Investing.com - Financial Markets Worldwide

TransUnion stock initiated with Neutral rating at Seaport Global

Published 01/10/2025, 13:20
TransUnion stock initiated with Neutral rating at Seaport Global
TRU
5.21%

Investing.com - Seaport Global Securities initiated coverage of TransUnion (NYSE:TRU) with a Neutral rating on Wednesday. The company, currently trading at $83.78 with a market capitalization of $16.32 billion, shows mixed signals according to InvestingPro data.

The research firm positioned TransUnion as one of the three global credit bureaus with significant exposure to the financial services industry, including FinTech companies.

Seaport Global highlighted TransUnion’s dominant international presence, specifically noting India as the company’s "Crown Jewel" in its global operations.

Despite recognizing TransUnion’s strong market position, Seaport Global expressed near-term caution regarding the credit reporting company’s outlook.

The firm specifically cited "potential storm clouds around the lower-end consumer" as a key factor in its neutral stance on the stock.

In other recent news, TransUnion has reported quarterly results that surpassed both consensus estimates and its own guidance, showcasing stable lending volumes. Following these results, BMO Capital raised its price target for TransUnion to $118, maintaining an Outperform rating. Stifel also increased its price target from $112 to $127, citing the company’s internal efforts and slightly improved end markets, while keeping a Buy rating. Needham upgraded TransUnion from Hold to Buy, with a price target of $115, based on strong growth indicators and momentum with fintech clients. RBC Capital reiterated an Outperform rating with a price target of $121, highlighting the company’s attractive valuation and potential to exceed fiscal year 2025 guidance. Additionally, TransUnion declared a quarterly dividend of $0.115 per share, payable on September 8, 2025, to shareholders of record as of August 22, 2025. These developments reflect a positive outlook for TransUnion in the eyes of several investment firms.

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