TransUnion (TRU) Lifted to Buy at Zacks Investment Research
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 Wednesday. The brokerage currently has $52.00 price target on the business services provider’s stock.
According to Zacks, “TransUnion is poised for impressive growth in several of its end markets 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 demand for its consumer solutions. The company continues to make significant investments to modernize its infrastructure and facilitate the seamless transition to the latest Big Data and analytics technologies. With solid quarterly results and favorable growth dynamics, the company raised its guidance for 2017. TransUnion has also 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 brokerages have also issued reports on TRU. Royal Bank Of Canada reaffirmed a buy rating and set a $45.00 price objective on shares of TransUnion in a report on Wednesday, April 26th. Morgan Stanley reaffirmed an overweight rating and set a $47.00 price objective (up previously from $45.00) on shares of TransUnion in a report on Tuesday, July 18th. Barclays PLC reaffirmed a buy rating and set a $45.00 price objective on shares of TransUnion in a report on Thursday, April 27th. Cowen and Company raised their price objective on TransUnion from $42.00 to $44.00 and gave the stock an outperform rating in a report on Wednesday, April 26th. Finally, BidaskClub raised TransUnion from a buy rating to a strong-buy rating in a report on Monday, August 14th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $46.88.
TransUnion (NYSE TRU) opened at 47.16 on Wednesday. The firm has a 50-day moving average price of $45.67 and a 200-day moving average price of $41.39. TransUnion has a 12-month low of $28.92 and a 12-month high of $47.75. The company has a market cap of $8.58 billion, a P/E ratio of 40.59 and a beta of 0.61.
TransUnion (NYSE:TRU) last issued its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.03. The company had revenue of $474.80 million for the quarter, compared to analyst estimates of $464.77 million. TransUnion had a return on equity of 20.32% and a net margin of 12.08%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 earnings per share. On average, analysts forecast that TransUnion will post $1.83 earnings per share for the current fiscal year.
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In other news, insider James M. Peck sold 75,658 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $45.46, for a total transaction of $3,439,412.68. Following the completion of the sale, the insider now owns 276,284 shares in the company, valued at $12,559,870.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Timothy Elberfeld sold 902 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $45.43, for a total transaction of $40,977.86. Following the sale, the chief accounting officer now owns 15,423 shares of the company’s stock, valued at approximately $700,666.89. The disclosure for this sale can be found here. Insiders have sold 14,047,490 shares of company stock valued at $640,561,199 in the last quarter. Insiders own 2.10% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of TransUnion by 37.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,086 shares of the business services provider’s stock valued at $157,000 after buying an additional 1,108 shares during the period. Public Employees Retirement Association of Colorado increased 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 valued at $174,000 after buying an additional 2,329 shares during the period. SG Americas Securities LLC acquired a new stake in shares of TransUnion during the second quarter valued at $212,000. Alpine Global Management LLC acquired a new stake in shares of TransUnion during the second quarter valued at $217,000. Finally, Schmidt P J Investment Management Inc. acquired a new stake in shares of TransUnion during the second quarter valued at $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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