Wells Fargo & Company Upgrades Equifax, Inc. (EFX) to “Outperform”

Equifax, Inc. (NYSE:EFX) was upgraded by equities researchers at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a report issued on Friday. The firm currently has a $127.00 price target on the credit services provider’s stock, down from their previous price target of $135.00. Wells Fargo & Company’s price target indicates a potential upside of 20.91% from the stock’s previous close.

A number of other equities research analysts also recently commented on EFX. Argus started coverage on shares of Equifax in a research report on Tuesday, June 13th. They issued a “buy” rating and a $166.00 price objective on the stock. BidaskClub raised shares of Equifax from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research downgraded shares of Equifax from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Morgan Stanley reissued an “equal weight” rating and issued a $144.00 price objective (up from $142.00) on shares of Equifax in a research report on Tuesday, July 18th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $160.00 price objective (up from $140.00) on shares of Equifax in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $133.31.

Shares of Equifax (NYSE:EFX) opened at 105.04 on Friday. The firm has a 50-day moving average of $133.48 and a 200 day moving average of $136.54. Equifax has a 52 week low of $89.59 and a 52 week high of $147.02. The firm has a market capitalization of $12.64 billion, a P/E ratio of 22.25 and a beta of 0.93.

Equifax (NYSE:EFX) last announced its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.03. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The company had revenue of $856.70 million for the quarter, compared to the consensus estimate of $860.48 million. During the same period in the prior year, the firm posted $1.43 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts expect that Equifax will post $6.00 EPS for the current fiscal year.

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In other news, CFO John W. Gamble, Jr. sold 6,500 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $145.60, for a total value of $946,400.00. Following the completion of the transaction, the chief financial officer now owns 42,078 shares in the company, valued at approximately $6,126,556.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Joseph Michael Loughran III sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $146.02, for a total transaction of $584,080.00. Following the completion of the transaction, the insider now owns 42,723 shares of the company’s stock, valued at approximately $6,238,412.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,219 shares of company stock valued at $1,780,938. Company insiders own 1.29% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Brighton Jones LLC boosted its stake in Equifax by 0.3% during the 2nd quarter. Brighton Jones LLC now owns 3,012 shares of the credit services provider’s stock worth $414,000 after purchasing an additional 8 shares during the period. Flagship Harbor Advisors LLC boosted its stake in Equifax by 0.3% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 3,042 shares of the credit services provider’s stock worth $424,000 after purchasing an additional 8 shares during the period. Signaturefd LLC boosted its stake in Equifax by 0.3% during the 1st quarter. Signaturefd LLC now owns 3,751 shares of the credit services provider’s stock worth $513,000 after purchasing an additional 11 shares during the period. Sawtooth Solutions LLC boosted its stake in Equifax by 0.6% during the 2nd quarter. Sawtooth Solutions LLC now owns 1,779 shares of the credit services provider’s stock worth $245,000 after purchasing an additional 11 shares during the period. Finally, Cleararc Capital Inc. boosted its stake in Equifax by 0.5% during the 1st quarter. Cleararc Capital Inc. now owns 2,948 shares of the credit services provider’s stock worth $403,000 after purchasing an additional 16 shares during the period. Hedge funds and other institutional investors own 90.00% of the company’s stock.

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.

Analyst Recommendations for Equifax (NYSE:EFX)

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