Barclays analyst Manav Patnaik maintains $Equifax (EFX.US)$ with a buy rating, and maintains the target price at $380.
According to TipRanks data, the analyst has a success rate of 67.6% and a total average return of 12.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Equifax (EFX.US)$'s main analysts recently are as follows:
Equifax delivered a 'mixed' third-quarter performance with revenue and EBITDA margins slightly missing estimates. Nevertheless, a positive development has been observed in the business, as mortgage inquiries during the third quarter have shown year-over-year growth for the first time since 2021. This suggests a potential turnaround in mortgage volumes, which could be further supported by declining interest rates.
It has been noted that despite a modest negative adjustment in guidance, the firm believes the company is on the cusp of a robust multi-year phase of earnings per share growth. They find the valuation appealing when normalized for the mortgage cycle and now regard the company as their preferred selection in the consumer credit information sector.
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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