Morgan Stanley Increases Equifax (NYSE:EFX) Price Target to $163.00

Equifax (NYSE:EFX) had its price target boosted by Morgan Stanley from $153.00 to $163.00 in a research note published on Friday, BenzingaRatingsTable reports. The firm currently has an equal weight rating on the credit services provider’s stock.

Other equities analysts have also recently issued reports about the stock. Barclays upped their price objective on shares of Equifax from $110.00 to $175.00 in a research report on Wednesday, June 10th. Cfra reduced their target price on shares of Equifax from $173.00 to $141.00 and set a hold rating for the company in a research report on Tuesday, April 21st. Wells Fargo & Co increased their target price on shares of Equifax from $144.00 to $160.00 in a research report on Wednesday, April 22nd. SunTrust Banks cut shares of Equifax from a buy rating to a hold rating and set a $165.00 target price for the company. in a research report on Tuesday, June 9th. Finally, Credit Suisse Group increased their target price on shares of Equifax from $142.00 to $175.00 and gave the company an outperform rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $158.81.

NYSE:EFX opened at $163.11 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.00 and a current ratio of 1.00. The company has a fifty day moving average of $165.74 and a two-hundred day moving average of $147.27. The stock has a market capitalization of $19.80 billion, a PE ratio of 74.14, a P/E/G ratio of 12.38 and a beta of 1.21. Equifax has a fifty-two week low of $103.01 and a fifty-two week high of $180.07.

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

In other Equifax news, insider John J. Kelley III sold 12,500 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $148.32, for a total transaction of $1,854,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Contravisory Investment Management Inc. boosted its stake in shares of Equifax by 5.6% in the second quarter. Contravisory Investment Management Inc. now owns 2,745 shares of the credit services provider’s stock valued at $466,000 after purchasing an additional 145 shares during the period. Sanders Morris Harris LLC purchased a new position in shares of Equifax in the second quarter valued at approximately $361,000. Envestnet Asset Management Inc. boosted its stake in shares of Equifax by 35.4% in the second quarter. Envestnet Asset Management Inc. now owns 60,767 shares of the credit services provider’s stock valued at $10,445,000 after purchasing an additional 15,879 shares during the period. DNB Asset Management AS boosted its stake in shares of Equifax by 4.9% in the second quarter. DNB Asset Management AS now owns 20,523 shares of the credit services provider’s stock valued at $3,527,000 after purchasing an additional 962 shares during the period. Finally, Private Trust Co. NA boosted its stake in shares of Equifax by 5.2% in the second quarter. Private Trust Co. NA now owns 2,589 shares of the credit services provider’s stock valued at $445,000 after purchasing an additional 128 shares during the period. 95.00% of the stock is owned by institutional investors and hedge funds.

Equifax Company Profile

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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