JPMorgan Chase & Co. Trims Equifax (NYSE:EFX) Target Price to $273.00

Equifax (NYSE:EFX) had its price objective cut by JPMorgan Chase & Co. from $290.00 to $273.00 in a research note published on Friday morning, Benzinga reports. They currently have an overweight rating on the credit services provider’s stock.

Several other equities analysts have also commented on the company. The Goldman Sachs Group upped their price target on Equifax from $195.00 to $222.00 and gave the company a neutral rating in a research note on Friday, December 29th. Redburn Atlantic downgraded Equifax from a buy rating to a neutral rating and set a $272.00 price target on the stock. in a research note on Thursday, January 11th. Truist Financial lifted their target price on Equifax from $270.00 to $285.00 and gave the company a buy rating in a research note on Friday, February 9th. Robert W. Baird lowered their target price on Equifax from $275.00 to $260.00 and set an outperform rating on the stock in a research note on Friday. Finally, Needham & Company LLC restated a buy rating and issued a $305.00 price target on shares of Equifax in a research note on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Equifax currently has an average rating of Moderate Buy and a consensus target price of $270.19.

Equifax Stock Up 1.3 %

Equifax stock opened at $218.93 on Friday. The stock has a market capitalization of $27.20 billion, a PE ratio of 48.76, a price-to-earnings-growth ratio of 1.74 and a beta of 1.51. Equifax has a 12 month low of $159.95 and a 12 month high of $275.10. The business has a 50 day simple moving average of $257.05 and a 200-day simple moving average of $232.21. 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 quarterly earnings results on Thursday, April 18th. The credit services provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.06. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. Equifax had a return on equity of 19.08% and a net margin of 10.42%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 earnings per share. On average, analysts anticipate that Equifax will post 7.38 EPS for the current fiscal year.

Equifax Announces Dividend

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

Institutional Investors Weigh In On Equifax

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wetzel Investment Advisors Inc. purchased a new stake in shares of Equifax in the fourth quarter valued at $25,000. KB Financial Partners LLC purchased a new stake in shares of Equifax in the third quarter worth about $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Equifax in the fourth quarter worth about $41,000. Geneos Wealth Management Inc. lifted its stake in shares of Equifax by 70.8% in the third quarter. Geneos Wealth Management Inc. now owns 193 shares of the credit services provider’s stock worth $35,000 after acquiring an additional 80 shares in the last quarter. Finally, Smithfield Trust Co lifted its stake in shares of Equifax by 55.5% in the third quarter. Smithfield Trust Co now owns 199 shares of the credit services provider’s stock worth $36,000 after acquiring an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

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.