Equifax (NYSE:EFX) Price Target Lowered to $255.00 at Bank of America

Equifax (NYSE:EFX) had its target price lowered by Bank of America from $300.00 to $255.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the credit services provider’s stock.

Several other research firms have also recently commented on EFX. Needham & Company LLC reissued a buy rating and set a $305.00 price target on shares of Equifax in a research note on Thursday. Stifel Nicolaus increased their price target on shares of Equifax from $208.00 to $289.00 and gave the company a buy rating in a research note on Tuesday, January 9th. Evercore ISI raised shares of Equifax from an in-line rating to an outperform rating and increased their price target for the company from $210.00 to $310.00 in a research note on Tuesday, February 13th. JPMorgan Chase & Co. decreased their price target on shares of Equifax from $290.00 to $273.00 and set an overweight rating on the stock in a research note on Friday. Finally, Truist Financial increased their price target on shares of Equifax from $270.00 to $285.00 and gave the company a buy rating in a research note on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and fourteen 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 an average price target of $266.35.

Equifax Price Performance

Shares of Equifax stock opened at $216.20 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $26.86 billion, a price-to-earnings ratio of 48.15, a P/E/G ratio of 1.76 and a beta of 1.51. Equifax has a 1-year low of $159.95 and a 1-year high of $275.10. The firm’s 50-day moving average price is $257.79 and its two-hundred day moving average price is $231.21.

Equifax (NYSE:EFX) last issued its quarterly earnings data on Thursday, April 18th. The credit services provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.06. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Equifax had a net margin of 10.42% and a return on equity of 19.08%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 earnings per share. On average, equities analysts predict that Equifax will post 7.34 earnings per share for the current fiscal year.

Equifax Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were issued a dividend of $0.39 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.72%. Equifax’s payout ratio is 34.74%.

Institutional Investors Weigh In On Equifax

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its holdings in shares of Equifax by 2.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,838 shares of the credit services provider’s stock worth $455,000 after acquiring an additional 40 shares during the period. DAVENPORT & Co LLC increased its stake in Equifax by 2.4% in the 4th quarter. DAVENPORT & Co LLC now owns 2,022 shares of the credit services provider’s stock valued at $500,000 after buying an additional 48 shares during the last quarter. Ballentine Partners LLC increased its stake in Equifax by 5.1% in the 1st quarter. Ballentine Partners LLC now owns 1,038 shares of the credit services provider’s stock valued at $278,000 after buying an additional 50 shares during the last quarter. Penserra Capital Management LLC increased its stake in Equifax by 8.5% in the 4th quarter. Penserra Capital Management LLC now owns 637 shares of the credit services provider’s stock valued at $123,000 after buying an additional 50 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in Equifax by 4.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,188 shares of the credit services provider’s stock valued at $231,000 after buying an additional 50 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

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.