Wells Fargo analyst Jason Haas CFA maintains $Equifax (EFX.US)$ with a buy rating, and adjusts the target price from $375 to $350.
According to TipRanks data, the analyst has a success rate of 62.8% and a total average return of 14.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Equifax (EFX.US)$'s main analysts recently are as follows:
Equifax's third-quarter results were characterized as 'mixed' with reported revenues and EBITDA margins modestly falling short of consensus estimates. Despite this, a notable positive emerged as mortgage inquiries showed year-over-year growth for the first time since 2021 in the third quarter. This trend signals a potential trough in mortgage volumes, which could stand to gain from lower interest rates going forward.
The firm views the guidance reduction as a minor negative, yet believes the company is on the cusp of a strong multi-year period of earnings growth. The valuation is seen as compelling when adjusted for the mortgage cycle, and the firm now regards the company as their premier idea within the consumer credit information segment.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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