US stock futures edge lower after S&P 500 hits record high; PCE data in focus
Equifax Inc . (NYSE:EFX) stock has experienced a notable downturn, touching a 52-week low of $213.20, with heightened volatility reflected in its beta of 1.65. According to InvestingPro data, 16 analysts have recently revised their earnings expectations downward for the upcoming period. This latest price level reflects a significant retreat from better-performing times for the credit reporting agency. The stock has declined 18.01% over the past six months, with analyst price targets ranging from $255 to $315, suggesting potential upside despite current market pessimism. InvestingPro analysis indicates the stock is currently fairly valued, with additional insights available in the comprehensive Pro Research Report. The 52-week low serves as a critical marker for Equifax, as stakeholders and market watchers assess the company’s strategies for recovery and growth amidst evolving market conditions. The stock’s YTD decline of 8.9% reflects broader market challenges, though the company maintains strong gross profit margins of 56.55%.
In other recent news, Equifax Inc. reported its Q4 2024 earnings, revealing a slight miss in revenue expectations but a minor beat in earnings per share (EPS). The company posted an EPS of $2.12, slightly above the forecast of $2.11, while revenue came in at $1.42 billion, falling short of the $1.44 billion forecast. This mixed performance led to a notable market reaction. Meanwhile, RBC Capital Markets upgraded Equifax’s stock rating to Outperform, setting a new price target of $300. The firm cited potential benefits from a mortgage recovery and FICO price increases, as well as growth in Verification services. In contrast, Barclays (LON:BARC) downgraded Equifax’s stock from Overweight to Equal Weight, reducing the price target to $260, due to concerns over market risks. Barclays analysts noted that Equifax’s financial projections for Q1 2025 were slightly above guidance, but full-year estimates aligned with the mid-point of guidance. Additionally, the company has announced plans to increase its contract compression fleet and focus on energy infrastructure.
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