Morgan Stanley Lowers Equifax (NYSE:EFX) Price Target to $316.00

Equifax (NYSE:EFX) had its target price cut by equities research analysts at Morgan Stanley from $320.00 to $316.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the credit services provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 14.62% from the stock’s current price.

A number of other analysts also recently issued reports on EFX. UBS Group initiated coverage on Equifax in a research report on Tuesday, October 1st. They issued a “buy” rating and a $360.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on Equifax from $304.00 to $283.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. BNP Paribas upgraded Equifax from a “neutral” rating to an “outperform” rating and set a $305.00 price target for the company in a report on Monday, December 16th. Wells Fargo & Company reduced their price target on Equifax from $325.00 to $321.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $350.00 price target on shares of Equifax in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $310.88.

Equifax Stock Up 0.3 %

Shares of NYSE:EFX traded up $0.76 during midday trading on Tuesday, reaching $275.70. The company had a trading volume of 117,901 shares, compared to its average volume of 864,541. 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 business’s 50 day moving average price is $259.25 and its 200 day moving average price is $274.65. The stock has a market cap of $34.17 billion, a PE ratio of 61.24, a P/E/G ratio of 2.80 and a beta of 1.57. Equifax has a 1-year low of $213.02 and a 1-year high of $309.63.

Insider Buying and Selling

In other Equifax news, EVP Lisa M. Nelson sold 551 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $260.39, for a total transaction of $143,474.89. Following the sale, the executive vice president now owns 11,697 shares of the company’s stock, valued at approximately $3,045,781.83. This represents a 4.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.57% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Equifax

Institutional investors and hedge funds have recently made changes to their positions in the stock. Greenleaf Trust raised its holdings in shares of Equifax by 2.2% in the 4th quarter. Greenleaf Trust now owns 1,702 shares of the credit services provider’s stock worth $434,000 after acquiring an additional 37 shares during the last quarter. Inspire Investing LLC increased its stake in Equifax by 4.2% in the 4th quarter. Inspire Investing LLC now owns 1,012 shares of the credit services provider’s stock valued at $258,000 after buying an additional 41 shares during the last quarter. Cromwell Holdings LLC increased its stake in Equifax by 13.5% in the 3rd quarter. Cromwell Holdings LLC now owns 371 shares of the credit services provider’s stock valued at $109,000 after buying an additional 44 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in Equifax by 3.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,474 shares of the credit services provider’s stock valued at $401,000 after buying an additional 53 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC increased its stake in Equifax by 1.9% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 2,936 shares of the credit services provider’s stock valued at $863,000 after buying an additional 56 shares during 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.