The Goldman Sachs Group Lowers Equifax (NYSE:EFX) Price Target to $241.00

Equifax (NYSE:EFX) had its price target decreased by The Goldman Sachs Group from $276.00 to $241.00 in a research note published on Friday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the credit services provider’s stock.

EFX has been the topic of several other reports. Needham & Company LLC reaffirmed a buy rating and set a $305.00 price objective on shares of Equifax in a research report on Thursday, April 18th. JPMorgan Chase & Co. cut their price target on Equifax from $290.00 to $273.00 and set an overweight rating for the company in a report on Friday. Redburn Atlantic cut Equifax from a buy rating to a neutral rating and set a $272.00 target price for the company. in a report on Thursday, January 11th. Robert W. Baird dropped their target price on Equifax from $275.00 to $260.00 and set an outperform rating for the company in a report on Friday. Finally, Truist Financial boosted their price objective on Equifax from $270.00 to $285.00 and gave the company a buy rating in a report on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $270.19.

Equifax Price Performance

EFX opened at $218.93 on Friday. Equifax has a 1 year low of $159.95 and a 1 year high of $275.10. The firm’s fifty day moving average price is $257.05 and its two-hundred day moving average price is $232.21. The company has a market capitalization of $27.20 billion, a price-to-earnings ratio of 48.76, a P/E/G ratio of 1.74 and a beta of 1.51. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.73 and a quick ratio of 0.67.

Equifax (NYSE:EFX) last issued its earnings results on Thursday, April 18th. The credit services provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.06. Equifax had a return on equity of 19.08% and a net margin of 10.42%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the firm earned $1.43 earnings per share. Equifax’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, analysts anticipate that Equifax will post 7.38 earnings per share for the current fiscal year.

Equifax Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were issued a $0.39 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.56 annualized dividend and a yield of 0.71%. Equifax’s dividend payout ratio is currently 34.74%.

Hedge Funds Weigh In On Equifax

A number of hedge funds have recently bought and sold shares of EFX. Tobam raised its holdings in shares of Equifax by 37.2% during the fourth quarter. Tobam now owns 568 shares of the credit services provider’s stock valued at $140,000 after buying an additional 154 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Equifax in the 4th quarter valued at $41,000. Parnassus Investments LLC lifted its stake in shares of Equifax by 38.8% in the 3rd quarter. Parnassus Investments LLC now owns 113,315 shares of the credit services provider’s stock valued at $20,757,000 after purchasing an additional 31,686 shares during the last quarter. Premier Path Wealth Partners LLC acquired a new stake in shares of Equifax in the 4th quarter valued at $1,240,000. Finally, Tower Research Capital LLC TRC lifted its position in Equifax by 243.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 11,181 shares of the credit services provider’s stock worth $2,048,000 after acquiring an additional 7,921 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

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.