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

Equifax (NYSE:EFX) had its price target dropped by research analysts at Wells Fargo & Company from $375.00 to $350.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the credit services provider’s stock. Wells Fargo & Company‘s price target points to a potential upside of 23.20% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird lifted their price target on shares of Equifax from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Morgan Stanley lifted their price target on shares of Equifax from $250.00 to $271.00 and gave the company an “equal weight” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. lifted their price target on shares of Equifax from $273.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. UBS Group began coverage on shares of Equifax in a research note on Tuesday, October 1st. They issued a “buy” rating and a $360.00 price target on the stock. Finally, Stifel Nicolaus raised their price objective on Equifax from $265.00 to $305.00 and gave the company a “buy” rating in a report on Friday, July 19th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $308.00.

Equifax Stock Performance

Shares of NYSE EFX traded up $3.78 during midday trading on Friday, reaching $284.08. 131,732 shares of the stock were exchanged, compared to its average volume of 843,023. The firm has a market cap of $35.12 billion, a price-to-earnings ratio of 63.27, a PEG ratio of 2.00 and a beta of 1.58. Equifax has a twelve month low of $159.95 and a twelve month high of $309.63. The firm has a 50-day simple moving average of $294.88 and a two-hundred day simple moving average of $262.80. 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 issued its quarterly earnings data on Wednesday, October 16th. The credit services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. Equifax had a net margin of 10.67% and a return on equity of 18.88%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the company earned $1.76 EPS. The business’s revenue was up 9.3% on a year-over-year basis. As a group, analysts anticipate that Equifax will post 7.36 EPS for the current fiscal year.

Insider Activity

In other news, EVP Carla Chaney sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $281.85, for a total value of $845,550.00. Following the sale, the executive vice president now directly owns 10,875 shares in the company, valued at $3,065,118.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.57% of the company’s stock.

Institutional Trading of Equifax

Several institutional investors and hedge funds have recently made changes to their positions in EFX. EntryPoint Capital LLC purchased a new position in Equifax during the first quarter worth about $30,000. Tortoise Investment Management LLC raised its holdings in shares of 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 period. Mascoma Wealth Management LLC purchased a new position in shares of Equifax in the 2nd quarter worth about $30,000. OFI Invest Asset Management acquired a new position in shares of Equifax in the 1st quarter valued at about $31,000. Finally, Crewe Advisors LLC lifted its stake in shares of Equifax by 138.2% in the 2nd quarter. Crewe Advisors LLC now owns 131 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 76 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Equifax Company Profile

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.