TransUnion (TRU) Upgraded by Barclays PLC to Overweight
TransUnion (NYSE:TRU) was upgraded by research analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating in a report issued on Wednesday, StockTargetPrices.com reports. The firm presently has a $37.00 target price on the stock. Barclays PLC’s price objective would suggest a potential upside of 11.78% from the stock’s previous close.
A number of other brokerages have also weighed in on TRU. Morgan Stanley reissued a “hold” rating and set a $36.00 price target on shares of TransUnion in a research note on Thursday, July 28th. Deutsche Bank AG reissued a “buy” rating on shares of TransUnion in a research note on Thursday, June 16th. Stifel Nicolaus increased their price target on TransUnion from $36.50 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Zacks Investment Research lowered TransUnion from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, Robert W. Baird began coverage on TransUnion in a research note on Wednesday, May 25th. They set an “outperform” rating and a $36.00 price target on the stock. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $34.11.
TransUnion (NYSE:TRU) opened at 33.10 on Wednesday. TransUnion has a 1-year low of $20.43 and a 1-year high of $35.79. The firm has a market capitalization of $6.05 billion, a PE ratio of 135.66 and a beta of 0.37. The company’s 50-day moving average price is $32.83 and its 200 day moving average price is $31.25.
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TransUnion (NYSE:TRU) last announced its earnings results on Tuesday, July 26th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. The firm had revenue of $426 million for the quarter, compared to analysts’ expectations of $414.70 million. TransUnion had a return on equity of 16.06% and a net margin of 2.81%. TransUnion’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. On average, equities analysts anticipate that TransUnion will post $1.39 EPS for the current year.
In other TransUnion news, EVP Gerald M. Mccarthy, Jr. sold 12,522 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $32.22, for a total value of $403,458.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Timothy Elberfeld sold 4,891 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $32.80, for a total value of $160,424.80. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRU. Ladenburg Thalmann Financial Services Inc. bought a new position in TransUnion during the first quarter valued at approximately $118,000. Metropolitan Life Insurance Co. NY increased 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 valued at $133,000 after buying an additional 1,886 shares in the last quarter. BlackRock Inc. increased 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 valued at $140,000 after buying an additional 4,213 shares in the last quarter. Envestnet Asset Management Inc. increased 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 valued at $150,000 after buying an additional 774 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased 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 valued at $155,000 after buying an additional 291 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.
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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