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Equifax, and Watsco Gain Expectation in Long-Term Investment

24 July 2020

Despite some correction in the U.S. stock market, where the S&P 500 broad market index that measures the stock performance of large companies listed on stock exchanges in the United States slid by 1.2% on Thursday, and the Nasdaq Composite fell almost by 2.3%, and some fundamental negative background, there are some companies in the U.S. stock market that perform well and are expected to grow. Equifax Inc and Watsco Inc are promising stocks for long-team investment.   

Equifax Inc., NYSE: EFX was founded by Cator and Guy Woolford as Retail Credit Company in 1899. It provides information solutions and human resources business process outsourcing services for businesses, governments, consumers and marketing information regarding individuals and businesses. Equifax Inc has a market cap of $20.19 billion reported recently strongest financial results in the last ten years. The revenue went up by 12% to $982.8 million in the second quarter of 2020 that ended June 30 with. Moreover, second quarter diluted EPS attributable to Equifax was $0.78, up compared to $0.55 in the second quarter of 2019. Equifax Inc closed at $176.64 with a profit of $8.63 (+5.14%). According to the forecast analyst of EFX stock, growth is expected about 24.6% with the target price of $200. For the forecast analysis, long-term investment of 5 years Equifax Inc is expected to reach the target of $ 226.272.

Watsco Inc, NYSE: WSO, was Founded on 1956. WSO distributes air conditioning, heating, and refrigeration equipment, as well as related parts and supplies. The company also provides parts comprising replacement compressors, and other ancillary supplies. The company operates in many countries inducing United States, Canada, Mexico, and Puerto Rico. The market cap of Watsco Inc is $ 7.55 billion. The revenue reported by WSO for the first quarter ended March 31 went up by 8.26% year-over-year to $1.008 billion that ended Mar 30, 2020, with a gross profit of $0.248 billion, a 5.93% increase year-over-year. Watsco Inc closed at $230 with a gain of $32.76 (+16.61%). The 25 analysts offering 12-month price forecasts for WSO have a high estimate target of $371.042. For the long-term 5-year investment, Watsco Inc is expected to hit the target price of $1263.131. 


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Everything posted herein is the Personal Opinion of the Author(s) and does not represent a statement made by TeleTrade. TeleTrade is providing this for informational purposes.

Hussain Shabbir

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