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Stock Charts AI Power Rank: 9.5
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
Equifax Inc (EFX)
Industry: Consulting Services
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, EFX has been trading in a range between $269.62 and $236.42 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
EFX is trading below resistance at $273.59, about 1% to the upside. There is support at $256.15 -6% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Equifax Inc $EFX entered a Green zone 18 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $205.71, a potential down side of -24.3% from the recent price of 271.74. The stock is trading 1.82% (potential upside) below its 52 week high of $276.69 and 70.74 % (potential downside) above its 52 week low of $159.15 - based on the recent price.
Company Summary
Equifax Inc operates as a data, analytics, and technology company. The company operates through three segments: Workforce Solutions, U.
News
| Equifax Introduces New Mortgage Verification Solution All Employers Within 90 Days™ Helps Lenders Enhance Their Loan Processes ATLANTA , July 25, 2024 /PRNewswire/ -- Equifax ® (NYSE: EFX) has launched a new solution, All Employers Within 90 DaysTM, in support of its commitment to providing an extensive set of verification solutions for the mortgage industry. Powered by The Work Number®, All Employers Within 90 DaysTM allows credentialed lenders to verify a borrower's income and employment information from the previous 90 days. Source: PRNewsWire Thu, 25 Jul 2024 07:45:00 -0400 Sentiment: Neutral |
| Equifax: Visible Path To Growth Sustaining At This Level Equifax reported strong 2Q24 results with revenue growth of 8.6% y/y, driven by growth in all segments and beating consensus estimates. I give a buy recommendation due to expected growth acceleration and positive catalysts like potential rate cuts and completion of cloud migration. Valuation of EFX seems attractive with potential for upside. Source: Seeking Alpha Tue, 23 Jul 2024 08:37:30 -0400 Sentiment: Positive |
| Investing in Equifax (EFX)? Don't Miss Assessing Its International Revenue Trends Explore how Equifax's (EFX) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects. Source: Zacks Investment Research Mon, 22 Jul 2024 10:16:01 -0400 Sentiment: Neutral |
| Equifax's solid Q2 leads to price target hikes by Goldman Sachs, Baird, and Needham: Should you buy? Equifax Inc. (NYSE: EFX) delivered a robust performance in its Q2 2024 earnings, surpassing expectations and igniting a flurry of optimistic reactions from financial analysts. Analysts at Goldman Sachs raised their target from $246 to $277, maintaining a ‘Neutral' stance. Source: Invezz Fri, 19 Jul 2024 09:29:59 -0400 Sentiment: Positive |
| Equifax: Adoption of Cloud, AI Technologies Drive Company's ‘Next Chapter' Equifax expects its transition to cloud and artificial intelligence (AI) technology to deliver cost savings and drive innovation in 2024 and beyond. Source: PYMNTS Thu, 18 Jul 2024 18:02:06 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 276.69 52 Week Low: 159.1534 Beta: 1.561 50 Day MA: 245.0208 200 Day MA: 235.3931 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.17 Qtr Revenue Growth YOY: 0.086 Forward PE: 31.348 Trailing PE: 58.1884