Equifax (NYSE:EFX) Price Target Raised to $375.00

Equifax (NYSE:EFX) had its target price upped by Wells Fargo & Company from $340.00 to $375.00 in a research report released on Wednesday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the credit services provider’s stock.

A number of other research analysts have also weighed in on EFX. BNP Paribas raised shares of Equifax from an underperform rating to a neutral rating and set a $310.00 price target on the stock in a research report on Thursday, September 19th. Stifel Nicolaus raised their price target on shares of Equifax from $265.00 to $305.00 and gave the company a buy rating in a research report on Friday, July 19th. JPMorgan Chase & Co. raised their price target on shares of Equifax from $273.00 to $300.00 and gave the company an overweight rating in a research report on Friday, July 19th. Barclays raised their price target on shares of Equifax from $300.00 to $380.00 and gave the company an overweight rating in a research report on Friday, September 13th. Finally, Robert W. Baird raised their price objective on shares of Equifax from $260.00 to $290.00 and gave the stock an outperform rating in a report on Friday, July 19th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $306.95.

Equifax Stock Down 3.4 %

Equifax stock opened at $283.49 on Wednesday. Equifax has a 1-year low of $159.95 and a 1-year high of $309.63. The firm has a market capitalization of $35.04 billion, a price-to-earnings ratio of 63.14, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The firm’s fifty day moving average price is $293.45 and its two-hundred day moving average price is $261.22. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.01.

Equifax (NYSE:EFX) last released its quarterly earnings results on Wednesday, July 17th. The credit services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.09. Equifax had a net margin of 10.67% and a return on equity of 18.88%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the firm earned $1.71 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts predict that Equifax will post 7.33 earnings per share for the current fiscal year.

Equifax Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were given a $0.39 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.55%. Equifax’s dividend payout ratio (DPR) is currently 34.74%.

Insider Activity

In other Equifax news, EVP Carla Chaney sold 3,000 shares of Equifax stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $281.85, for a total transaction of $845,550.00. Following the completion of the sale, the executive vice president now directly owns 10,875 shares in the company, valued at $3,065,118.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On Equifax

Several hedge funds have recently bought and sold shares of EFX. EntryPoint Capital LLC bought a new stake in Equifax during the first quarter valued at approximately $30,000. Tortoise Investment Management LLC lifted 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 acquiring an additional 54 shares during the last quarter. Mascoma Wealth Management LLC bought a new stake in shares of Equifax in the 2nd quarter worth approximately $30,000. OFI Invest Asset Management bought a new stake in shares of Equifax in the 1st quarter worth approximately $31,000. Finally, Crewe Advisors LLC lifted its holdings 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 worth $32,000 after acquiring an additional 76 shares during the last quarter. 96.20% of the stock is currently 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.