Equifax (EFX – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Kyle Peterson from Needham reiterated a Buy rating on the stock and has a $295.00 price target.
Kyle Peterson has given his Buy rating due to a combination of factors that highlight Equifax’s strong financial performance and strategic initiatives. The company’s first-quarter results exceeded market expectations in both revenue and earnings, driven by robust mortgage growth and the successful introduction of new products.
Furthermore, Equifax’s decision to increase its quarterly dividend by 28.2% and authorize a $3 billion share repurchase program reflects a strong commitment to returning capital to shareholders, supported by improved free cash flow conversion. Despite recent stock price gains, Peterson views the investment as having a favorable risk-reward profile, making it an attractive option for investors seeking a stable position in the information services sector.
Peterson covers the Technology sector, focusing on stocks such as Fair Isaac, Alight, and MoneyLion. According to TipRanks, Peterson has an average return of 0.1% and a 42.53% success rate on recommended stocks.
In another report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $277.00 price target.