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TransUnion (TRU) Launches FICO Score 10 in Canadian Market

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TransUnion (TRU - Free Report) Canada yesterday announced the addition of a new FICO Score service in the country. Known as FICO Score 10, the service has been designed to perform better than the other FICO scores in Canada.

It is based on TransUnion’s big storehouse of consumer credit information and (FICO - Free Report) ’s 30 years of scoring innovation. It includes features from traditional TransUnion credit bureau data that were not used in prior FICO scores, while its design enables ease of adoption.

Brett Mooney, Transunion’s regional president of Canada, noted, “This new score is another example of the breadth and depth of the solutions TransUnion delivers to support our customers in Canada. We remain focused on enhancing financial inclusion, delivering powerful insights to our clients and enabling them to achieve superior business returns in the market.”

TransUnion’s gigantic treasure trove of data is its most distinguishing asset and also perhaps the biggest barrier to entry for competitors. Acquiring or building such data involves huge costs, making it extremely difficult for a new company to compete with TransUnion in this regard. This fortifies TransUnion's ability to sustain its competitive advantage and protect its market share.

TransUnion has a decent run on the bourses in the past month. The stock gained 7.9% compared with 10.2% growth of the industry it belongs to and 9.5% rise of the Zacks S&P 500 composite.

Zacks Rank and Stocks to Consider

TransUnion currently carries a Zacks Rank #4 (Sell).

Some better-ranked stocks in the broader Business Services sector that investors may consider are Cross Country Healthcare (CCRN - Free Report) and NV5 Global (NVEE - Free Report) .

Cross Country Healthcare sports a Zacks Rank #1 (Strong Buy). The company has a long-term earnings growth of 6.6%. You can see the complete list of today’s Zacks #1 Rank stocks here.

Cross Country Healthcare has delivered a trailing four-quarter earnings surprise of 41.5%, on average. CCRN’s shares have surged 62.5% in the past year.

NV5 Global also carries a Zacks Rank #1. The company has an expected earnings growth rate of 6.1% for the current year. It has delivered a trailing four-quarter earnings surprise of 22.2%, on average.

NV5 Global’s shares have surged 41.4% in the past year. The company has a long-term earnings growth of 14.2%.

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