Jefferies raises Equifax stock target to $290, maintains Buy rating

Published 23/04/2025, 11:12
Jefferies raises Equifax stock target to $290, maintains Buy rating

On Wednesday, Jefferies maintained a Buy rating on Equifax stock (NYSE:EFX) and increased the price target to $290 from the previous $260. The firm’s analysts have revised their 2025 adjusted earnings per share (EPS) estimate upward to $7.68, up from $7.41, despite the prevailing macroeconomic uncertainties. Currently trading at $245.08, Equifax commands a market capitalization of $30.4 billion and trades at a P/E ratio of 44x. InvestingPro analysis indicates the stock is currently trading above its Fair Value.

The analysts at Jefferies have expressed confidence in the company’s ability to sustain revenue growth even amid a potentially weaker economic climate. They pointed out that the market might be underestimating the resilience of Equifax’s revenue expansion capabilities. This optimism is rooted in the expectation that the current economic cycle will eventually reverse, leading to a normalization in the mortgage sector. The company has demonstrated solid performance with a revenue growth of 7.9% in the last twelve months and maintains impressive gross profit margins of 56.55%. InvestingPro has identified 13 additional key investment tips for Equifax.

According to Jefferies, once the market cycle shifts, Equifax is well-positioned to achieve industry-leading revenue growth and margin expansion. The analysts underscored that their positive outlook remains steadfast, as reflected in the reiterated Buy rating.

Equifax, a global data, analytics, and technology company, is anticipated to benefit from these dynamics. The firm’s analysis suggests that as the economic environment improves, Equifax will be able to capitalize on the opportunities presented by a recovering market, particularly in the mortgage industry.

The updated price target of $290 represents a notable increase and indicates a strong conviction in the financial prospects of Equifax. Jefferies’ analysis is based on the company’s performance potential and the broader economic factors that may influence its trajectory in the coming years.

In other recent news, Equifax Inc . reported its first-quarter 2025 earnings, revealing a strong performance that exceeded revenue expectations. The company achieved a revenue of $1.442 billion, surpassing forecasts by $37 million, although the actual EPS of $1.06 fell short of the $1.40 forecast. However, the adjusted EPS was $1.53, which exceeded the guidance midpoint, reflecting operational efficiencies. Equifax also maintained its 2025 guidance of 6% revenue growth, indicating confidence in its strategic initiatives despite challenges in the mortgage market. In terms of product development, Equifax launched new mortgage and loan solutions using EFX.ai, aiming to enhance its offerings in the financial sector. The company continues to focus on innovation and cloud transformation as key drivers of its growth strategy. Equifax’s debt leverage remains aligned with long-term goals at 2.5 turns, showcasing its financial stability. Additionally, the company recently announced a 28% increase in its quarterly dividend and authorized a new $3 billion share repurchase program, reflecting its strong cash flow and commitment to returning capital to shareholders.

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