Equifax (NYSE:EFX) Given New $255.00 Price Target at Bank of America

Equifax (NYSE:EFX) had its price target decreased by Bank of America from $300.00 to $255.00 in a research report report published on Friday morning, Benzinga reports. Bank of America currently has a buy rating on the credit services provider’s stock.

Several other brokerages have also recently commented on EFX. Needham & Company LLC reaffirmed a buy rating and set a $305.00 price target on shares of Equifax in a research report on Thursday. Redburn Atlantic cut shares of Equifax from a buy rating to a neutral rating and set a $272.00 target price on the stock. in a report on Thursday, January 11th. Oppenheimer cut their target price on shares of Equifax from $291.00 to $272.00 and set an outperform rating on the stock in a report on Friday. Truist Financial raised their target price on shares of Equifax from $270.00 to $285.00 and gave the stock a buy rating in a report on Friday, February 9th. Finally, Robert W. Baird cut their price target on Equifax from $275.00 to $260.00 and set an outperform rating on the stock in a report on Friday. Four analysts have rated the stock with a hold rating and fourteen have assigned 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 $266.35.

Equifax Stock Performance

Shares of EFX stock opened at $216.20 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.67 and a current ratio of 0.73. Equifax has a one year low of $159.95 and a one year high of $275.10. The company’s 50-day simple moving average is $257.79 and its 200-day simple moving average is $231.21. The stock has a market capitalization of $26.86 billion, a price-to-earnings ratio of 48.15, a PEG ratio of 1.76 and a beta of 1.51.

Equifax (NYSE:EFX) last issued its quarterly earnings results on Thursday, April 18th. The credit services provider reported $1.50 EPS for the quarter, topping the consensus estimate of $1.44 by $0.06. Equifax had a net margin of 10.42% and a return on equity of 19.08%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the company posted $1.43 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Equities analysts anticipate that Equifax will post 7.34 earnings per share for the current fiscal year.

Equifax Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were issued a dividend of $0.39 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.56 annualized dividend and a yield of 0.72%. Equifax’s payout ratio is 34.74%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EFX. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Equifax by 29.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,516 shares of the credit services provider’s stock valued at $834,000 after buying an additional 801 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Equifax by 9.9% in the first quarter. American Century Companies Inc. now owns 4,944 shares of the credit services provider’s stock valued at $1,172,000 after buying an additional 444 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Equifax by 14.1% in the first quarter. Private Advisor Group LLC now owns 1,830 shares of the credit services provider’s stock valued at $434,000 after buying an additional 226 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Equifax by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 439,028 shares of the credit services provider’s stock valued at $104,100,000 after buying an additional 8,662 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Equifax by 0.8% in the first quarter. Sei Investments Co. now owns 17,409 shares of the credit services provider’s stock valued at $4,141,000 after buying an additional 134 shares in the last quarter. 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.