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TransUnion (NYSE:TRU) Downgraded to "Hold" Rating by Wall Street Zen

TransUnion logo with Business Services background

Key Points

  • TransUnion has been downgraded by Wall Street Zen from a "buy" rating to a "hold" rating, signaling a less favorable outlook for the stock.
  • Other analysts issued mixed ratings, with Bank of America assigning an "underperform" rating and a target price of $84, while Oppenheimer set a target of $108 with an "outperform" rating.
  • Despite the recent downgrade, TransUnion reported strong quarterly earnings, beating estimates with an EPS of $1.08 and a revenue of $1.14 billion, reflecting a 9.5% year-over-year increase.
  • MarketBeat previews top five stocks to own in September.

TransUnion (NYSE:TRU - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Sunday.

Other analysts have also recently issued reports about the company. Bank of America initiated coverage on TransUnion in a research note on Thursday, April 10th. They issued an "underperform" rating and a $84.00 price target for the company. Wells Fargo & Company lowered their target price on TransUnion from $124.00 to $118.00 and set an "overweight" rating for the company in a research note on Friday, July 25th. Oppenheimer increased their target price on TransUnion from $100.00 to $108.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. UBS Group reissued a "neutral" rating and set a $105.00 target price (up from $98.00) on shares of TransUnion in a research note on Friday, July 25th. Finally, Needham & Company LLC reissued a "hold" rating on shares of TransUnion in a research note on Friday, July 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $112.46.

Check Out Our Latest Analysis on TransUnion

TransUnion Stock Performance

Shares of TRU stock opened at $92.01 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.03 and a quick ratio of 2.02. The stock has a market cap of $17.92 billion, a PE ratio of 46.01, a price-to-earnings-growth ratio of 2.57 and a beta of 1.65. The stock has a 50-day moving average of $89.75 and a 200-day moving average of $87.97. TransUnion has a one year low of $66.38 and a one year high of $113.17.

TransUnion (NYSE:TRU - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The business services provider reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.09. The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.10 billion. TransUnion had a return on equity of 16.08% and a net margin of 8.99%. TransUnion's revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 EPS. As a group, sell-side analysts expect that TransUnion will post 3.99 earnings per share for the current year.

Insiders Place Their Bets

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $87.14, for a total transaction of $87,140.00. Following the completion of the transaction, the insider owned 74,393 shares of the company's stock, valued at $6,482,606.02. This represents a 1.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.22% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TransUnion

Several large investors have recently made changes to their positions in TRU. Wellington Management Group LLP boosted its holdings in shares of TransUnion by 61.2% in the 1st quarter. Wellington Management Group LLP now owns 10,877,953 shares of the business services provider's stock valued at $902,761,000 after buying an additional 4,128,104 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of TransUnion by 10.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 21,674,473 shares of the business services provider's stock valued at $1,798,765,000 after buying an additional 2,134,342 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of TransUnion by 41.7% in the 2nd quarter. William Blair Investment Management LLC now owns 4,739,103 shares of the business services provider's stock valued at $417,041,000 after buying an additional 1,394,813 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of TransUnion in the 4th quarter valued at approximately $74,283,000. Finally, Nuveen LLC acquired a new stake in shares of TransUnion in the 1st quarter valued at approximately $55,607,000.

About TransUnion

(Get Free Report)

TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates through U.S. Markets, International, and Consumer Interactive segments. The U.S. Markets segment provides consumer reports, actionable insights, and analytic services to businesses, which uses its services to acquire new customers; assess consumer ability to pay for services; identify cross-selling opportunities; measure and manage debt portfolio risk; collect debt; verify consumer identities; and mitigate fraud risk.

Further Reading

Analyst Recommendations for TransUnion (NYSE:TRU)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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