Equifax (NYSE:EFX) Given New $295.00 Price Target at Needham & Company LLC

Equifax (NYSE:EFX) had its price target lifted by investment analysts at Needham & Company LLC from $288.00 to $295.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the credit services provider’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 15.71% from the stock’s previous close.

EFX has been the topic of several other reports. The Goldman Sachs Group upped their target price on Equifax from $241.00 to $267.00 and gave the company a “neutral” rating in a report on Friday, July 23rd. Morgan Stanley increased their price target on Equifax from $241.00 to $253.00 and gave the stock an “equal weight” rating in a report on Thursday, September 23rd. Zacks Investment Research cut Equifax from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a report on Monday, October 4th. Royal Bank of Canada increased their price target on Equifax from $259.00 to $270.00 and gave the stock a “sector perform” rating in a report on Thursday, July 22nd. Finally, Truist increased their price target on Equifax from $205.00 to $235.00 and gave the stock a “hold” rating in a report on Friday, July 23rd. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Equifax currently has a consensus rating of “Hold” and an average price target of $238.77.

EFX stock opened at $254.94 on Thursday. The company has a market cap of $31.06 billion, a PE ratio of 43.88, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43. The business has a 50-day simple moving average of $263.54 and a 200 day simple moving average of $241.36. Equifax has a 52 week low of $135.98 and a 52 week high of $279.59. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.94.

Equifax (NYSE:EFX) last posted its quarterly earnings results on Tuesday, July 20th. The credit services provider reported $1.98 EPS for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.27. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.16 billion. Equifax had a return on equity of 29.57% and a net margin of 15.44%. Equifax’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.60 earnings per share. On average, analysts anticipate that Equifax will post 7.45 EPS for the current fiscal year.

In related news, insider Prasanna Dhore sold 2,001 shares of the stock in a transaction on Wednesday, August 4th. The stock was sold at an average price of $257.49, for a total value of $515,237.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.03% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation N.A. raised its position in Equifax by 1,087.5% in the 1st quarter. Zions Bancorporation N.A. now owns 190 shares of the credit services provider’s stock valued at $34,000 after buying an additional 174 shares during the last quarter. Quadrant Capital Group LLC raised its position in Equifax by 52.0% in the 1st quarter. Quadrant Capital Group LLC now owns 225 shares of the credit services provider’s stock valued at $41,000 after buying an additional 77 shares during the last quarter. CSat Investment Advisory L.P. raised its position in Equifax by 70.6% in the 1st quarter. CSat Investment Advisory L.P. now owns 232 shares of the credit services provider’s stock valued at $42,000 after buying an additional 96 shares during the last quarter. Point72 Hong Kong Ltd raised its position in Equifax by 199.4% in the 1st quarter. Point72 Hong Kong Ltd now owns 317 shares of the credit services provider’s stock valued at $57,000 after buying an additional 636 shares during the last quarter. Finally, Ameritas Investment Company LLC purchased a new stake in shares of Equifax during the 1st quarter valued at $62,000. 90.80% of the stock is owned by institutional investors and hedge funds.

About Equifax

Equifax, Inc engages in the provision of information solutions and human resources business process outsourcing services. It operates through the following business segments: U.S. Information Solutions, Workforce Solutions, International, and Global Consumer Solutions. The U.S. Information Solutions segment includes consumer and commercial information services, mortgage loan origination information, financial marketing services, and identity management.

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