Bank of America Securities analyst Heather Balsky reiterated a Hold rating on TransUnion (TRU – Research Report) yesterday and set a price target of $92.00.
Heather Balsky’s rating is based on the assessment that TransUnion’s (TRU) current market valuation reflects a balanced risk/reward scenario. The company’s first quarter earnings surpassed expectations, with a notable increase in earnings per share (EPS) driven by robust mortgage revenue. Furthermore, management’s upward revision of the 2024 EPS outlook by 3% indicates strong performance and a positive future trajectory. This revision was supported by a projected 5-6.5% organic sales growth and an improvement in margin expectations. However, despite these positive indicators, Balsky maintains a neutral stance, suggesting that the current stock price already accounts for the potential upsides.
The hold rating also considers the company’s efforts to improve guidance predictability and investor confidence, which have been challenges in the past. TransUnion’s performance excluding mortgage-related activities also showed strength, specifically in international markets and emerging verticals such as insurance and media. Balsky acknowledges these improvements by raising the price objective slightly to $92 from the previous $90, based on a 20 times multiple of the revised 2025 EPS estimate. Nevertheless, the hold rating implies that while the company is showing favorable signs, the benefits might already be reflected in the stock’s current trading range, and thus, investors should not expect significant short-term gains.
According to TipRanks, Balsky is ranked #3687 out of 8739 analysts.
In another report released today, Barclays also maintained a Hold rating on the stock with a $75.00 price target.
TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today.
TransUnion (TRU) Company Description:
TransUnion engages in the provision of information and risk management solutions. It also provides consumer reports, risk scores, analytical services and decision making capabilities to businesses. It operates through the following segments: U.S. Information Services (USIS), International, Consumer Interactive, and Corporate. The USIS segment provides consumer reports, risk scores, analytical services and decision making capabilities to businesses. The International segment provides credit reports, analytics and decision making services and other value-added risk management services. The Consumer Interactive segment offers solutions that help consumers manage their personal finances and take precautions against identity theft. The Corporate segment provides support services to each segment, holds investments and conducts enterprise functions. The company was founded on February 15, 2012 and is headquartered in Chicago, IL.
Read More on TRU:
