TransUnion (TRU) Lifted to “Buy” at Zacks Investment Research
TransUnion (NYSE:TRU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The brokerage presently has a $64.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price objective points to a potential upside of 12.01% from the stock’s current price.
According to Zacks, “TransUnion 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 high consumer awareness about the usage of credit information are further propelling demand. In addition, the inherent nature and significance of its solutions in customers’ decision-making endow it with high customer retention and revenue visibility. As emerging market economies continue to develop and mature, the company is well-positioned to gain from the associated favorable socio-economic trends. The company also outperformed the industry in the last three months. However, TransUnion operates in a highly competitive market, which restricts its pricing power and limits profitability to some extent.”
Other equities research analysts also recently issued reports about the company. Royal Bank of Canada restated a “buy” rating and set a $57.00 price target on shares of TransUnion in a research note on Friday, October 27th. JPMorgan Chase & Co. boosted their price target on TransUnion from $54.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. Robert W. Baird restated a “buy” rating and set a $62.00 price target on shares of TransUnion in a research note on Tuesday. Atlantic Securities upgraded TransUnion from a “neutral” rating to an “overweight” rating in a research note on Friday, November 17th. Finally, Morgan Stanley boosted their price objective on TransUnion from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. TransUnion currently has an average rating of “Buy” and an average price target of $57.55.
TransUnion (TRU) traded up $0.35 during trading on Friday, hitting $57.14. The company’s stock had a trading volume of 511,300 shares, compared to its average volume of 1,189,250. The company has a market cap of $10,360.00 and a P/E ratio of 43.95. TransUnion has a 1-year low of $31.35 and a 1-year high of $57.24. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.51.
TransUnion (NYSE:TRU) last released its quarterly earnings results on Friday, October 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.06. The business had revenue of $498.00 million during the quarter, compared to the consensus estimate of $475.52 million. TransUnion had a return on equity of 21.37% and a net margin of 13.17%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS. equities research analysts forecast that TransUnion will post 1.71 EPS for the current fiscal year.
In other TransUnion news, CEO James M. Peck sold 18,106 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $52.25, for a total value of $946,038.50. Following the completion of the transaction, the chief executive officer now directly owns 202,343 shares in the company, valued at approximately $10,572,421.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Todd M. Cello sold 4,110 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $52.97, for a total value of $217,706.70. Following the completion of the transaction, the chief financial officer now owns 21,963 shares of the company’s stock, valued at $1,163,380.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,630,224 shares of company stock valued at $243,986,497. 2.10% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its stake in TransUnion by 8.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,482 shares of the business services provider’s stock worth $238,000 after purchasing an additional 404 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in TransUnion by 17.0% in the 2nd 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 period. Prudential Financial Inc. boosted its stake in TransUnion by 12.5% in the 2nd quarter. Prudential Financial Inc. now owns 10,690 shares of the business services provider’s stock worth $463,000 after purchasing an additional 1,190 shares during the period. Teacher Retirement System of Texas boosted its stake in TransUnion by 26.7% in the 3rd quarter. Teacher Retirement System of Texas now owns 12,739 shares of the business services provider’s stock worth $602,000 after purchasing an additional 2,681 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in TransUnion by 20.4% in the 3rd quarter. Great West Life Assurance Co. Can now owns 16,814 shares of the business services provider’s stock worth $800,000 after purchasing an additional 2,853 shares during the period.
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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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