MORGAN STANLEY: Equifax shares could get cut in half from here (EFX)
17 September, 2017, 15:37
It is negative, as 56 investors sold Equifax Inc. shares while 182 reduced holdings.
EFX has been the subject of several other research reports. Stifel Nicolaus raised their price objective on shares of Equifax from $131.00 to $144.00 and gave the company a "buy" rating in a research report on Friday, February 10th. Zacks Investment Research downgraded Equifax from a buy rating to a hold rating in a research report on Monday, July 17th. The consensus target price is $129.62 with 3 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
On September 15 Morgan Stanley left the stock rating at "Equal-Weight" but lowered the price expectation to $127.00 from $140.00.
Equifax, Inc. (NYSE:EFX) has reached an oversold level with an RSI (14) at 12.13.
Shares of the company are trading at $94.55 much lower than the 50 day moving average of $137.80 and which is well below the 200 day moving average of $137.30. The stock has a market capitalization of $11.19 billion, a P/E ratio of 19.69 and a beta of 0.93.
Equifax (NYSE:EFX) last released its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.03. The company had revenue of $856.70 million during the quarter, compared to analyst estimates of $860.48 million. Equifax Inc had 37 analyst reports since July 24, 2015 according to SRatingsIntel. Equifax's revenue was up 20.2% compared to the same quarter previous year. During the same quarter in the previous year, the business earned $1.43 EPS. In the last earnings report the EPS was $4.72 and is estimated to be $6.06 for the current year with 120,372,000 shares presently outstanding. (NYSE:EFX). Cove Street reported 12,625 shares. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2017/09/17/equifax-inc-efx-stock-rating-reaffirmed-by-j-p-morgan-chase-co.html. Equifax, Inc. also announced a dividend which was paid on Friday September 15th, 2017. (NYSE:EFX) were released by: Bloomberg.com and their article: "Analysts Keep Saying Buy, and Equifax Keeps Plunging" published on September 13, 2017 as well as Bloomberg.com's news article titled: "Equifax Says Cyberattack May Have Hit 143 Million Customers" with publication date: September 07, 2017. The dividend yield was $1.58. Equifax's payout ratio is now 32.75%.
In other news, CFO John W. Gamble, Jr. sold 6,500 shares of the company's stock in a transaction on Tuesday, August 1st. South Dakota Investment Council sold 248,173 shares as the company's stock declined 7.64% while stock markets rallied. The stock was sold at an average price of $146.02, for a total value of $584,080.00. Following the completion of the transaction, the insider now directly owns 42,723 shares in the company, valued at $6,238,412.46. The disclosure for this sale can be found here.
Since May 23, 2017, it had 0 insider buys, and 1 sale for $1.91 million activity. After a recent spot-check, the stock has touched $92.98 which represents a change from the open of -1.50%. Sun Life Financial INC grew its position in shares of Equifax by 9,722.2% during the 2nd quarter. William Blair Investment Management LLC now owns 1,305,063 shares of the credit services provider's stock valued at $178,454,000 after purchasing an additional 650,550 shares during the period. Intl Fcstone Inc. acquired a new stake in shares of Equifax in the second quarter valued at $1,438,000.
Harbor Spring Capital, LLC cut its investment by shedding 89,900 shares a decrease of 24.0% in the quarter. IFP Advisors Inc now owns 745 shares of the credit services provider's stock valued at $102,000 after purchasing an additional 64 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Equifax by 25.9% in the second quarter. Sun Life Financial INC now owns 884 shares of the credit services provider's stock valued at $121,000 after purchasing an additional 875 shares in the last quarter.
Equifax Inc., launched on December 20, 1913, is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. Information Solutions, International, Workforce Solutions and Global Consumer Solutions. USIS provides consumer and commercial information solutions to businesses in the United States, including online information, decisioning technology solutions, fraud and identity management services, portfolio management services, mortgage reporting and financial marketing services.