Equifax (NYSE:EFX) Price Target Cut to $279.00 by Analysts at Oppenheimer

Equifax (NYSE:EFX) had its target price reduced by equities researchers at Oppenheimer from $286.00 to $279.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the credit services provider’s stock. Oppenheimer’s price target indicates a potential upside of 13.32% from the stock’s previous close.

Several other brokerages also recently weighed in on EFX. William Blair restated an “outperform” rating on shares of Equifax in a research note on Friday. Needham & Company LLC dropped their target price on Equifax from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday. Wolfe Research downgraded Equifax from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 12th. Morgan Stanley dropped their price target on Equifax from $320.00 to $316.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Finally, Stifel Nicolaus dropped their price target on Equifax from $284.00 to $281.00 and set a “buy” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Equifax has a consensus rating of “Moderate Buy” and an average target price of $303.94.

Equifax Stock Down 0.5 %

Shares of EFX traded down $1.29 during trading hours on Friday, hitting $246.20. The company had a trading volume of 541,067 shares, compared to its average volume of 1,006,199. The company has a market capitalization of $30.52 billion, a PE ratio of 54.74, a price-to-earnings-growth ratio of 2.84 and a beta of 1.58. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Equifax has a one year low of $213.02 and a one year high of $309.63. The company’s fifty day moving average price is $261.38 and its two-hundred day moving average price is $274.90.

Equifax (NYSE:EFX) last released its quarterly earnings results on Thursday, February 6th. The credit services provider reported $2.12 EPS for the quarter, hitting the consensus estimate of $2.12. Equifax had a return on equity of 18.56% and a net margin of 10.07%. As a group, equities analysts forecast that Equifax will post 7.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Lisa M. Nelson sold 551 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $260.39, for a total value of $143,474.89. Following the completion of the transaction, the executive vice president now owns 11,697 shares of the company’s stock, valued at approximately $3,045,781.83. This represents a 4.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.66% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Equifax

A number of large investors have recently bought and sold shares of the business. Barclays PLC raised its holdings in shares of Equifax by 2.8% during the third quarter. Barclays PLC now owns 184,890 shares of the credit services provider’s stock valued at $54,329,000 after acquiring an additional 5,097 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Equifax by 3.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,397 shares of the credit services provider’s stock valued at $1,880,000 after acquiring an additional 231 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Equifax by 84.1% during the third quarter. Intech Investment Management LLC now owns 6,861 shares of the credit services provider’s stock valued at $2,016,000 after acquiring an additional 3,135 shares during the last quarter. NS Partners Ltd raised its holdings in shares of Equifax by 2.3% during the third quarter. NS Partners Ltd now owns 95,010 shares of the credit services provider’s stock valued at $27,920,000 after acquiring an additional 2,094 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Equifax during the third quarter valued at approximately $786,000. 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.