While Equifax, Inc. has overperformed by 0.25%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EFX rose by 14.27%, with highs and lows ranging from $275.10 to $159.95, whereas the simple moving average jumped by 1.94% in the last 200 days.
On February 13, 2024, Evercore ISI Upgraded Equifax, Inc. (NYSE: EFX) to Outperform. A report published by Redburn Atlantic on January 11, 2024, Downgraded its rating to ‘Neutral’ for EFX. BofA Securities also Upgraded EFX shares as ‘Buy’, setting a target price of $300 on the company’s shares in a report dated January 08, 2024. Needham Reiterated the rating as Buy on January 04, 2024, but set its price target from $230 to $305. Oppenheimer initiated its ‘Outperform’ rating for EFX, as published in its report on December 19, 2023. Jefferies’s report from December 18, 2023 suggests a price prediction of $315 for EFX shares, giving the stock a ‘Buy’ rating. Wells Fargo also rated the stock as ‘Overweight’.
Analysis of Equifax, Inc. (EFX)
A return on investment can be expected regardless of EFX’s performance over the next quarter with the dividend set at $1.56 per share. Further, the quarter-over-quarter increase in sales is 6.71%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Equifax, Inc.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 12.93% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.73, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and EFX is recording an average volume of 882.16K. On a monthly basis, the volatility of the stock is set at 2.73%, whereas on a weekly basis, it is put at 2.84%, with a gain of 4.03% over the past seven days. Furthermore, long-term investors anticipate a median target price of $270.58, showing growth from the present price of $226.28, which can serve as yet another indication of whether EFX is worth investing in or should be passed over.
How Do You Analyze Equifax, Inc. Shares?
A leading company in the Consulting Services sector, Equifax, Inc. (EFX) is based in the USA. When comparing Equifax, Inc. shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 50.38, there is a growth in quarterly earnings of 9.97%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.37%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 97.83% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
EFX shares are owned by institutional investors to the tune of 97.83% at present.
