TransUnion (NYSE:TRU) Upgraded by Zacks Investment Research to “Buy”
Zacks Investment Research upgraded shares of TransUnion (NYSE:TRU) from a hold rating to a buy rating in a research note issued to investors on Thursday morning. The brokerage currently has $51.00 price objective on the business services provider’s stock.
According to Zacks, “TransUnion reported solid second-quarter 2017 results with healthy improvement in earnings and revenues that also beat the respective Zacks Consensus Estimates. The company is poised for impressive growth in several of its end markets 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 higher consumer awareness about the usage of credit information are propelling the demand for its consumer solutions. With solid quarterly results and favourable growth dynamics, the company also raised its guidance for 2017. TransUnion has outperformed the industry year to date. However, it is vulnerable to the overall macroeconomic conditions, industry trends, seasonality issues, adverse foreign currency translation effects and developments in the credit market, which limit its profitability to some extent.”
Several other research analysts have also weighed in on the stock. Morgan Stanley reissued an overweight rating and set a $50.00 price objective (up from $47.00) on shares of TransUnion in a report on Wednesday, July 26th. TheStreet raised shares of TransUnion from a c rating to a b- rating in a report on Monday, June 26th. Barclays PLC reissued an overweight rating and set a $48.00 price objective (up from $45.00) on shares of TransUnion in a report on Friday, June 16th. Deutsche Bank AG reissued a buy rating and set a $47.00 price objective (up from $45.00) on shares of TransUnion in a report on Saturday, April 29th. Finally, Royal Bank Of Canada reissued a buy rating and set a $45.00 price objective on shares of TransUnion in a report on Wednesday, April 26th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. TransUnion has an average rating of Buy and a consensus target price of $46.75.
Shares of TransUnion (NYSE TRU) traded up 1.02% during midday trading on Thursday, hitting $45.75. 119,090 shares of the stock were exchanged. TransUnion has a 12-month low of $28.92 and a 12-month high of $46.32. The company has a market cap of $8.32 billion, a PE ratio of 39.37 and a beta of 0.60. The firm has a 50-day moving average price of $44.16 and a 200-day moving average price of $39.42.
TransUnion (NYSE:TRU) last announced 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. The company had revenue of $474.80 million during the quarter, compared to analyst estimates of $464.77 million. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the business earned $0.37 EPS. On average, equities analysts predict that TransUnion will post $1.82 EPS for the current year.
In other news, CFO Samuel A. Hamood sold 145,000 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $39.15, for a total value of $5,676,750.00. Following the transaction, the chief financial officer now directly owns 20,243 shares in the company, valued at approximately $792,513.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John W. Blenke sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $41.82, for a total transaction of $418,200.00. Following the completion of the transaction, the executive vice president now owns 114,717 shares in the company, valued at $4,797,464.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,320,945 shares of company stock worth $443,241,697. Insiders own 2.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of TRU. World Asset Management Inc acquired a new position in TransUnion during the second quarter worth about $247,000. Egerton Capital UK LLP acquired a new position in TransUnion during the second quarter worth about $92,235,000. Independent Franchise Partners LLP increased its position in TransUnion by 40.3% in the second quarter. Independent Franchise Partners LLP now owns 1,843,946 shares of the business services provider’s stock worth $79,861,000 after buying an additional 529,998 shares during the last quarter. Great West Life Assurance Co. Can increased its position in TransUnion by 18.4% in the second quarter. Great West Life Assurance Co. Can now owns 13,961 shares of the business services provider’s stock worth $604,000 after buying an additional 2,172 shares during the last quarter. Finally, NGAM Advisors L.P. increased its position in TransUnion by 22.1% in the second quarter. NGAM Advisors L.P. now owns 12,657 shares of the business services provider’s stock worth $548,000 after buying an additional 2,294 shares during the last quarter.
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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