Equifax (NYSE:EFX) Now Covered by Bank of America

Equities researchers at Bank of America began coverage on shares of Equifax (NYSE:EFX) in a research note issued on Thursday. The firm set a “buy” rating and a $280.00 price target on the credit services provider’s stock. Bank of America‘s price target indicates a potential upside of 27.06% from the stock’s previous close.

A number of other equities analysts have also recently commented on EFX. Argus cut shares of Equifax from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. UBS Group reduced their price objective on Equifax from $335.00 to $310.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Barclays restated an “equal weight” rating and set a $260.00 price objective (down from $325.00) on shares of Equifax in a research report on Friday, April 4th. Oppenheimer dropped their target price on Equifax from $286.00 to $279.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Finally, Royal Bank of Canada upgraded Equifax from a “sector perform” rating to an “outperform” rating and set a $300.00 price target on the stock in a report on Thursday, March 20th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $294.13.

Equifax Price Performance

NYSE:EFX opened at $220.36 on Thursday. The business’s 50-day moving average is $240.09 and its 200 day moving average is $257.56. Equifax has a 12 month low of $199.98 and a 12 month high of $309.63. The company has a market capitalization of $27.50 billion, a P/E ratio of 45.62, a P/E/G ratio of 2.79 and a beta of 1.65. The company has a current ratio of 0.75, a quick ratio of 0.88 and a debt-to-equity ratio of 0.90.

Equifax (NYSE:EFX) last issued its quarterly earnings data on Thursday, February 6th. The credit services provider reported $2.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.12. Equifax had a return on equity of 19.13% and a net margin of 10.63%. On average, equities research analysts forecast that Equifax will post 7.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. McClarren Financial Advisors Inc. purchased a new stake in shares of Equifax in the 4th quarter worth $25,000. True Wealth Design LLC lifted its stake in Equifax by 1,920.0% in the fourth quarter. True Wealth Design LLC now owns 101 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 96 shares during the period. Ameriflex Group Inc. purchased a new stake in Equifax in the fourth quarter worth about $28,000. Colonial Trust Co SC grew its holdings in Equifax by 505.0% during the 4th quarter. Colonial Trust Co SC now owns 121 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 101 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in Equifax during the 4th quarter valued at about $35,000. 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.