Equifax (NYSE:EFX) Given New $250.00 Price Target at Credit Suisse Group

Equifax (NYSE:EFXGet Rating) had its price target lowered by Credit Suisse Group from $285.00 to $250.00 in a research note released on Friday, Benzinga reports. The firm currently has an outperform rating on the credit services provider’s stock.

Several other brokerages have also recently weighed in on EFX. Truist Financial upgraded Equifax from a hold rating to a buy rating and set a $280.00 target price on the stock in a report on Thursday, January 27th. TheStreet downgraded shares of Equifax from a b rating to a c+ rating in a research report on Friday, February 11th. Barclays dropped their target price on Equifax from $300.00 to $250.00 in a research report on Friday. StockNews.com initiated coverage on Equifax in a research note on Thursday, March 31st. They issued a hold rating for the company. Finally, Bank of America initiated coverage on Equifax in a research report on Friday, March 11th. They set a neutral rating for the company. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Buy and a consensus target price of $262.38.

NYSE:EFX opened at $202.95 on Friday. The company has a market cap of $24.94 billion, a price-to-earnings ratio of 33.66, a price-to-earnings-growth ratio of 1.64 and a beta of 1.50. Equifax has a twelve month low of $202.94 and a twelve month high of $300.11. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.24. The stock has a fifty day simple moving average of $225.45 and a 200-day simple moving average of $253.82.

Equifax (NYSE:EFXGet Rating) last issued its quarterly earnings data on Wednesday, April 20th. The credit services provider reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.08. Equifax had a return on equity of 26.95% and a net margin of 15.11%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the business posted $1.97 EPS. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, equities research analysts predict that Equifax will post 8.74 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, February 22nd were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Friday, February 18th. Equifax’s payout ratio is 25.87%.

In other Equifax news, insider Sid Singh sold 19,222 shares of Equifax stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $215.93, for a total transaction of $4,150,606.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.57% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its stake in Equifax by 0.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,718,478 shares of the credit services provider’s stock valued at $3,138,263,000 after buying an additional 44,203 shares during the period. BlackRock Inc. lifted its holdings in shares of Equifax by 0.4% during the 4th quarter. BlackRock Inc. now owns 9,468,423 shares of the credit services provider’s stock valued at $2,772,260,000 after buying an additional 33,443 shares during the last quarter. State Street Corp increased its holdings in Equifax by 1.6% in the fourth quarter. State Street Corp now owns 4,934,609 shares of the credit services provider’s stock worth $1,444,804,000 after buying an additional 77,697 shares during the last quarter. JPMorgan Chase & Co. raised its position in Equifax by 131.6% during the fourth quarter. JPMorgan Chase & Co. now owns 3,112,175 shares of the credit services provider’s stock valued at $911,215,000 after acquiring an additional 1,768,646 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Equifax by 21.2% in the fourth quarter. Invesco Ltd. now owns 3,065,551 shares of the credit services provider’s stock valued at $897,562,000 after acquiring an additional 536,419 shares during the last quarter. 91.48% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading

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