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Equifax Inc. (NYSE: EFX) Shares Are Set To Rise By 2022

Equifax Inc. (NYSE:EFX) shares, rose in value on Friday, 05/13/22, with the stock price up by 2.87% to the previous day’s close as strong demand from buyers drove the stock to $198.19.

Actively observing the price movement in the last trading, the stock closed the session at $192.66, falling within a range of $194.40 and $198.71. The value of beta (5-year monthly) was 1.43 whereas the PE ratio was 32.05 over 12-month period. Referring to stock’s 52-week performance, its high was $300.11, and the low was $188.90. On the whole, EFX has fluctuated by -7.82% over the past month.

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With the market capitalization of Equifax Inc. currently standing at about $24.62 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 19, 2022 – Apr 25, 2022. The company’s Forward Dividend Ratio is 1.56, with its dividend yield at 0.79%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.8, which is expected to increase to $2.34 for fiscal year $7.6 and then to about $8.8 by fiscal year 2022. Data indicates that the EPS growth is expected to be 9.00% in 2022, while the next year’s EPS growth is forecast to be 15.80%.

Analysts have estimated the company’s revenue for the quarter at $1.25 billion, with a low estimate of $1.23 billion and a high estimate of $1.26 billion. According to the average forecast, sales growth in current quarter could jump up 11.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $4.92 billion, representing an increase of 19.20% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that EFX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 2.31, with the price of EFX currently trading nearly -3.97% and -10.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.56, while the 7-day volatility ratio is showing 3.36% which for the 30-day chart, stands at 3.47%. Furthermore, Equifax Inc. (EFX)’s beta value is 1.50, and its average true range (ATR) is 7.14.

A comparison of Equifax Inc. (EFX) with its peers suggests the former has fared considerably weaker in the market. EFX showed an intraday change of 2.87% in last session, and over the past year, it shrunk by -17.22%%. In comparison, S&P Global Inc. (SPGI) has moved higher at 2.18% on the day and was down -11.16% over the past 12 months. On the other hand, the price of Moody’s Corporation (MCO) has risen 1.18% on the day. The stock, however, is off -13.50% from where it was a year ago. Additionally, there is a gain of 5.58% for Fortinet Inc. (FTNT) in last trading while the stock has seen an overall depriciation of 36.77%% over the past year. The PE ratio stands at 32.05 for Equifax Inc., compared to 24.31 for S&P Global Inc., and 27.38 for Moody’s Corporation. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 2.39%. Meanwhile, the Dow Jones Industrial Improved by 1.47%.

Data on historical trading for Equifax Inc. (NYSE:EFX) indicates that the trading volumes over the past 3 months, they’ve averaged 1.18 million. According to company’s latest data on outstanding shares, there are 122.20 million shares outstanding.

Nearly 0.30% of Equifax Inc.’s shares belong to company insiders and institutional investors own 93.80% of the company’s shares. The stock has fallen by -32.31% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EFX stock heading into the next quarter.

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