TransUnion (NYSE:TRU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $56.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.93% from the company’s previous close.
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. As emerging market economies continue to develop and mature, the company is well-positioned to gain from the associated favorable socio-economic trends. 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 analysts have also recently weighed in on TRU. Barclays PLC reaffirmed an “overweight” rating and set a $48.00 target price (up previously from $45.00) on shares of TransUnion in a research note on Friday, June 16th. TheStreet raised shares of TransUnion from a “c” rating to a “b-” rating in a research note on Monday, June 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $47.00 target price (up previously from $45.00) on shares of TransUnion in a research note on Tuesday, July 18th. Cowen and Company reaffirmed a “buy” rating and set a $48.00 target price on shares of TransUnion in a research note on Friday, July 28th. Finally, BidaskClub raised shares of TransUnion from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. TransUnion presently has an average rating of “Buy” and a consensus target price of $48.33.
Shares of TransUnion (NYSE:TRU) opened at 49.59 on Wednesday. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 42.68 and a beta of 0.58. TransUnion has a 52-week low of $28.92 and a 52-week high of $50.15. The company’s 50-day moving average price is $46.59 and its 200-day moving average price is $46.59.
TransUnion (NYSE:TRU) last posted its earnings results on Tuesday, July 25th. The business services provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.03. The firm had revenue of $474.80 million for the quarter, compared to analysts’ expectations of $464.77 million. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The company’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Equities research analysts forecast that TransUnion will post $1.83 EPS for the current fiscal year.
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In related news, CAO Timothy Elberfeld sold 902 shares of the business’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 sale, the chief accounting officer now owns 15,423 shares of the company’s stock, valued at $700,666.89. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John W. Blenke sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $46.24, for a total transaction of $462,400.00. Following the completion of the sale, the executive vice president now directly owns 79,717 shares in the company, valued at approximately $3,686,114.08. The disclosure for this sale can be found here. In the last three months, insiders sold 14,108,242 shares of company stock worth $643,363,096. 2.10% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado grew its stake in shares of 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of TransUnion by 17.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,780 shares of the business services provider’s stock worth $207,000 after purchasing an additional 694 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of TransUnion in the second quarter worth $212,000. Alpine Global Management LLC bought a new stake in shares of TransUnion in the second quarter worth $217,000. Finally, Wolverine Trading LLC bought a new stake in shares of TransUnion in the second quarter worth $232,000.
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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