Equifax (NYSE:EFX) Stock Price Expected to Rise, Oppenheimer Analyst Says

Equifax (NYSE:EFX) had its price objective upped by Oppenheimer from $277.00 to $296.00 in a report released on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the credit services provider’s stock. Oppenheimer’s price target would indicate a potential upside of 12.76% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Argus downgraded Equifax from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Needham & Company LLC restated a “buy” rating and issued a $295.00 price target on shares of Equifax in a report on Wednesday, April 23rd. Gordon Haskett raised shares of Equifax to a “strong-buy” rating in a research note on Tuesday, February 18th. Stifel Nicolaus decreased their target price on shares of Equifax from $284.00 to $281.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Finally, Wells Fargo & Company upped their price target on shares of Equifax from $288.00 to $306.00 and gave the stock an “overweight” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Equifax has an average rating of “Moderate Buy” and a consensus price target of $294.44.

Equifax Trading Down 0.3%

Shares of EFX stock opened at $262.50 on Thursday. The company has a market capitalization of $32.60 billion, a price-to-earnings ratio of 54.35, a PEG ratio of 2.79 and a beta of 1.68. The company has a current ratio of 0.75, a quick ratio of 0.88 and a debt-to-equity ratio of 0.90. The firm has a 50-day moving average price of $246.33 and a 200 day moving average price of $252.78. Equifax has a twelve month low of $199.98 and a twelve month high of $309.63.

Equifax (NYSE:EFX) last posted its quarterly earnings data on Tuesday, April 22nd. The credit services provider reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.08. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Equifax had a net margin of 10.63% and a return on equity of 19.13%. Research analysts forecast that Equifax will post 7.58 earnings per share for the current fiscal year.

Insider Activity at Equifax

In other news, CEO Mark W. Begor sold 22,160 shares of Equifax stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $256.61, for a total transaction of $5,686,477.60. Following the sale, the chief executive officer now owns 142,395 shares in the company, valued at $36,539,980.95. This trade represents a 13.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John W. Gamble, Jr. sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $259.10, for a total transaction of $518,200.00. Following the completion of the transaction, the executive vice president now owns 65,176 shares of the company’s stock, valued at $16,887,101.60. This trade represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Equifax

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. acquired a new position in shares of Equifax in the fourth quarter worth about $25,000. True Wealth Design LLC raised its position in shares of Equifax by 1,920.0% in the 4th quarter. True Wealth Design LLC now owns 101 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 96 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of Equifax during the 4th quarter valued at approximately $28,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Equifax during the first quarter worth approximately $28,000. Finally, Colonial Trust Co SC increased its stake in shares of Equifax by 505.0% in the fourth quarter. Colonial Trust Co SC now owns 121 shares of the credit services provider’s stock worth $31,000 after buying an additional 101 shares during the last quarter. 96.20% of the stock is 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.