TransUnion (TRU) Receives Consensus Rating of “Buy” from Brokerages
Shares of TransUnion (NYSE:TRU) have earned an average recommendation of “Buy” from the ten ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $47.00.
TRU has been the topic of a number of recent research reports. Zacks Investment Research cut shares of TransUnion from a “buy” rating to a “hold” rating in a research report on Monday. Morgan Stanley reiterated an “overweight” rating and set a $47.00 price target (up from $45.00) on shares of TransUnion in a research report on Tuesday, July 18th. Cowen and Company reiterated a “buy” rating and set a $48.00 price target on shares of TransUnion in a research report on Friday, July 28th. Barclays PLC reissued an “overweight” rating and set a $48.00 price objective (up previously from $45.00) on shares of TransUnion in a research note on Friday, June 16th. Finally, BidaskClub raised TransUnion from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th.
Shares of TransUnion (NYSE TRU) traded down 0.70% during trading on Tuesday, hitting $46.73. 712,481 shares of the stock were exchanged. TransUnion has a 52 week low of $28.92 and a 52 week high of $47.75. The firm has a 50 day moving average price of $45.67 and a 200 day moving average price of $41.39. The firm has a market capitalization of $8.50 billion, a P/E ratio of 40.22 and a beta of 0.61.
TransUnion (NYSE:TRU) last issued its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The business had revenue of $474.80 million for the quarter, compared to analysts’ expectations of $464.77 million. During the same period last year, the business earned $0.37 earnings per share. The business’s quarterly revenue was up 11.5% on a year-over-year basis. Analysts forecast that TransUnion will post $1.83 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/29/transunion-tru-receives-consensus-rating-of-buy-from-brokerages.html.
In related news, major shareholder Goldman Sachs Group Inc sold 13,734,177 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $45.60, for a total value of $626,278,471.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher Egan sold 201,753 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $45.60, for a total value of $9,199,936.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,047,490 shares of company stock valued at $640,561,199. Insiders own 2.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of TransUnion by 37.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,086 shares of the business services provider’s stock worth $157,000 after buying an additional 1,108 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of TransUnion by 138.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 4,009 shares of the business services provider’s stock worth $174,000 after buying an additional 2,329 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of TransUnion during the second quarter worth approximately $212,000. Alpine Global Management LLC acquired a new stake in shares of TransUnion during the second quarter worth approximately $217,000. Finally, Schmidt P J Investment Management Inc. acquired a new stake in shares of TransUnion during the second quarter worth approximately $230,000.
TransUnion is a risk and information solutions provider to businesses and consumers. The Company provides consumer reports, risk scores, analytical services and decision capabilities to businesses. The Company operates through three segments: U.S. Information Services (USIS), International and Consumer Interactive.
Receive News & Ratings for TransUnion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransUnion and related companies with MarketBeat.com's FREE daily email newsletter.