TransUnion (NYSE:TRU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday, February 16th. The brokerage presently has a $63.00 price target on the business services provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 7.97% from the stock’s previous close.
According to Zacks, “TransUnion reported strong fourth-quarter 2017 results with healthy year-over-year increase in revenues and earnings on the back of attractive new product launches, rapid vertical growth and solid performance in the international markets. 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 are further propelling demand. 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 six months. However, TransUnion operates in a highly competitive market, which restricts its pricing power and limits profitability to some extent.”
A number of other equities analysts have also weighed in on the stock. Morgan Stanley set a $57.00 price objective on shares of TransUnion and gave the stock a “hold” rating in a report on Wednesday, February 14th. Stifel Nicolaus restated a “buy” rating and issued a $62.00 price objective (up from $59.00) on shares of TransUnion in a report on Wednesday, February 14th. Royal Bank of Canada boosted their price objective on shares of TransUnion to $67.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Bank of America upgraded shares of TransUnion from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. Finally, Robert W. Baird restated a “buy” rating and issued a $62.00 price objective on shares of TransUnion in a report on Tuesday, January 9th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.64.
TransUnion (NYSE:TRU) last issued its quarterly earnings results on Tuesday, February 13th. The business services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. TransUnion had a return on equity of 20.73% and a net margin of 22.81%. The firm had revenue of $506.10 million for the quarter, compared to analysts’ expectations of $487.83 million. During the same period in the previous year, the firm posted $0.44 EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. sell-side analysts forecast that TransUnion will post 2.1 EPS for the current fiscal year.
In other TransUnion news, insider James M. Peck sold 215,381 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $54.80, for a total transaction of $11,802,878.80. Following the completion of the sale, the insider now directly owns 402,343 shares in the company, valued at approximately $22,048,396.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider James M. Peck sold 18,629 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $58.17, for a total transaction of $1,083,648.93. Following the sale, the insider now owns 221,886 shares of the company’s stock, valued at $12,907,108.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 339,432 shares of company stock valued at $19,021,215. Company insiders own 2.10% of the company’s stock.
Several large investors have recently bought and sold shares of TRU. Egerton Capital UK LLP increased its stake in shares of TransUnion by 114.8% in the 3rd quarter. Egerton Capital UK LLP now owns 4,574,259 shares of the business services provider’s stock worth $216,179,000 after purchasing an additional 2,444,617 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of TransUnion in the 3rd quarter worth $99,632,000. TimesSquare Capital Management LLC increased its stake in shares of TransUnion by 80.4% in the 3rd quarter. TimesSquare Capital Management LLC now owns 3,871,900 shares of the business services provider’s stock worth $182,986,000 after purchasing an additional 1,725,300 shares in the last quarter. BlackRock Inc. increased its stake in shares of TransUnion by 26.9% in the 4th quarter. BlackRock Inc. now owns 7,414,930 shares of the business services provider’s stock worth $407,523,000 after purchasing an additional 1,574,041 shares in the last quarter. Finally, Farallon Capital Management LLC increased its stake in shares of TransUnion by 61.7% in the 4th quarter. Farallon Capital Management LLC now owns 3,754,262 shares of the business services provider’s stock worth $206,334,000 after purchasing an additional 1,432,104 shares in the last quarter.
WARNING: “TransUnion (TRU) Raised to “Buy” at Zacks Investment Research” was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://stocknewstimes.com/2018/03/14/transunion-tru-upgraded-by-zacks-investment-research-to-buy-2.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TransUnion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransUnion and related companies with MarketBeat.com's FREE daily email newsletter.