Wells Fargo & Company Lowers Equifax (NYSE:EFX) Price Target to $350.00

Equifax (NYSE:EFX) had its target price decreased by equities research analysts at Wells Fargo & Company from $375.00 to $350.00 in a report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the credit services provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 24.12% from the company’s previous close.

Several other research analysts have also recently issued reports on EFX. Oppenheimer raised their price objective on Equifax from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. increased their target price on Equifax from $273.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Morgan Stanley raised their price target on shares of Equifax from $250.00 to $271.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 12th. Barclays boosted their price objective on Equifax from $300.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Finally, Bank of America raised their price target on shares of Equifax from $255.00 to $286.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Equifax currently has an average rating of “Moderate Buy” and a consensus target price of $310.47.

Equifax Price Performance

NYSE:EFX opened at $281.99 on Friday. Equifax has a 1 year low of $159.95 and a 1 year high of $309.63. The business has a 50 day simple moving average of $294.95 and a 200-day simple moving average of $263.00. The firm has a market capitalization of $34.86 billion, a price-to-earnings ratio of 62.80, a PEG ratio of 2.00 and a beta of 1.58. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.79 and a quick ratio of 0.79.

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

Insider Transactions at Equifax

In other Equifax news, EVP Carla Chaney sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was 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 represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.57% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Equifax

A number of institutional investors and hedge funds have recently bought and sold shares of EFX. EntryPoint Capital LLC bought a new stake in Equifax in the first quarter valued at $30,000. Tortoise Investment Management LLC raised its position in Equifax by 76.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 125 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 54 shares during the last quarter. Mascoma Wealth Management LLC bought a new stake in shares of Equifax during the second quarter worth $30,000. OFI Invest Asset Management acquired a new position in Equifax during the 1st quarter valued at about $31,000. Finally, Crewe Advisors LLC raised its position in shares of Equifax by 138.2% during the 2nd quarter. Crewe Advisors LLC now owns 131 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 76 shares during the last quarter. 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.