TransUnion (TRU) Raised to Overweight at Barclays PLC
TransUnion (NYSE:TRU) was upgraded by Barclays PLC from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Wednesday. The brokerage presently has a $37.00 price objective on the stock. Barclays PLC’s target price points to a potential upside of 11.78% from the company’s current price.
Several other research analysts have also recently issued reports on TRU. Robert W. Baird started coverage on shares of TransUnion in a report on Wednesday, May 25th. They issued an “outperform” rating and a $36.00 target price on the stock. Stifel Nicolaus raised their target price on shares of TransUnion from $33.00 to $36.50 and gave the stock a “buy” rating in a report on Wednesday, June 8th. Deutsche Bank AG restated a “buy” rating on shares of TransUnion in a report on Thursday, June 16th. Zacks Investment Research cut shares of TransUnion from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Morgan Stanley restated a “hold” rating and issued a $36.00 target price on shares of TransUnion in a report on Thursday, July 28th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. TransUnion currently has a consensus rating of “Buy” and a consensus target price of $34.11.
TransUnion (NYSE:TRU) opened at 33.10 on Wednesday. TransUnion has a 12-month low of $20.43 and a 12-month high of $35.79. The firm’s 50-day moving average is $32.83 and its 200 day moving average is $31.25. The firm has a market cap of $6.05 billion, a P/E ratio of 135.66 and a beta of 0.37.
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TransUnion (NYSE:TRU) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. The firm had revenue of $426 million for the quarter, compared to the consensus estimate of $414.70 million. TransUnion had a net margin of 2.81% and a return on equity of 16.06%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share. Equities analysts forecast that TransUnion will post $1.39 earnings per share for the current year.
In related news, VP Timothy Elberfeld sold 4,891 shares of TransUnion stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $32.80, for a total value of $160,424.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Samuel A. Hamood sold 30,000 shares of TransUnion stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $32.82, for a total transaction of $984,600.00. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. acquired a new stake in shares of TransUnion during the first quarter worth approximately $118,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of TransUnion by 89.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 3,985 shares of the company’s stock worth $133,000 after buying an additional 1,886 shares during the period. BlackRock Inc. boosted its stake in shares of TransUnion by 475.0% in the first quarter. BlackRock Inc. now owns 5,100 shares of the company’s stock worth $140,000 after buying an additional 4,213 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of TransUnion by 16.6% in the first quarter. Envestnet Asset Management Inc. now owns 5,443 shares of the company’s stock worth $150,000 after buying an additional 774 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of TransUnion by 6.7% in the second quarter. BNP Paribas Arbitrage SA now owns 4,643 shares of the company’s stock worth $155,000 after buying an additional 291 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.
TransUnion, formerly TransUnion Holding Company, Inc, is a risk and information solutions provider to businesses and consumers. The Company operates through three segments: US Information Services (USIS), International and Consumer Interactive. The USIS segment provides consumer reports, risk scores, analytical services and decisioning capabilities to businesses.
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