Zacks Investment Research upgraded shares of TransUnion (NYSE:TRU) from a hold rating to a buy rating in a report issued on Monday. They currently have $48.00 price target on the business services provider’s stock.
According to Zacks, “TransUnion is poised for impressive growth in several of its end markets, especially the burgeoning Big Data and analytics market, with an attractive business model, significant operating leverage, low capital requirements and strong and stable cash flows. Increased risk of identity theft due to data breaches and high consumer awareness about the usage of credit information are propelling the demand for its consumer solutions. In addition, the significance of its solutions in customers’ decision-making process endows it with high customer retention and revenue visibility. TransUnion has also outperformed the industry year to date. Management further increased its guidance on healthy growth dynamics and sustained investments. However, the company is vulnerable to the overall macroeconomic conditions, industry trends and stiff competitive pressures, which limit its profitability to some extent.”
Several other equities research analysts have also recently weighed in on TRU. Barclays PLC reiterated an overweight rating and set a $48.00 price objective (up from $45.00) on shares of TransUnion in a research report on Friday, June 16th. TheStreet upgraded shares of TransUnion from a c rating to a b- rating in a research report on Monday, June 26th. Morgan Stanley reiterated an overweight rating and set a $47.00 price objective (up from $45.00) on shares of TransUnion in a research report on Tuesday, July 18th. Cowen and Company reiterated a buy rating and set a $48.00 price objective on shares of TransUnion in a research report on Friday, July 28th. Finally, BidaskClub upgraded shares of TransUnion from a buy rating to a strong-buy rating in a research report on Monday, August 14th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. TransUnion has an average rating of Buy and a consensus price target of $47.44.
TransUnion (NYSE:TRU) opened at 44.52 on Monday. The stock has a 50 day moving average of $44.07 and a 200 day moving average of $44.07. TransUnion has a one year low of $28.92 and a one year high of $48.65. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 38.31 and a beta of 0.60.
TransUnion (NYSE:TRU) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.03. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The company had revenue of $474.80 million during the quarter, compared to analysts’ expectations of $464.77 million. During the same period in the prior year, the company posted $0.37 earnings per share. TransUnion’s revenue for the quarter was up 11.5% compared to the same quarter last year. Equities research analysts predict that TransUnion will post $1.83 EPS for the current fiscal year.
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In other TransUnion news, CAO Timothy Elberfeld sold 902 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $45.43, for a total value of $40,977.86. Following the completion of the sale, the chief accounting officer now directly owns 15,423 shares in the company, valued at $700,666.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James M. Peck sold 39,229 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $47.83, for a total transaction of $1,876,323.07. Following the completion of the sale, the insider now owns 202,343 shares of the company’s stock, valued at $9,678,065.69. The disclosure for this sale can be found here. Insiders sold 14,108,060 shares of company stock valued at $643,354,118 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.
Large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in TransUnion by 37.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,086 shares of the business services provider’s stock worth $157,000 after purchasing an additional 1,108 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in TransUnion by 138.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 4,009 shares of the business services provider’s stock worth $174,000 after purchasing an additional 2,329 shares during the period. SG Americas Securities LLC acquired a new stake in TransUnion in the second quarter worth $212,000. Alpine Global Management LLC acquired a new stake in TransUnion in the second quarter worth $217,000. Finally, Schmidt P J Investment Management Inc. acquired a new stake in TransUnion in the second quarter worth $230,000.
TransUnion is a risk and information solutions provider to businesses and consumers. The Company provides consumer reports, risk scores, analytical services and decision capabilities to businesses. The Company operates through three segments: U.S. Information Services (USIS), International and Consumer Interactive.
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