UBS Group Cuts Equifax (NYSE:EFX) Price Target to $310.00

Equifax (NYSE:EFX) had its price objective cut by equities research analysts at UBS Group from $335.00 to $310.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the credit services provider’s stock. UBS Group’s price target points to a potential upside of 25.43% from the stock’s previous close.

A number of other research firms have also recently issued reports on EFX. Morgan Stanley cut their target price on Equifax from $320.00 to $316.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. BNP Paribas raised Equifax from a “neutral” rating to an “outperform” rating and set a $305.00 target price for the company in a report on Monday, December 16th. Oppenheimer decreased their target price on Equifax from $315.00 to $286.00 and set an “outperform” rating for the company in a research report on Tuesday, November 19th. Stifel Nicolaus reduced their target price 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. Finally, Wolfe Research cut Equifax from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $304.35.

Equifax Stock Performance

Shares of EFX stock traded down $0.32 during mid-day trading on Friday, hitting $247.16. 292,232 shares of the stock were exchanged, compared to its average volume of 993,892. The stock has a market capitalization of $30.64 billion, a price-to-earnings ratio of 54.79, a P/E/G ratio of 2.84 and a beta of 1.58. Equifax has a 12-month low of $213.02 and a 12-month high of $309.63. The stock’s fifty day simple moving average is $261.38 and its two-hundred day simple moving average is $274.90. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

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

Insider Activity at Equifax

In other Equifax news, EVP Lisa M. Nelson sold 551 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 directly owns 11,697 shares in the company, valued at approximately $3,045,781.83. The trade was a 4.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.66% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Equifax

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp grew its position in shares of Equifax by 1.1% in the 3rd quarter. State Street Corp now owns 4,816,186 shares of the credit services provider’s stock valued at $1,415,284,000 after buying an additional 52,489 shares during the last quarter. FMR LLC grew its holdings in shares of Equifax by 37.4% in the 3rd quarter. FMR LLC now owns 3,233,744 shares of the credit services provider’s stock worth $950,268,000 after acquiring an additional 880,162 shares during the period. Geode Capital Management LLC boosted its position in shares of Equifax by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,885,661 shares of the credit services provider’s stock worth $845,041,000 after buying an additional 29,742 shares in the last quarter. Cantillon Capital Management LLC increased its stake in shares of Equifax by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 1,835,102 shares of the credit services provider’s stock worth $467,676,000 after purchasing an additional 9,702 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Equifax by 95.9% during the fourth quarter. Van ECK Associates Corp now owns 1,617,574 shares of the credit services provider’s stock valued at $412,239,000 after acquiring an additional 791,730 shares during 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.