Equifax (NYSE:EFX) PT Raised to $375.00

Equifax (NYSE:EFX) had its price target increased by analysts at Wells Fargo & Company from $340.00 to $375.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the credit services provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 28.62% from the stock’s current price.

Other analysts have also issued reports about the company. Needham & Company LLC lifted their price target on Equifax from $305.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Citigroup lifted their price target on Equifax from $263.00 to $304.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. UBS Group initiated coverage on Equifax in a report on Tuesday. They set a “buy” rating and a $360.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on Equifax from $273.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, BNP Paribas upgraded Equifax from an “underperform” rating to a “neutral” rating and set a $310.00 price target on the stock in a report on Thursday, September 19th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Equifax has a consensus rating of “Moderate Buy” and an average target price of $306.95.

Equifax Stock Up 0.4 %

Shares of EFX stock traded up $1.29 during trading hours on Wednesday, reaching $291.55. The company had a trading volume of 164,753 shares, compared to its average volume of 836,771. Equifax has a 12 month low of $159.95 and a 12 month high of $309.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.79 and a quick ratio of 0.79. The business has a fifty day simple moving average of $292.28 and a 200-day simple moving average of $260.76. The company has a market cap of $36.04 billion, a price-to-earnings ratio of 64.93, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

Equifax (NYSE:EFX) last posted its earnings results on Wednesday, July 17th. The credit services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.09. Equifax had a return on equity of 18.88% and a net margin of 10.67%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the company earned $1.71 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts expect that Equifax will post 7.33 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Carla Chaney sold 3,000 shares of Equifax stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $281.85, for a total value of $845,550.00. Following the completion of the transaction, the executive vice president now directly owns 10,875 shares in the company, valued at $3,065,118.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Equifax

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital International Investors grew its position in Equifax by 2.5% during the first quarter. Capital International Investors now owns 14,045,398 shares of the credit services provider’s stock worth $3,757,425,000 after buying an additional 342,170 shares in the last quarter. Vanguard Group Inc. raised its position in Equifax by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 14,033,448 shares of the credit services provider’s stock valued at $3,754,228,000 after purchasing an additional 137,961 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Equifax by 4.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,276,798 shares of the credit services provider’s stock valued at $1,036,952,000 after purchasing an additional 200,665 shares during the last quarter. Generation Investment Management LLP raised its position in Equifax by 8.4% during the 4th quarter. Generation Investment Management LLP now owns 3,856,248 shares of the credit services provider’s stock valued at $953,612,000 after purchasing an additional 298,846 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in Equifax by 2.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,044,561 shares of the credit services provider’s stock valued at $738,184,000 after purchasing an additional 70,091 shares during the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Equifax Company Profile

Equifax Inc operates as a data, analytics, and technology company. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers services that enables customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure, and sanctions of people in the United States; and employer customers with services that assist them in complying with and automating payroll-related and human resource management processes throughout the entire cycle of the employment relationship.