Equifax (NYSE:EFX) Price Target Cut to $321.00 by Analysts at Wells Fargo & Company

Equifax (NYSE:EFX) had its price objective decreased by Wells Fargo & Company from $325.00 to $321.00 in a research report report published on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the credit services provider’s stock.

EFX has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their price target on Equifax from $304.00 to $283.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. Morgan Stanley raised Equifax from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $275.00 to $320.00 in a research note on Thursday, December 12th. UBS Group assumed coverage on Equifax in a report on Tuesday, October 1st. They issued a “buy” rating and a $360.00 target price for the company. Barclays increased their price target on Equifax from $300.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Finally, Robert W. Baird lifted their price objective on shares of Equifax from $290.00 to $333.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $309.47.

Equifax Trading Down 1.7 %

Shares of EFX stock opened at $243.97 on Friday. The stock has a 50-day moving average of $259.46 and a 200-day moving average of $272.34. 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 stock has a market cap of $30.24 billion, a price-to-earnings ratio of 54.22, a PEG ratio of 3.30 and a beta of 1.57. Equifax has a 1-year low of $213.02 and a 1-year high of $309.63.

Equifax (NYSE:EFX) last released its quarterly earnings results 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. Equifax had a net margin of 10.07% and a return on equity of 18.56%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business earned $1.76 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts forecast that Equifax will post 7.28 earnings per share for the current year.

Equifax Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.56 annualized dividend and a yield of 0.64%. Equifax’s payout ratio is 34.67%.

Insider Buying and Selling at Equifax

In related news, EVP John J. Kelley III sold 1,000 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $272.92, for a total transaction of $272,920.00. Following the transaction, the executive vice president now directly owns 11,269 shares in the company, valued at approximately $3,075,535.48. The trade was a 8.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lisa M. Nelson sold 551 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $260.39, for a total transaction of $143,474.89. Following the completion of the sale, the executive vice president now owns 11,697 shares of the company’s stock, valued at approximately $3,045,781.83. This trade represents a 4.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,855 shares of company stock worth $16,187,044. Insiders own 1.57% of the company’s stock.

Hedge Funds Weigh In On Equifax

Institutional investors have recently modified their holdings of the business. Susquehanna Fundamental Investments LLC purchased a new position in Equifax in the second quarter worth $15,646,000. Barclays PLC boosted its holdings in shares of Equifax by 2.8% in the 3rd quarter. Barclays PLC now owns 184,890 shares of the credit services provider’s stock worth $54,329,000 after buying an additional 5,097 shares during the last quarter. Royal London Asset Management Ltd. grew its position in Equifax by 3.9% during the second quarter. Royal London Asset Management Ltd. now owns 54,509 shares of the credit services provider’s stock valued at $13,216,000 after buying an additional 2,047 shares during the period. Dimensional Fund Advisors LP increased its holdings in Equifax by 16.3% during the second quarter. Dimensional Fund Advisors LP now owns 584,820 shares of the credit services provider’s stock worth $141,789,000 after buying an additional 81,966 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Equifax by 3.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,397 shares of the credit services provider’s stock worth $1,880,000 after acquiring an additional 231 shares during the period. 96.20% of the stock is owned by 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.