $1.27 over the previous closing price. Opening at $132.65, they fluctuated from $131.05 and $133.32 throughout the day.
Equifax Inc. (NYSE: EFX) now has a market cap of 15.89B.
The stock’s average daily volume is 604,672 shares out of a total float 118,667,000 and some 504,697 shares crossed the trading desk yesterday, lower than the norm. Trading volume is likely to increase in the next few days as momentum traders often use increases in trading volume to pinpoint substantial volume growth or dissemination by institutional investors.
While higher trading for short periods will not mean much, however, a trend of heavy trading volume on the buy side over a period of days or weeks expresses a positive cue to market traders that institutions may be moving in, so institutional sponsorship is crucial.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors retain substantial teams of analysts researching thousands of stocks, so it is good confirmation to see them buying a stock you are researching.
By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.
Trades for Equifax Inc. (NYSE: EFX) have ranged from $91.72 – 136.97, and the stock now has a 50-day MA of $132.15 and 200-day MA of $124.41. Today’s last price is 0.03% under the 52 week high of $136.97.
Indeed, earnings growth is among the most crucial things to look at in regards to stock investing and, accordingly, investors identify companies that have been successful at growing their earnings at least 25% or more over 3 consecutive years.
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