JPMorgan Chase & Co. Lowers Equifax (NYSE:EFX) Price Target to $283.00

Equifax (NYSE:EFX) had its target price decreased by JPMorgan Chase & Co. from $304.00 to $283.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the credit services provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 16.88% from the stock’s previous close.

Several other equities analysts have also recently issued reports on EFX. Wells Fargo & Company reissued a “buy” rating on shares of Equifax in a research note on Friday, October 18th. BNP Paribas upgraded shares of Equifax from an “underperform” rating to a “neutral” rating and set a $310.00 price objective for the company in a report on Thursday, September 19th. Robert W. Baird lifted their target price on shares of Equifax from $290.00 to $333.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $350.00 target price on shares of Equifax in a research report on Monday, October 28th. Finally, The Goldman Sachs Group boosted their target price on Equifax from $277.00 to $307.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Equifax currently has a consensus rating of “Moderate Buy” and a consensus price target of $307.84.

Equifax Price Performance

NYSE:EFX traded down $3.16 during trading hours on Tuesday, hitting $242.13. 116,316 shares of the company’s stock traded hands, compared to its average volume of 862,863. Equifax has a 52 week low of $204.16 and a 52 week high of $309.63. 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 firm has a market cap of $30.01 billion, a P/E ratio of 53.78, a P/E/G ratio of 2.34 and a beta of 1.59. The business’s fifty day simple moving average is $281.62 and its two-hundred day simple moving average is $267.70.

Equifax (NYSE:EFX) last announced its quarterly earnings data on Wednesday, October 16th. The credit services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.01. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. Equifax had a return on equity of 18.56% and a net margin of 10.07%. The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.76 earnings per share. On average, research analysts anticipate that Equifax will post 7.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Equifax

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

Institutional Trading of Equifax

A number of large investors have recently modified their holdings of the stock. Capital International Investors grew its stake in shares of Equifax by 2.5% in the 1st quarter. Capital International Investors now owns 14,045,398 shares of the credit services provider’s stock valued at $3,757,425,000 after purchasing an additional 342,170 shares during the last quarter. State Street Corp lifted its stake in shares of Equifax by 1.1% during the third quarter. State Street Corp now owns 4,816,186 shares of the credit services provider’s stock valued at $1,415,284,000 after buying an additional 52,489 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Equifax by 4.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,276,798 shares of the credit services provider’s stock valued at $1,036,952,000 after purchasing an additional 200,665 shares during the period. FMR LLC boosted its position in shares of Equifax by 37.4% in the third quarter. FMR LLC now owns 3,233,744 shares of the credit services provider’s stock worth $950,268,000 after acquiring an additional 880,162 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in Equifax by 2.4% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,044,561 shares of the credit services provider’s stock valued at $738,184,000 after acquiring an additional 70,091 shares during the period. 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.