Equifax (NYSE:EFX) Price Target Cut to $286.00 by Analysts at Oppenheimer

Equifax (NYSE:EFX) had its price objective cut by analysts at Oppenheimer from $315.00 to $286.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the credit services provider’s stock. Oppenheimer’s price target indicates a potential upside of 16.60% from the company’s current price.

Other analysts have also issued research reports about the stock. Morgan Stanley lifted their price objective on shares of Equifax from $250.00 to $271.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 12th. The Goldman Sachs Group upped their price objective on Equifax from $277.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Needham & Company LLC reissued a “buy” rating and issued a $350.00 target price on shares of Equifax in a research report on Monday, October 28th. Citigroup upped their price target on Equifax from $263.00 to $304.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, UBS Group started coverage on Equifax in a report on Tuesday, October 1st. They issued a “buy” rating and a $360.00 price objective for the company. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Equifax presently has an average rating of “Moderate Buy” and a consensus target price of $308.95.

Equifax Price Performance

Equifax stock opened at $245.29 on Tuesday. The stock has a market cap of $30.40 billion, a P/E ratio of 54.51, a P/E/G ratio of 2.34 and a beta of 1.59. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average price is $281.62 and its two-hundred day moving average price is $267.70. Equifax has a 52 week low of $204.16 and a 52 week high of $309.63.

Equifax (NYSE:EFX) last issued its quarterly earnings results on Wednesday, October 16th. The credit services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. Equifax had a return on equity of 18.56% and a net margin of 10.07%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company posted $1.76 earnings per share. Equifax’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts predict that Equifax will post 7.28 earnings per share for the current year.

Insider Transactions at Equifax

In related news, CEO Mark W. Begor sold 58,304 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $270.49, for a total value of $15,770,648.96. Following the transaction, the chief executive officer now owns 109,183 shares of the company’s stock, valued at $29,532,909.67. This represents a 34.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John J. Kelley III sold 1,000 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $272.92, for a total value of $272,920.00. Following the completion of the transaction, the executive vice president now owns 11,269 shares of the company’s stock, valued at $3,075,535.48. The trade was a 8.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Avantax Advisory Services Inc. bought a new stake in Equifax in the 1st quarter worth $223,000. O Shaughnessy Asset Management LLC increased its position in shares of Equifax by 26.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 6,331 shares of the credit services provider’s stock valued at $1,694,000 after acquiring an additional 1,313 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in shares of Equifax by 325.7% in the first quarter. UniSuper Management Pty Ltd now owns 5,066 shares of the credit services provider’s stock worth $1,355,000 after purchasing an additional 3,876 shares during the last quarter. Lake Street Advisors Group LLC lifted its stake in Equifax by 16.0% during the 1st quarter. Lake Street Advisors Group LLC now owns 1,325 shares of the credit services provider’s stock valued at $355,000 after acquiring an additional 183 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Equifax by 14.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 126,856 shares of the credit services provider’s stock worth $33,970,000 after purchasing an additional 15,744 shares during 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.