Equifax (NYSE:EFX) PT Raised to $375.00

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

Several other brokerages also recently commented on EFX. Stifel Nicolaus increased their target price on Equifax from $265.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, July 19th. BNP Paribas upgraded Equifax from an “underperform” rating to a “neutral” rating and set a $310.00 target price on the stock in a research note on Thursday, September 19th. Barclays increased their price target on Equifax from $300.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, September 13th. JPMorgan Chase & Co. increased their price target on Equifax from $273.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, Citigroup increased their price target on Equifax from $263.00 to $304.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Equifax has an average rating of “Moderate Buy” and an average target price of $306.95.

Equifax Stock Up 0.4 %

Shares of Equifax stock traded up $1.29 during midday trading on Wednesday, hitting $291.55. The company had a trading volume of 164,753 shares, compared to its average volume of 836,771. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $36.04 billion, a P/E ratio of 64.93, a P/E/G ratio of 2.12 and a beta of 1.58. The company has a 50 day moving average of $292.28 and a 200 day moving average of $260.76. Equifax has a 52-week low of $159.95 and a 52-week high of $309.63.

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

Insider Buying and Selling at Equifax

In other Equifax news, EVP Carla Chaney sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $281.85, for a total transaction of $845,550.00. Following the sale, the executive vice president now directly owns 10,875 shares of the company’s stock, valued at $3,065,118.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.57% of the company’s stock.

Institutional Investors Weigh In On Equifax

Institutional investors and hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Equifax by 1.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 292,914 shares of the credit services provider’s stock valued at $78,360,000 after acquiring an additional 3,164 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Equifax during the fourth quarter valued at about $917,000. Bridgefront Capital LLC purchased a new position in shares of Equifax during the fourth quarter valued at about $1,274,000. Novak & Powell Financial Services Inc. purchased a new position in shares of Equifax during the fourth quarter valued at about $972,000. Finally, Brookstone Capital Management grew its position in shares of Equifax by 8.5% during the second quarter. Brookstone Capital Management now owns 26,675 shares of the credit services provider’s stock valued at $6,916,000 after purchasing an additional 2,085 shares in the last quarter. 96.20% of the stock is owned by institutional investors.

About Equifax

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.