BNP Paribas Lowers Equifax (NYSE:EFX) to Neutral

BNP Paribas lowered shares of Equifax (NYSE:EFX) from an outperform rating to a neutral rating in a research note published on Friday morning, Briefing.com Automated Import reports. The firm currently has $175.00 target price on the credit services provider’s stock.

Other equities analysts also recently issued research reports about the company. Atlantic Securities downgraded Equifax from an overweight rating to a neutral rating and set a $151.00 target price on the stock. in a research report on Friday, May 15th. Stephens reaffirmed a hold rating and issued a $166.00 target price on shares of Equifax in a research report on Tuesday, April 21st. Argus downgraded Equifax from a buy rating to a hold rating in a research report on Monday, April 6th. Wells Fargo & Co upped their target price on Equifax from $144.00 to $160.00 in a research report on Wednesday, April 22nd. Finally, Morgan Stanley increased their price target on Equifax from $145.00 to $153.00 and gave the stock an equal weight rating in a research report on Tuesday, June 9th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $158.81.

NYSE:EFX opened at $163.11 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. The stock’s 50 day moving average price is $165.74 and its two-hundred day moving average price is $147.27. The firm has a market capitalization of $19.80 billion, a price-to-earnings ratio of 74.14, a P/E/G ratio of 12.38 and a beta of 1.21. Equifax has a 12-month low of $103.01 and a 12-month high of $180.07.

Equifax (NYSE:EFX) last posted its earnings results on Monday, April 20th. The credit services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. Equifax had a return on equity of 27.87% and a net margin of 7.45%. The company had revenue of $957.90 million for the quarter, compared to the consensus estimate of $907.27 million. During the same quarter in the prior year, the business earned $1.20 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities research analysts expect that Equifax will post 5.13 EPS for the current year.

In other Equifax news, insider John J. Kelley III sold 12,500 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $148.32, for a total value of $1,854,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.87% of the company’s stock.

Several hedge funds have recently modified their holdings of EFX. Norges Bank acquired a new stake in shares of Equifax in the 4th quarter valued at $153,781,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Equifax by 8.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,558,380 shares of the credit services provider’s stock valued at $1,479,440,000 after acquiring an additional 837,926 shares during the last quarter. Melvin Capital Management LP bought a new position in shares of Equifax in the 1st quarter valued at $95,560,000. Samlyn Capital LLC bought a new position in shares of Equifax in the 4th quarter valued at $61,980,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Equifax by 294.4% in the 1st quarter. JPMorgan Chase & Co. now owns 529,055 shares of the credit services provider’s stock valued at $63,197,000 after acquiring an additional 394,911 shares during the last quarter. 95.00% of the stock is currently owned by hedge funds and other institutional investors.

About Equifax

Equifax Inc provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions, and Global Consumer Solutions. The USIS segment offers consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage loan origination information; financial marketing; and identity management services.

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