Morgan Stanley Cuts Equifax (NYSE:EFX) Price Target to $316.00

Equifax (NYSE:EFX) had its price objective reduced by equities research analysts at Morgan Stanley from $320.00 to $316.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the credit services provider’s stock. Morgan Stanley’s target price indicates a potential upside of 16.46% from the company’s current price.

A number of other analysts have also issued reports on the stock. UBS Group initiated coverage on shares of Equifax in a research note on Tuesday, October 1st. They set a “buy” rating and a $360.00 target price for the company. Wells Fargo & Company lowered their price objective on shares of Equifax from $325.00 to $321.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. BNP Paribas raised shares of Equifax from a “neutral” rating to an “outperform” rating and set a $305.00 price objective for the company in a research note on Monday, December 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $350.00 price objective on shares of Equifax in a research note on Monday, October 28th. Finally, Stifel Nicolaus lowered their price objective on shares of Equifax from $305.00 to $284.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Equifax presently has an average rating of “Moderate Buy” and a consensus price target of $310.88.

Equifax Stock Down 0.7 %

Shares of EFX opened at $271.33 on Tuesday. The firm has a market capitalization of $33.63 billion, a P/E ratio of 60.29, a P/E/G ratio of 2.80 and a beta of 1.57. Equifax has a 12-month low of $213.02 and a 12-month high of $309.63. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm has a fifty day moving average price of $260.31 and a 200-day moving average price of $274.73.

Insider Activity

In related news, EVP Lisa M. Nelson sold 551 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $260.39, for a total value of $143,474.89. Following the transaction, the executive vice president now owns 11,697 shares in the company, valued at approximately $3,045,781.83. This represents a 4.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.66% of the company’s stock.

Hedge Funds Weigh In On Equifax

Several hedge funds and other institutional investors have recently bought and sold shares of EFX. McClarren Financial Advisors Inc. acquired a new position in Equifax in the 4th quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in Equifax in the 3rd quarter worth approximately $29,000. Central Pacific Bank Trust Division acquired a new position in Equifax in the 4th quarter worth approximately $35,000. Spire Wealth Management increased its holdings in Equifax by 98.7% in the 4th quarter. Spire Wealth Management now owns 151 shares of the credit services provider’s stock worth $38,000 after buying an additional 75 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in Equifax in the 3rd quarter worth approximately $48,000. Institutional investors and hedge funds 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.