Deutsche Bank downgraded shares of Equifax (NYSE:EFX) from a buy rating to a hold rating in a report released on Tuesday morning, MarketBeat.com reports. Deutsche Bank currently has $110.00 price objective on the credit services provider’s stock, down from their prior price objective of $128.00. The analysts noted that the move was a valuation call.
A number of other brokerages have also recently commented on EFX. Morgan Stanley set a $115.00 price objective on shares of Equifax and gave the stock a hold rating in a research note on Thursday, October 25th. TD Securities reaffirmed an average rating on shares of Equifax in a research note on Monday, January 7th. Credit Suisse Group began coverage on shares of Equifax in a research note on Friday, December 7th. They set an outperform rating and a $125.00 price target for the company. Robert W. Baird dropped their price target on shares of Equifax from $115.00 to $109.00 and set an outperform rating for the company in a research note on Wednesday, December 19th. Finally, Barclays dropped their price target on shares of Equifax from $120.00 to $105.00 and set an equal weight rating for the company in a research note on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Equifax currently has a consensus rating of Hold and an average price target of $119.90.
Shares of NYSE:EFX opened at $107.78 on Tuesday. Equifax has a 52 week low of $88.68 and a 52 week high of $138.69. The firm has a market capitalization of $12.99 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 2.57 and a beta of 1.20. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.19 and a quick ratio of 1.19.
Institutional investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. purchased a new stake in Equifax in the 4th quarter valued at about $34,000. Exane Asset Management purchased a new stake in Equifax in the 4th quarter valued at about $41,000. Ipswich Investment Management Co. Inc. purchased a new stake in Equifax in the 4th quarter valued at about $75,000. Enterprise Financial Services Corp purchased a new stake in Equifax in the 3rd quarter valued at about $114,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in Equifax by 105.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,431 shares of the credit services provider’s stock valued at $187,000 after buying an additional 735 shares during the period. 90.35% of the stock is owned by institutional investors.
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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