J.P. Morgan analyst Andrew Steinerman maintains $TransUnion (TRU.US)$ with a buy rating, and adjusts the target price from $99 to $124.
According to TipRanks data, the analyst has a success rate of 73.0% and a total average return of 13.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $TransUnion (TRU.US)$'s main analysts recently are as follows:
TransUnion has delivered another strong performance with an upward revision in guidance. The anticipation of continued momentum as credit markets return to normalcy has been highlighted.
The company's Q3 results were robust, featuring an adjusted EPS of $1.04, surpassing both the anticipated $1.03 and the consensus of $1.01. Following these positive results, the company's management has elevated the FY24 guidance, citing sustained business momentum.
The firm believes that robust structural growth, improved macroeconomic conditions, and particular company-specific factors are anticipated to fuel significant multi-year expansion, with valuation appearing appealing when adjusted for macroeconomic and consumer-credit cycles.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
