It Seems Equifax Inc. (EFX) Will Go Up. Formed A Few Months Bullish Double Top

July 16, 2018 - By Kristin Houston

Equifax Inc. (NYSE:EFX) Logo

Investors sentiment increased to 0.87 in Q1 2018. Its up 0.01, from 0.86 in 2017Q4. It is positive, as 39 investors sold Equifax Inc. shares while 149 reduced holdings. 53 funds opened positions while 111 raised stakes. 102.64 million shares or 2.69% less from 105.48 million shares in 2017Q4 were reported.
Robeco Institutional Asset Mngmt Bv reported 9,492 shares. Washington Fincl Bank accumulated 1,000 shares. Guggenheim Capital Limited Liability Corporation holds 289,306 shares. Michigan-based Comerica Bankshares has invested 0.02% in Equifax Inc. (NYSE:EFX). Poplar Forest Capital reported 31,581 shares. Price T Rowe Md reported 11.74M shares stake. Natl Pension Ser has 135,332 shares. Tarbox Family Office Incorporated reported 0% stake. Cibc Corp holds 0.02% of its portfolio in Equifax Inc. (NYSE:EFX) for 15,566 shares. Zeke Advsrs has 0.08% invested in Equifax Inc. (NYSE:EFX) for 7,129 shares. Dubuque National Bank & Trust & Tru has 0% invested in Equifax Inc. (NYSE:EFX). Levin Cap Strategies Lp accumulated 15,620 shares. Whittier Tru reported 1,000 shares or 0% of all its holdings. Maryland-based Brown Advisory has invested 0.01% in Equifax Inc. (NYSE:EFX). Profund Advsrs Limited holds 0.02% or 3,819 shares.

Since May 25, 2018, it had 1 insider purchase, and 0 selling transactions for $1.00 million activity.

The chart of Equifax Inc. (EFX) shows a double top with $131.89 target or 4.00 % above today’s $126.82 share price. The 9 months chart pattern indicates low risk for the $15.25 billion company. It was reported on Jul, 16 by Finviz.com. If the $131.89 price target is reached, the company will be worth $610.16M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.13% or $0.17 during the last trading session, reaching $126.82. About 249,444 shares traded. Equifax Inc. (NYSE:EFX) has declined 15.98% since July 16, 2017 and is downtrending. It has underperformed by 28.55% the S&P500.

Analysts await Equifax Inc. (NYSE:EFX) to report earnings on July, 25. They expect $1.54 earnings per share, down 3.75 % or $0.06 from last year’s $1.6 per share. EFX’s profit will be $185.23M for 20.59 P/E if the $1.54 EPS becomes a reality. After $1.43 actual earnings per share reported by Equifax Inc. for the previous quarter, Wall Street now forecasts 7.69 % EPS growth.

Equifax Inc. (NYSE:EFX) Ratings Coverage

Among 7 analysts covering Equifax (NYSE:EFX), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Equifax had 10 analyst reports since January 24, 2018 according to SRatingsIntel. The company was maintained on Monday, March 5 by Wells Fargo. The firm has “Equal-Weight” rating given on Monday, March 5 by Barclays Capital. On Friday, March 2 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock has “Buy” rating by Cowen & Co on Friday, March 9. The firm has “Equal-Weight” rating given on Wednesday, January 31 by Morgan Stanley. The firm has “Hold” rating by Stephens given on Wednesday, March 7. The stock of Equifax Inc. (NYSE:EFX) earned “Buy” rating by Cowen & Co on Friday, March 2. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, April 27. The stock of Equifax Inc. (NYSE:EFX) earned “Hold” rating by Stephens on Wednesday, January 24. The rating was initiated by Bank of America with “Sell” on Tuesday, April 10.

More news for Equifax Inc. (NYSE:EFX) were recently published by: Globenewswire.com, which released: “Credit fatigue may finally be settling in for Canadian consumers” on June 28, 2018. Seekingalpha.com‘s article titled: “Equifax: A Put Buyer Was Charged With Insider Trading Last Week – But Recent Trading Suggests A Reason To Be …” and published on July 02, 2018 is yet another important article.

Equifax Inc. provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company has market cap of $15.25 billion. The firm operates through four divisions: U.S. It has a 29.36 P/E ratio. Information Solutions , International, Workforce Solutions, and Global Consumer Solutions.

Equifax Inc. (NYSE:EFX) Institutional Positions Chart

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