William Blair analyst Andrew Nicholas has maintained their bullish stance on EFX stock, giving a Buy rating yesterday.
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Andrew Nicholas has given his Buy rating due to a combination of factors including Equifax’s strong third-quarter performance, which exceeded expectations. The company’s revenue surpassed both the internal model and the high end of management’s guidance, driven by strength in the USIS and EWS segments, although slightly offset by the International segment. This revenue outperformance supported higher-than-expected adjusted EBITDA and margins, as well as an adjusted EPS that exceeded both the model and management’s guidance.
Furthermore, the mortgage business showed significant growth, outperforming the market despite a decline in hard inquiries. The company’s guidance for the fourth quarter also indicated organic growth above expectations, although adjusted EBITDA margins and EPS were slightly below the model. The overall positive third-quarter results and the raised full-year outlook on both the top and bottom lines contributed to the Buy rating, with a focus on management’s commentary on future guidance and market trends.
Nicholas covers the Industrials sector, focusing on stocks such as Equifax, CBIZ, and Huron Consulting. According to TipRanks, Nicholas has an average return of -7.7% and a 23.21% success rate on recommended stocks.
In another report released yesterday, Needham also maintained a Buy rating on the stock with a $295.00 price target.