Equifax (NYSE:EFX) PT Raised to $230.00

Equifax (NYSE:EFXGet Rating) had its price target boosted by equities researchers at Needham & Company LLC from $190.00 to $230.00 in a report released on Monday, The Fly reports. The brokerage presently has a “buy” rating on the credit services provider’s stock. Needham & Company LLC’s price target indicates a potential upside of 11.06% from the company’s current price.

Several other research firms have also recently weighed in on EFX. Robert W. Baird lowered their price target on Equifax from $211.00 to $199.00 in a report on Friday, October 21st. The Goldman Sachs Group reduced their price objective on Equifax from $215.00 to $187.00 and set a “neutral” rating on the stock in a research report on Friday, October 21st. Barclays reduced their price objective on Equifax from $230.00 to $225.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 4th. Morgan Stanley reduced their price objective on Equifax from $212.00 to $192.00 and set an “equal weight” rating on the stock in a research report on Friday, October 21st. Finally, Truist Financial reduced their price objective on Equifax from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $214.00.

Equifax Stock Performance

Shares of EFX opened at $207.10 on Monday. The stock’s 50-day simple moving average is $173.91 and its 200 day simple moving average is $188.68. The stock has a market capitalization of $25.36 billion, a price-to-earnings ratio of 35.95, a price-to-earnings-growth ratio of 1.96 and a beta of 1.43. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.64 and a current ratio of 0.64. Equifax has a 52-week low of $145.98 and a 52-week high of $300.11.

Equifax (NYSE:EFXGet Rating) last released its quarterly earnings results on Wednesday, October 19th. The credit services provider reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.10. Equifax had a return on equity of 25.88% and a net margin of 13.72%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the firm posted $1.85 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. Research analysts forecast that Equifax will post 7.53 EPS for the current fiscal year.

Insider Transactions at Equifax

In other Equifax news, Director Melissa D. Smith acquired 672 shares of the business’s stock in a transaction dated Friday, October 21st. The shares were purchased at an average cost of $148.69 per share, for a total transaction of $99,919.68. Following the transaction, the director now owns 3,474 shares in the company, valued at $516,549.06. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Melissa D. Smith bought 672 shares of the stock in a transaction dated Friday, October 21st. The stock was bought at an average price of $148.69 per share, for a total transaction of $99,919.68. Following the purchase, the director now directly owns 3,474 shares in the company, valued at approximately $516,549.06. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John W. Gamble, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $165.52, for a total value of $2,482,800.00. Following the completion of the transaction, the chief financial officer now owns 46,073 shares of the company’s stock, valued at approximately $7,626,002.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,100 shares of company stock worth $5,146,968. 1.57% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in Equifax by 10.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 11,808,841 shares of the credit services provider’s stock valued at $2,799,876,000 after buying an additional 1,090,363 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Equifax by 29.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,160,261 shares of the credit services provider’s stock valued at $760,413,000 after buying an additional 949,408 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Equifax by 1,392.1% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,003,501 shares of the credit services provider’s stock valued at $172,030,000 after buying an additional 936,245 shares during the last quarter. Harris Associates L P raised its stake in Equifax by 1,169.5% during the first quarter. Harris Associates L P now owns 1,004,399 shares of the credit services provider’s stock valued at $238,143,000 after buying an additional 925,280 shares during the last quarter. Finally, FMR LLC raised its stake in Equifax by 14.2% during the second quarter. FMR LLC now owns 4,650,733 shares of the credit services provider’s stock valued at $850,060,000 after buying an additional 579,519 shares during the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.

About Equifax

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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.

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