Royal Bank of Canada Increases Equifax (EFX) Price Target to $126.00

Equifax (NYSE:EFX) had its price objective boosted by research analysts at Royal Bank of Canada to $126.00 in a note issued to investors on Friday, The Fly reports. The firm currently has a “sector perform” rating on the credit services provider’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 2.57% from the company’s current price.

Other research analysts also recently issued research reports about the company. Robert W. Baird restated a “buy” rating and issued a $137.00 price objective on shares of Equifax in a research note on Tuesday, January 9th. SunTrust Banks restated a “buy” rating and issued a $110.00 price objective on shares of Equifax in a research note on Tuesday, September 26th. Wells Fargo & Co upgraded Equifax from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $135.00 to $127.00 in a research note on Friday, September 22nd. Evercore ISI reaffirmed an “outperform” rating and set a $110.00 price target on shares of Equifax in a research report on Tuesday, September 26th. Finally, Barclays cut Equifax from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $115.00 to $128.00 in a research report on Thursday, December 14th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $129.47.

Shares of Equifax (EFX) traded down $0.38 during trading hours on Friday, reaching $122.84. The company’s stock had a trading volume of 929,300 shares, compared to its average volume of 1,237,275. The company has a market cap of $14,750.00, a P/E ratio of 27.79, a PEG ratio of 2.11 and a beta of 0.95. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.67 and a quick ratio of 0.67. Equifax has a 52-week low of $89.59 and a 52-week high of $147.02.

Equifax (NYSE:EFX) last announced its quarterly earnings data on Thursday, November 9th. The credit services provider reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.04. The firm had revenue of $834.80 million during the quarter, compared to the consensus estimate of $847.28 million. Equifax had a return on equity of 24.45% and a net margin of 16.18%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 EPS. sell-side analysts forecast that Equifax will post 5.92 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. purchased a new stake in Equifax during the 4th quarter worth about $101,000. YorkBridge Wealth Partners LLC lifted its holdings in Equifax by 5.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 781 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 37 shares in the last quarter. Sun Life Financial INC lifted its holdings in Equifax by 9,722.2% during the 2nd quarter. Sun Life Financial INC now owns 884 shares of the credit services provider’s stock worth $121,000 after purchasing an additional 875 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in Equifax during the 3rd quarter worth about $130,000. Finally, Meeder Asset Management Inc. purchased a new stake in Equifax during the 3rd quarter worth about $134,000. 95.12% of the stock is currently owned by institutional investors and hedge funds.

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About Equifax

Equifax Inc is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Global Consumer Solutions. Its products and services are based on databases of consumer and business information derived from various sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.