Equifax (NYSE:EFX) Price Target Cut to $200.00 by Analysts at Atlantic Securities

Equifax (NYSE:EFXGet Rating) had its target price lowered by Atlantic Securities from $225.00 to $200.00 in a research report sent to investors on Thursday morning, The Fly reports. The brokerage currently has a neutral rating on the credit services provider’s stock.

A number of other equities research analysts have also recently issued reports on EFX. Wells Fargo & Company began coverage on shares of Equifax in a report on Tuesday, July 12th. They set an equal weight rating and a $200.00 price target for the company. StockNews.com upgraded shares of Equifax from a sell rating to a hold rating in a research note on Friday, August 19th. Credit Suisse Group reduced their target price on shares of Equifax from $250.00 to $245.00 and set an outperform rating for the company in a research note on Thursday, July 21st. Barclays reduced their target price on shares of Equifax from $250.00 to $215.00 and set an overweight rating for the company in a research note on Friday, June 17th. Finally, Morgan Stanley cut shares of Equifax from an overweight rating to an equal weight rating and set a $230.00 target price for the company. in a research note on Tuesday, August 16th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Equifax has an average rating of Moderate Buy and a consensus price target of $243.47.

Equifax Stock Down 2.5 %

EFX stock opened at $172.29 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.51 and a quick ratio of 0.51. Equifax has a 52-week low of $169.25 and a 52-week high of $300.11. The company has a 50-day moving average of $200.04 and a two-hundred day moving average of $203.73. The stock has a market capitalization of $21.09 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 1.69 and a beta of 1.50.

Equifax (NYSE:EFXGet Rating) last released its quarterly earnings results on Wednesday, July 20th. The credit services provider reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.06. Equifax had a net margin of 14.54% and a return on equity of 26.69%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the company earned $1.98 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Equifax will post 7.66 EPS for the current year.

Equifax Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, September 6th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Friday, September 2nd. Equifax’s dividend payout ratio is 25.66%.

Institutional Trading of Equifax

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Equifax by 1.2% during the first quarter. Vanguard Group Inc. now owns 13,036,468 shares of the credit services provider’s stock worth $3,090,947,000 after buying an additional 155,572 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Equifax by 6.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,546,483 shares of the credit services provider’s stock worth $2,293,245,000 after buying an additional 737,642 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Equifax by 2.7% during the first quarter. BlackRock Inc. now owns 9,720,913 shares of the credit services provider’s stock worth $2,304,828,000 after buying an additional 252,490 shares in the last quarter. State Street Corp increased its holdings in shares of Equifax by 1.6% during the fourth quarter. State Street Corp now owns 4,934,609 shares of the credit services provider’s stock worth $1,444,804,000 after buying an additional 77,697 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Equifax by 14.2% during the second quarter. FMR LLC now owns 4,650,733 shares of the credit services provider’s stock worth $850,060,000 after buying an additional 579,519 shares in the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

Equifax Company Profile

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Equifax Inc provides information solutions and human resources business process automation outsourcing services for businesses, governments, and consumers. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers employment, income, criminal history, and social security number verification services, as well as payroll-based transaction, employment tax management, and identity theft protection products.

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