Equifax Stock Rockets Ahead of Market on Bullish Trading Day
April 1, 2023
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Equifax Inc ($NYSE:EFX). has seen a surge in its stock price on a bullish trading day. The Atlanta-based credit reporting agency’s stock rose significantly higher than the overall market, making it one of the best-performing stocks of the day. Equifax Inc. is a consumer credit reporting agency that provides consumer credit reports and related services to businesses and individual consumers. Its services include credit monitoring, identity theft protection and business credit score analysis.
The company is also known for providing consumer credit information to a variety of companies that use it for marketing, risk management and other purposes. With its strong performance on the trading day, Equifax Inc.’s stock is proving to be a strong investment for those interested in taking advantage of the current bullish trend in the market.
Market Price
The stock opened at $199.8 and quickly rose to close at $197.6, indicating a positive outlook for the company. The bullish trading signals a strong faith in the company’s future outlook, as investors show their confidence in EQUIFAX INC. This surge in stock prices is seen as an indication of the bullish sentiment of investors and could point to further gains for the company in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Equifax Inc. More…
| Total Revenues | Net Income | Net Margin |
| 5.12k | 696.2 | 13.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Equifax Inc. More…
| Operations | Investing | Financing |
| 757.1 | -959.5 | 273.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Equifax Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.55k | 7.57k | 30.71 |
Key Ratios Snapshot
Some of the financial key ratios for Equifax Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.5% | 36.4% | 21.7% |
| FCF Margin | ROE | ROA |
| 2.6% | 18.0% | 6.0% |
Analysis
GoodWhale has conducted an analysis of EQUIFAX INC’s wellbeing and determined that it is a high-risk investment based on our Risk Rating. This rating takes into account both financial and business aspects. When we looked further into the details of the financials, we detected three risk warnings in EQUIFAX INC’s income sheet, balance sheet, and non-financials. You can become a registered user to see the details of these warnings. It’s important to be aware of these potential risks before investing in EQUIFAX INC. More…
Peers
Equifax Inc. is a credit reporting agency. Its main competitors are TransUnion, Mills Music Trust, and Experian PLC. All three companies compete for credit report customers and business from creditors.
– TransUnion ($NYSE:TRU)
TransUnion is a credit reporting company. It compiles credit information on consumers and businesses, which is used by lenders to make credit decisions. The company also provides other services such as fraud detection, identity theft protection, and credit counseling. TransUnion has a market cap of 10.77B as of 2022, and a Return on Equity of 8.48%.
– Mills Music Trust ($OTCPK:MMTRS)
Mills Music Trust is a publicly traded music royalty company. The company owns the rights to a large catalog of music, which it licenses to businesses and individuals for use in their products and services. Mills Music Trust has a market cap of 10.14M as of 2022. The company generates revenue by licensing its music to businesses and individuals for use in their products and services.
– Experian PLC ($LSE:EXPN)
As of 2022, Experian PLC has a market cap of 24.89B and a Return on Equity of 34.45%. The company is a global information services company that provides data and analytical tools to its clients. Experian helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making.
Summary
EQUIFAX Inc. (NYSE: EFX) showed strong gains in trading on a strong day for the market. Analysts have suggested that the company’s expansion into new markets and its focus on customer service have allowed it to remain competitive, despite the challenging environment caused by the pandemic.
The company has also seen success in its investments in new technology, as well as its strategic acquisitions, both of which have helped to drive earnings growth. Equifax Inc. appears to be well-positioned for further growth in the coming quarters.
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