Equifax (NYSE:EFX) Price Target Cut to $244.00 by Analysts at Royal Bank of Canada

Equifax (NYSE:EFX – Get Rating) had its target price dropped by analysts at Royal Bank of Canada from $300.00 to $244.00 in a research note issued to investors on Thursday, The Fly reports. Royal Bank of Canada’s price objective would suggest a potential upside of 10.20% from the company’s current price.

A number of other research firms have also recently commented on EFX. StockNews.com initiated coverage on Equifax in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Truist Financial upgraded Equifax from a “hold” rating to a “buy” rating and set a $280.00 price target on the stock in a research report on Thursday, January 27th. Barclays dropped their price target on Equifax from $330.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, March 17th. Zacks Investment Research upgraded Equifax from a “sell” rating to a “hold” rating and set a $246.00 price target on the stock in a research report on Friday, February 11th. Finally, Morgan Stanley dropped their price target on Equifax from $296.00 to $274.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 16th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $279.75.

EFX opened at $221.41 on Thursday. The business’s 50-day simple moving average is $225.45 and its 200-day simple moving average is $253.82. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.49 and a current ratio of 0.49. Equifax has a one year low of $191.70 and a one year high of $300.11. The stock has a market capitalization of $27.21 billion, a P/E ratio of 36.72, a price-to-earnings-growth ratio of 1.64 and a beta of 1.50.

Equifax (NYSE:EFX – Get Rating) last posted its earnings results on Wednesday, April 20th. The credit services provider reported $2.22 EPS for the quarter, topping the Zacks’ consensus estimate of $2.14 by $0.08. Equifax had a return on equity of 26.95% and a net margin of 15.11%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the firm earned $1.97 earnings per share. The business’s revenue was up 12.4% compared to the same quarter last year. On average, equities research analysts forecast that Equifax will post 8.74 EPS for the current fiscal year.

In other news, insider Sid Singh sold 19,222 shares of the business’s stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $215.93, for a total transaction of $4,150,606.46. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.57% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Eaton Vance Management boosted its stake in shares of Equifax by 11.6% during the 3rd quarter. Eaton Vance Management now owns 77,311 shares of the credit services provider’s stock worth $19,251,000 after acquiring an additional 8,044 shares in the last quarter. Sit Investment Associates Inc. lifted its stake in Equifax by 644.1% in the 3rd quarter. Sit Investment Associates Inc. now owns 9,450 shares of the credit services provider’s stock valued at $2,395,000 after buying an additional 8,180 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Equifax by 46.9% in the 3rd quarter. Squarepoint Ops LLC now owns 19,202 shares of the credit services provider’s stock valued at $4,866,000 after buying an additional 6,134 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in Equifax by 18.1% in the 4th quarter. Wealthfront Advisers LLC now owns 3,687 shares of the credit services provider’s stock valued at $1,080,000 after buying an additional 564 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in Equifax by 0.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 16,132 shares of the credit services provider’s stock valued at $4,723,000 after buying an additional 85 shares in the last quarter. 91.48% of the stock is currently owned by institutional investors and hedge funds.

Equifax Company Profile (Get Rating)

Equifax Inc provides information solutions and human resources business process automation outsourcing services for businesses, governments, and consumers. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers employment, income, criminal history, and social security number verification services, as well as payroll-based transaction, employment tax management, and identity theft protection products.

Recommended Stories