Wells Fargo & Co Lowers Equifax (EFX) Price Target to $137.00

Equifax (NYSE:EFX) had its target price decreased by analysts at Wells Fargo & Co from $145.00 to $137.00 in a note issued to investors on Friday. The firm presently has an “outperform” rating on the credit services provider’s stock. Wells Fargo & Co’s price target indicates a potential upside of 40.93% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Barclays lowered their price objective on shares of Equifax from $120.00 to $105.00 and set an “equal weight” rating for the company in a research report on Friday. TheStreet cut Equifax from a “b” rating to a “c” rating in a report on Wednesday. ValuEngine cut Equifax from a “buy” rating to a “hold” rating in a report on Friday. Morgan Stanley set a $115.00 target price on Equifax and gave the stock a “hold” rating in a report on Thursday. Finally, Bank of America began coverage on Equifax in a report on Tuesday. They set an “underperform” rating and a $123.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $125.90.

Shares of EFX traded down $1.10 during trading hours on Friday, reaching $97.21. The stock had a trading volume of 131,372 shares, compared to its average volume of 1,052,283. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.80. Equifax has a 52 week low of $90.54 and a 52 week high of $138.69. The stock has a market cap of $14.80 billion, a P/E ratio of 16.37, a P/E/G ratio of 2.10 and a beta of 0.88.



Equifax (NYSE:EFX) last released its quarterly earnings data on Wednesday, October 24th. The credit services provider reported $1.41 EPS for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.01). Equifax had a net margin of 14.76% and a return on equity of 22.03%. The firm had revenue of $834.20 million during the quarter, compared to the consensus estimate of $857.51 million. During the same quarter in the prior year, the company earned $1.53 EPS. On average, equities research analysts expect that Equifax will post 5.84 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in EFX. Qube Research & Technologies Ltd grew its holdings in shares of Equifax by 1,375.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,151 shares of the credit services provider’s stock valued at $144,000 after acquiring an additional 1,073 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Equifax in the 2nd quarter valued at about $158,000. Piedmont Investment Advisors LLC bought a new position in shares of Equifax in the 2nd quarter valued at about $175,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of Equifax in the 2nd quarter valued at about $200,000. Finally, FineMark National Bank & Trust bought a new position in shares of Equifax in the 2nd quarter valued at about $200,000. Hedge funds and other institutional investors own 92.05% of the company’s stock.

Equifax Company Profile

Equifax Inc provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions, and Global Consumer Solutions. The USIS segment offers consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage loan origination information; financial marketing; and identity management services.

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