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Barclays has downgraded Equifax Inc. to equal weight from overweight, adjusting its price target to $260 from $325. Equifax specializes in providing information services for decision-making optimization, focusing on credit risk management and fraud prevention, with net sales primarily from the U.S. (76.2%).
Barclays has downgraded Equifax's stock rating from Overweight to Equal Weight, reducing the price target from $325 to $260 due to market risks and high valuation levels, with the stock trading at a P/E ratio of 47.92x. Despite a year-to-date decline of 8.9%, Equifax reported Q4 2024 earnings that slightly exceeded EPS expectations but missed revenue forecasts, prompting a 50% dividend increase and potential share buybacks. RBC Capital Markets upgraded Equifax to Outperform with a target price of $300, citing expected revenue growth from mortgage recovery and strategic advancements in cloud migration.
Equifax Inc. reported a 9.3% year-over-year revenue increase for the quarter, with an expected EPS of 7.28 for the current year. The company announced a quarterly dividend of $0.39 per share, payable on December 13th, and insiders sold a total of 59,855 shares valued at $16.2 million over the past three months. Analysts maintain a "Moderate Buy" rating, with a consensus target price of $306.74.
Executives at major companies are increasingly discussing the upcoming presidential election, with mentions of "election" rising to the highest level since 2004. Concerns about economic stability and consumer behavior are prevalent, as leaders anticipate potential impacts on their businesses amid a tight race between Kamala Harris and Donald Trump. Many firms are adopting a cautious approach, with some executives noting a pause in hiring and investment decisions linked to election uncertainty.
FICO and VantageScore are the two primary credit scoring systems, akin to "Coke and Pepsi," with distinct calculation methods. VantageScore, created in 2006, considers factors like balance and available credit, while FICO, established over 25 years ago, emphasizes payment history and amounts owed. To improve credit scores, consistently pay bills on time, maintain low balances, and limit credit applications.
Equifax Inc. has received a Buy rating from UBS, highlighting its role in providing information services to individuals and businesses. The company specializes in solutions for collecting, processing, and managing data to enhance decision-making, particularly in credit risk management and fraud prevention. Geographically, its net sales are primarily from the United States (76.7%), followed by Australia (6%), the United Kingdom (5.1%), Canada (4.9%), and other regions (7.3%).
The Consumer Financial Protection Bureau (CFPB) has issued guidance highlighting illegal tactics used by medical debt collectors, including double-dipping, misrepresentation of consumer rights, and collection of unsubstantiated debts. With over 100 million Americans facing $220 billion in medical debt, these practices can lead to inflated costs and financial distress. The CFPB aims to protect consumers and has proposed rules to remove medical debts from credit reports, enhancing privacy and credit score outcomes.
Equifax Inc.
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barclays downgrades equifax adjusts price target amid market changes
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