Equifax (NYSE:EFX) research coverage has begun at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of Equifax (NYSE:EFX – Free Report) in a report published on Monday, reports MarketBeat.com. The brokerage issued an overweight rating and a $340.00 target price on the credit services provider’s stock.

EFX has been the subject of a number of other reports. Goldman Sachs Group boosted their price target on shares of Equifax from $246.00 to $277.00 and gave the company a neutral rating in a research note on Friday, July 19th. Oppenheimer upped their price target on shares of Equifax from $272.00 to $300.00 and gave the company an outperform rating in a research note on Friday, July 19th. Citigroup upped their target price on shares of Equifax from $263.00 to $304.00 and gave the stock a buy rating in a research note on Wednesday, July 24th. Bank of America boosted their target price on shares of Equifax from $255.00 to $286.00 and gave the stock a buy rating in a research note on Thursday, July 18th. Finally, JPMorgan Chase & Co. upped their target price on shares of Equifax from $273.00 to $300.00 and gave the stock an overweight rating in a research note on Friday, July 19th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Equifax has a consensus rating of Moderate Buy and an average target price of $290.13, based on data from MarketBeat.com.

Get the latest research report on EFX

Equifax trading up 1.4%

Shares of EFX opened at $296.38 on Monday. The company’s 50-day simple moving average is $256.07 and its 200-day simple moving average is $251.14. The company has a quick ratio of 0.79, a current ratio of 0.79, and a debt-to-equity ratio of 1.01. Equifax has a 52-week low of $159.95 and a 52-week high of $296.79. The firm has a market cap of $36.64 billion, a P/E ratio of 66.01, a PEG ratio of 1.92 and a beta of 1.56.

Equifax (NYSE:EFX – Get Your Free Report ) last posted its earnings results on Wednesday, July 17th. The credit services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.09. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. Equifax had a net margin of 10.67% and a return on equity of 18.88%. The company’s revenue for the quarter was up 8.6% year over year. During the same period in the previous year, the company posted EPS of $1.71. As a group, equities analysts anticipate that Equifax will post 7.34 EPS for the current fiscal year.

Insider Transactions at Equifax

In related news, CFO John W. Gamble, Jr. sold 3,650 shares of Equifax stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $229.24, for a total value of $836,726.00. Following the transaction, the chief financial officer now directly owns 62,219 shares in the company, valued at approximately $14,263,083.56. The transaction was disclosed in a legal filing with the SEC, which is accessible via this link. In related news, EVP Carla Chaney sold 5,178 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $238.63, for a total transaction of $1,235,626.14. Following the transaction, the executive vice president now owns 16,884 shares of the company’s stock, valued at $4,029,028.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John W. Gamble, Jr. sold 3,650 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $229.24, for a total transaction of $836,726.00. Following the sale, the chief financial officer now owns 62,219 shares in the company, valued at $14,263,083.56. The disclosure for this sale can be found here. Insiders have sold 14,238 shares of company stock worth $3,492,928 over the last 90 days. 1.57% of shares are currently owned by insiders.

Institutional investors weigh in on Equifax

Institutional investors and hedge funds have recently modified their holdings of the company. Conning Inc. raised its position in shares of Equifax by 4.7% in the second quarter. Conning Inc. now owns 848 shares of the credit services provider’s stock worth $206,000 after acquiring an additional 38 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Equifax by 2.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,838 shares of the credit services provider’s stock worth $455,000 after purchasing an additional 40 shares during the period. Intech Investment Management LLC boosted its holdings in Equifax by 1.2% in the second quarter. Intech Investment Management LLC now owns 3,726 shares of the credit services provider’s stock worth $903,000 after acquiring an additional 44 shares during the period. Thompson Investment Management Inc. boosted its stake in Equifax by 0.3% in the second quarter. Thompson Investment Management Inc. now owns 15,464 shares of the credit services provider’s stock valued at $3,749,000 after buying an additional 45 shares during the period. Finally, Ballentine Partners LLC boosted its holdings in Equifax by 5.1% in the first quarter. Ballentine Partners LLC now owns 1,038 shares of the credit services provider’s stock worth $278,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s shares.

About Equifax

(Get a free report)

Equifax Inc operates as a data, analytics and technology company. The company operates through three segments: Workforce Solutions, US Information Solutions (USIS) and International. The Workforce Solutions segment provides services that allow customers to verify the income, employment, educational history, criminal justice data, health professional licensure and sanctions of individuals in the United States; and employer clients with services that help them comply with and automate payroll and human resource management processes throughout the entire employment cycle.

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