Zacks Investment Research upgraded shares of TransUnion (NYSE:TRU) from a hold rating to a buy rating in a research report report published on Monday morning. Zacks Investment Research currently has $48.00 price objective 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.”
A number of other brokerages have also issued reports on TRU. Cowen and Company restated a buy rating and set a $48.00 target price on shares of TransUnion in a research report on Thursday, September 7th. Deutsche Bank AG restated a buy rating on shares of TransUnion in a research report on Friday, September 8th. SunTrust Banks, Inc. began coverage on shares of TransUnion in a research report on Tuesday, September 5th. They set a buy rating and a $54.00 target price on the stock. BidaskClub upgraded shares of TransUnion from a buy rating to a strong-buy rating in a research report on Monday, August 14th. Finally, Morgan Stanley restated an overweight rating and set a $50.00 target price (up previously from $47.00) on shares of TransUnion in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. TransUnion currently has an average rating of Buy and a consensus target price of $47.44.
TransUnion (TRU) opened at 44.94 on Monday. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of 38.67 and a beta of 0.60. The firm has a 50-day moving average of $44.07 and a 200-day moving average of $44.07. TransUnion has a 1-year low of $28.92 and a 1-year high of $48.65.
TransUnion (NYSE:TRU) last announced its earnings results on Tuesday, July 25th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $474.80 million for the quarter, compared to analyst estimates of $464.77 million. During the same quarter last year, the business earned $0.37 earnings per share. TransUnion’s revenue was up 11.5% compared to the same quarter last year. Equities research analysts anticipate that TransUnion will post $1.83 EPS for the current year.
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In other TransUnion news, major shareholder Goldman Sachs Group Inc sold 13,734,177 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $45.60, for a total transaction of $626,278,471.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Samuel A. Hamood sold 21,341 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $42.95, for a total transaction of $916,595.95. Following the transaction, the executive vice president now directly owns 20,243 shares in the company, valued at approximately $869,436.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,108,060 shares of company stock worth $643,354,118. 2.10% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of TRU. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in TransUnion by 37.2% during 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 raised its stake in TransUnion by 138.6% during 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 purchased a new position in TransUnion during the second quarter worth approximately $212,000. Alpine Global Management LLC purchased a new position in TransUnion during the second quarter worth approximately $217,000. Finally, Schmidt P J Investment Management Inc. purchased a new position in TransUnion during the second quarter worth approximately $230,000.
TransUnion Company Profile
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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