JPMorgan Chase & Co. Increases Equifax (NYSE:EFX) Price Target to $304.00

Equifax (NYSE:EFX) had its price objective boosted by stock analysts at JPMorgan Chase & Co. from $300.00 to $304.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the credit services provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 7.81% from the stock’s current price.

Several other analysts have also recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $350.00 target price on shares of Equifax in a research note on Friday. Morgan Stanley lifted their price objective on Equifax from $250.00 to $271.00 and gave the company an “equal weight” rating in a research report on Thursday, September 12th. Robert W. Baird lifted their price objective on Equifax from $260.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. BNP Paribas raised Equifax from an “underperform” rating to a “neutral” rating and set a $310.00 price objective on the stock in a research report on Thursday, September 19th. Finally, UBS Group initiated coverage on Equifax in a research report on Tuesday, October 1st. They set a “buy” rating and a $360.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $310.47.

Equifax Stock Up 0.6 %

EFX opened at $281.99 on Friday. The company has a market cap of $34.86 billion, a P/E ratio of 62.80, a P/E/G ratio of 2.00 and a beta of 1.58. The business’s 50-day moving average price is $294.95 and its 200-day moving average price is $263.00. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.01. Equifax has a 12 month low of $159.95 and a 12 month high of $309.63.

Equifax (NYSE:EFX) last released its quarterly earnings data on Wednesday, October 16th. The credit services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.84 by $0.01. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Equifax had a return on equity of 18.88% and a net margin of 10.67%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.76 earnings per share. On average, equities analysts expect that Equifax will post 7.36 EPS for the current year.

Insider Buying and Selling

In related news, EVP Carla Chaney sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Equifax

Hedge funds have recently added to or reduced their stakes in the company. Conning Inc. raised its stake in Equifax by 4.7% during the 2nd quarter. Conning Inc. now owns 848 shares of the credit services provider’s stock valued at $206,000 after buying an additional 38 shares during the last quarter. Intech Investment Management LLC raised its stake in Equifax by 1.2% during the 2nd quarter. Intech Investment Management LLC now owns 3,726 shares of the credit services provider’s stock valued at $903,000 after buying an additional 44 shares during the last quarter. Thompson Investment Management Inc. raised its stake in Equifax by 0.3% during the 2nd quarter. Thompson Investment Management Inc. now owns 15,464 shares of the credit services provider’s stock valued at $3,749,000 after buying an additional 45 shares during the last quarter. Ballentine Partners LLC raised its stake in Equifax by 5.1% during the 1st quarter. Ballentine Partners LLC now owns 1,038 shares of the credit services provider’s stock valued at $278,000 after buying an additional 50 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its position in shares of Equifax by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 125 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 54 shares during the period. 96.20% of the stock is currently owned by hedge funds and other 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.