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

Equifax (NYSE:EFX) had its price objective lowered by UBS Group from $335.00 to $310.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the credit services provider’s stock.

EFX has been the topic of several other reports. JPMorgan Chase & Co. dropped their target price on shares of Equifax from $304.00 to $283.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Robert W. Baird lifted their price objective on shares of Equifax from $290.00 to $333.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Morgan Stanley decreased their target price on Equifax from $320.00 to $316.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Oppenheimer dropped their price target on Equifax from $315.00 to $286.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 19th. Finally, Wolfe Research lowered Equifax from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Equifax presently has an average rating of “Moderate Buy” and a consensus price target of $301.69.

Equifax Price Performance

NYSE EFX opened at $248.59 on Friday. Equifax has a 1 year low of $213.02 and a 1 year high of $309.63. The business’s fifty day moving average is $261.12 and its two-hundred day moving average is $274.92. The stock has a market capitalization of $30.81 billion, a P/E ratio of 51.47, a P/E/G ratio of 3.00 and a beta of 1.58. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.88 and a current ratio of 0.75.

Equifax (NYSE:EFX) last announced its earnings results on Thursday, February 6th. The credit services provider reported $2.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.12. Equifax had a return on equity of 19.13% and a net margin of 10.63%. On average, research analysts forecast that Equifax will post 7.45 earnings per share for the current fiscal year.

Equifax Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 21st will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Friday, February 21st. Equifax’s payout ratio is presently 32.30%.

Insiders Place Their Bets

In other news, EVP Lisa M. Nelson sold 551 shares of the company’s stock in a transaction dated 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 owns 11,697 shares in the company, valued at approximately $3,045,781.83. This represents a 4.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.57% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new position in Equifax during the third quarter valued at approximately $29,000. McClarren Financial Advisors Inc. bought a new stake in shares of Equifax during the 4th quarter worth $25,000. Central Pacific Bank Trust Division acquired a new position in Equifax in the 4th quarter valued at $35,000. Spire Wealth Management grew its stake in Equifax by 98.7% in the 4th quarter. Spire Wealth Management now owns 151 shares of the credit services provider’s stock valued at $38,000 after buying an additional 75 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in Equifax in the 3rd quarter worth $48,000. 96.20% of the stock is 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.