Sep 17 2017 by Johnny Bowman
After an estimated 143 million Americans' personal information was accessed by hackers targeting Equifax Inc. Baird now has a $141.00 target price on the credit services provider's stock.
Davis, who is not familiar with the specifics of the case other than what he's read in the media, says there are two key issues that remain unclarified in the wake of the breach: how Equifax plans to fully secure the systems that allowed the hack to take place and what the company is doing about the supposedly coincidental sale of almost $2 million worth of company stock by three different executives after the breach was discovered on July 29. Stifel Nicolaus reiterated a buy rating and issued a $149.00 price target on shares of Equifax in a research report on Friday, September 8th. Morgan Stanley maintained the stock with "Equal-Weight" rating in Friday, September 8 report. On September 15 the stock rating was downgraded to "Overweight" from " with a current price target of $115.00 in an announcement from Argus Research.
Among 15 analysts covering Equifax Inc (NYSE:EFX), 10 have Buy rating, 1 Sell and 4 Hold. They set a buy rating and a $166.00 price target on the stock. Finally, Deutsche Bank AG reissued a buy rating and set a $160.00 target price (up previously from $140.00) on shares of Equifax in a research report on Thursday, July 27th. The stock's average target of $37.17 is -7.72% below today's ($40.28) share price.
Shares of Equifax (NYSE EFX) opened at 92.98 on Friday.
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.
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Equifax (NYSE:EFX) last issued its quarterly earnings data on Wednesday, July 26th. The dividend was $0.390 per share for the quarter which comes to $1.56 on an annualized basis. Equifax had a net margin of 15.54% and a return on equity of 25.18%. The company had revenue of $856.70 million for the quarter, compared to the consensus estimate of $860.48 million. During the same quarter in the previous year, the business earned $1.43 EPS. They expect $1.52 EPS, up 5.56% or $0.08 from last year's $1.44 per share. Equities analysts predict that Equifax will post $6.06 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This piece of content was first posted by BBNS and is the property of of BBNS. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & worldwide trademark & copyright legislation. The original version of this article can be read at https://weekherald.com/2017/09/17/stifel-nicolaus-reiterates-buy-rating-for-equifax-inc-efx.html. Equifax, Inc. also announced a dividend which was paid on Friday September 15th, 2017. The ex-dividend date of this dividend was Wednesday, August 23rd. Equifax's payout ratio is now 33.05%. The stock of Equifax Inc. Following the sale, the insider now owns 43,648 shares of the company's stock, valued at approximately $6,359,513.60.
In other Equifax news, insider Rodolfo O. Ploder sold 3,341 shares of the business's stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $146.02, for a total transaction of $584,080.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,219 shares of company stock valued at $1,780,938. Insiders own 1.29% of the company's stock. Hedge funds and other institutional investors own 86.41% of the company's stock. Samlyn Cap Ltd Co owns 0.67% invested in Equifax Inc. The value of the company's investment in Equifax, Inc. increased from $23,576,000 to $29,519,000 a change of $5,943,000 for the reporting period. It also increased its holding in Verifone Sys Inc (NYSE:PAY) by 54,706 shares in the quarter, for a total of 508,591 shares, and has risen its stake in Regulus Therapeutics Inc (NASDAQ:RGLS). As of the end of the quarter Bristol Gate Capital Partners Inc. had bought a total of 3,116 shares growing its holdings by 1.5%. Short shares grew 27,955 over that period. Finally, Gratus Capital LLC increased its stake in shares of Equifax by 0.8% in the fourth quarter. It also provides information, technology and services to support debt collections and recovery management. Bank of America Corp DE now owns 523,024 shares of the credit services provider's stock valued at $71,519,000 after purchasing an additional 17,202 shares during the period.
Equifax Inc.is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers.
"The main risks that we see to EFX center around: 1) greater impairment to the Global Consumer Solutions segment (GCS), 2) potential bleed into other businesses and/or share shift, 3) increased regulation, and 4) higher-than-anticipated fines", writes analyst Jeffrey Goldstein.
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