Equifax (NYSE:EFX) Price Target Cut to $350.00 by Analysts at Wells Fargo & Company

Equifax (NYSE:EFX) had its price objective cut by Wells Fargo & Company from $375.00 to $350.00 in a report published on Friday morning, Benzinga reports. They currently have an overweight rating on the credit services provider’s stock.

Several other analysts have also commented on the company. Bank of America raised their target price on Equifax from $255.00 to $286.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. BNP Paribas raised shares of Equifax from an “underperform” rating to a “neutral” rating and set a $310.00 price objective on the stock in a research note on Thursday, September 19th. The Goldman Sachs Group boosted their target price on shares of Equifax from $277.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Morgan Stanley raised their price target on shares of Equifax from $250.00 to $271.00 and gave the company an “equal weight” rating in a research report on Thursday, September 12th. Finally, UBS Group started coverage on shares of Equifax in a report on Tuesday, October 1st. They issued a “buy” rating and a $360.00 price objective for the company. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $310.47.

Equifax Trading Down 2.2 %

Equifax stock opened at $275.76 on Friday. The stock has a 50-day moving average price of $294.95 and a 200 day moving average price of $263.04. The company has a market capitalization of $34.09 billion, a price-to-earnings ratio of 61.10, a price-to-earnings-growth ratio of 2.00 and a beta of 1.58. Equifax has a 52 week low of $159.95 and a 52 week high of $309.63. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.01.

Equifax (NYSE:EFX) last announced its quarterly earnings data on Wednesday, October 16th. The credit services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.84 by $0.01. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Equifax had a net margin of 10.67% and a return on equity of 18.88%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.76 EPS. Sell-side analysts anticipate that Equifax will post 7.36 EPS for the current year.

Equifax Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Tuesday, September 3rd. Equifax’s dividend payout ratio is currently 34.74%.

Insider Activity at Equifax

In other Equifax news, EVP Carla Chaney sold 3,000 shares of the firm’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 transaction, the executive vice president now directly owns 10,875 shares of the company’s stock, valued at $3,065,118.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC increased its position in Equifax by 34.8% during the third quarter. Sequoia Financial Advisors LLC now owns 1,454 shares of the credit services provider’s stock worth $427,000 after purchasing an additional 375 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Equifax by 154.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 756 shares of the credit services provider’s stock valued at $222,000 after purchasing an additional 459 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Equifax in the 3rd quarter valued at approximately $408,000. Wealth Advisory Solutions LLC acquired a new stake in shares of Equifax during the 3rd quarter worth approximately $344,000. Finally, Arlington Partners LLC raised its position in shares of Equifax by 6.4% during the 3rd quarter. Arlington Partners LLC now owns 14,233 shares of the credit services provider’s stock valued at $4,183,000 after buying an additional 854 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

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.