Baird analyst Jeffrey Meuler maintains $TransUnion (TRU.US)$ with a buy rating, and adjusts the target price from $104 to $130.
According to TipRanks data, the analyst has a success rate of 61.4% and a total average return of 5.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $TransUnion (TRU.US)$'s main analysts recently are as follows:
The firm's expectations for TransUnion remain positive, following what is described as 'another solid result with guidance raise.' The anticipation of continued tailwinds is maintained as credit markets return to normal.
The analyst notes that TransUnion reported robust Q3 results, with an adjusted EPS of $1.04, surpassing both the analyst's estimate of $1.03 and the consensus of $1.01. Additionally, due to the sustained business momentum, management has increased the guidance for FY24.
The firm believes that a combination of solid structural growth, improved macroeconomic conditions, and specific company factors are poised to fuel robust multi-year expansion for TransUnion, with the valuation appearing appealing when normalized for macroeconomic and consumer credit cycles.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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