TransUnion (NYSE:TRU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
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 are further propelling demand. TransUnion serves a broad range of customers across multiple geographies and verticals. 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 has 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.”
Other equities research analysts also recently issued research reports about the company. Morgan Stanley set a $57.00 price objective on TransUnion and gave the company a “hold” rating in a report on Wednesday, February 14th. Stifel Nicolaus reissued a “buy” rating and issued a $62.00 price objective (up previously from $59.00) on shares of TransUnion in a report on Wednesday, February 14th. Royal Bank of Canada increased their price objective on TransUnion to $60.00 and gave the company an “outperform” rating in a report on Tuesday, December 19th. ValuEngine raised TransUnion from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Robert W. Baird reissued a “buy” rating and issued a $62.00 price objective on shares of TransUnion in a report on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. TransUnion has a consensus rating of “Buy” and a consensus target price of $60.30.
Shares of NYSE TRU traded up $1.16 during trading hours on Tuesday, hitting $59.84. The company had a trading volume of 385,222 shares, compared to its average volume of 1,330,698. The company has a market cap of $10,810.37, a PE ratio of 34.98, a PEG ratio of 2.81 and a beta of 0.74. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.29. TransUnion has a 1-year low of $38.28 and a 1-year high of $61.42.
TransUnion (NYSE:TRU) last released its quarterly earnings data on Tuesday, February 13th. The business services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $506.10 million during the quarter, compared to the consensus estimate of $487.83 million. TransUnion had a return on equity of 20.73% and a net margin of 22.81%. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. sell-side analysts predict that TransUnion will post 2.1 EPS for the current fiscal year.
In other TransUnion news, EVP David M. Neenan sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $58.42, for a total transaction of $2,921,000.00. Following the completion of the sale, the executive vice president now owns 99,583 shares of the company’s stock, valued at approximately $5,817,638.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John T. Danaher sold 85,630 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $58.34, for a total value of $4,995,654.20. Following the sale, the executive vice president now directly owns 61,794 shares of the company’s stock, valued at approximately $3,605,061.96. The disclosure for this sale can be found here. Insiders have sold a total of 174,345 shares of company stock valued at $10,156,056 in the last ninety days. Insiders own 1.18% of the company’s stock.
A number of institutional investors have recently made changes to their positions in TRU. Strs Ohio bought a new position in TransUnion during the 4th quarter worth $107,000. Valeo Financial Advisors LLC bought a new position in TransUnion during the 4th quarter worth $113,000. LS Investment Advisors LLC bought a new position in TransUnion during the 4th quarter worth $131,000. Robeco Institutional Asset Management B.V. bought a new position in TransUnion during the 4th quarter worth $136,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in TransUnion during the 4th quarter worth $137,000.
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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