Equifax (EFX) PT Raised to $126.00 at Royal Bank of Canada

Equifax (NYSE:EFX) had its target price lifted by Royal Bank of Canada to $126.00 in a research note issued to investors on Friday, The Fly reports. The firm presently has a “sector perform” rating on the credit services provider’s stock. Royal Bank of Canada’s price target indicates a potential upside of 1.18% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. Wells Fargo & Co raised Equifax from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $135.00 to $127.00 in a research note on Friday, September 22nd. Goldman Sachs Group started coverage on Equifax in a research note on Wednesday, November 8th. They issued a “neutral” rating and a $116.00 price objective on the stock. SunTrust Banks reissued a “buy” rating on shares of Equifax in a research note on Friday, October 13th. Stifel Nicolaus cut Equifax from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $149.00 to $115.00 in a research note on Monday, November 13th. Finally, Barclays cut Equifax from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $115.00 to $128.00 in a research note on Thursday, December 14th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $129.47.

Equifax (NYSE:EFX) opened at $124.53 on Friday. Equifax has a 52 week low of $89.59 and a 52 week high of $147.02. The company has a market capitalization of $14,950.00, a P/E ratio of 28.17, a PEG ratio of 2.10 and a beta of 0.95. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.67 and a current ratio of 0.67.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Equifax by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 11,801,839 shares of the credit services provider’s stock valued at $1,621,809,000 after acquiring an additional 368,255 shares in the last quarter. FMR LLC boosted its position in Equifax by 5.8% during the 2nd quarter. FMR LLC now owns 6,046,517 shares of the credit services provider’s stock valued at $830,912,000 after acquiring an additional 329,481 shares in the last quarter. Capital International Investors bought a new stake in Equifax during the 3rd quarter valued at $513,940,000. Janus Henderson Group PLC boosted its position in Equifax by 11,042.5% during the 2nd quarter. Janus Henderson Group PLC now owns 1,729,992 shares of the credit services provider’s stock valued at $237,735,000 after acquiring an additional 1,714,466 shares in the last quarter. Finally, Burgundy Asset Management Ltd. boosted its position in Equifax by 0.7% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,683,442 shares of the credit services provider’s stock valued at $231,339,000 after acquiring an additional 11,216 shares in the last quarter. 95.12% of the stock is currently 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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