TransUnion (TRU) Earns Buy Rating from Cowen and Company
TransUnion (NYSE:TRU)‘s stock had its “buy” rating reaffirmed by equities researchers at Cowen and Company in a report released on Thursday. They presently have a $48.00 price target on the business services provider’s stock. Cowen and Company’s target price indicates a potential upside of 1.05% from the company’s current price.
TRU has been the topic of several other reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $50.00 price objective (up from $47.00) on shares of TransUnion in a report on Wednesday, July 26th. TheStreet raised shares of TransUnion from a “c” rating to a “b-” rating in a report on Monday, June 26th. Zacks Investment Research upgraded shares of TransUnion from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Thursday. SunTrust Banks, Inc. started coverage on shares of TransUnion in a research note on Tuesday. They issued a “buy” rating and a $54.00 target price for the company. Finally, BidaskClub upgraded shares of TransUnion from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $47.89.
TransUnion (TRU) traded down 3.83% on Thursday, reaching $47.50. 4,601,012 shares of the company’s stock traded hands. TransUnion has a 12-month low of $28.92 and a 12-month high of $49.46. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 40.88 and a beta of 0.60. The stock has a 50 day moving average price of $46.50 and a 200 day moving average price of $42.16.
TransUnion (NYSE:TRU) last released its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.44 by $0.03. The business had revenue of $474.80 million for the quarter, compared to the consensus estimate of $464.77 million. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. Analysts forecast that TransUnion will post $1.83 EPS for the current year.
In related news, insider James M. Peck sold 39,229 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $47.83, for a total value of $1,876,323.07. Following the completion of the transaction, the insider now directly owns 202,343 shares in the company, valued at approximately $9,678,065.69. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher Egan sold 201,753 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $45.60, for a total transaction of $9,199,936.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,086,719 shares of company stock valued at $642,437,522. Company insiders own 2.10% of the company’s stock.
A number of large investors have recently bought and sold shares of TRU. Zurcher Kantonalbank Zurich Cantonalbank raised its position in TransUnion by 37.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,086 shares of the business services provider’s stock worth $157,000 after acquiring an additional 1,108 shares during the period. Public Employees Retirement Association of Colorado raised its position 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 valued at $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 in the second quarter valued at about $212,000. Alpine Global Management LLC acquired a new stake in shares of TransUnion in the second quarter valued at about $217,000. Finally, Schmidt P J Investment Management Inc. acquired a new stake in shares of TransUnion in the second quarter valued at about $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.
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