TransUnion’s (TRU) Buy Rating Reaffirmed at Deutsche Bank AG
TransUnion (NYSE:TRU)‘s stock had its “buy” rating restated by Deutsche Bank AG in a note issued to investors on Friday.
TRU has been the subject of a number of other reports. Morgan Stanley reaffirmed an “overweight” rating and set a $50.00 price target (up from $47.00) on shares of TransUnion in a research note on Wednesday, July 26th. TheStreet raised TransUnion from a “c” rating to a “b-” rating in a research note on Monday, June 26th. Zacks Investment Research raised TransUnion from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Thursday. SunTrust Banks, Inc. began coverage on TransUnion in a research note on Tuesday. They set a “buy” rating and a $54.00 price target for the company. Finally, BidaskClub raised TransUnion from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. One research 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 presently has an average rating of “Buy” and a consensus target price of $47.89.
TransUnion (NYSE TRU) traded down 3.83% during mid-day trading on Friday, reaching $47.50. The company’s stock had a trading volume of 4,601,012 shares. The firm’s 50 day moving average price is $46.50 and its 200 day moving average price is $42.16. The firm has a market capitalization of $8.64 billion, a P/E ratio of 40.88 and a beta of 0.60. TransUnion has a 52 week low of $28.92 and a 52 week high of $49.46.
TransUnion (NYSE:TRU) last issued its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. The firm had revenue of $474.80 million during the quarter, compared to analyst estimates of $464.77 million. TransUnion had a return on equity of 20.32% and a net margin of 12.08%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company posted $0.37 EPS. On average, analysts anticipate that TransUnion will post $1.83 EPS for the current fiscal year.
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In other TransUnion news, insider James M. Peck sold 39,229 shares of TransUnion stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $47.83, for a total transaction of $1,876,323.07. Following the sale, the insider now directly owns 202,343 shares of the company’s stock, valued at $9,678,065.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy Elberfeld sold 902 shares of TransUnion stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $45.43, for a total value of $40,977.86. Following the sale, the chief accounting officer now directly owns 15,423 shares in the company, valued at $700,666.89. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,086,719 shares of company stock worth $642,437,522. Corporate insiders own 2.10% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in TransUnion by 37.2% during the 1st 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 grew its holdings in shares of TransUnion by 138.6% in the 2nd 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 period. SG Americas Securities LLC acquired a new position in shares of TransUnion in the 2nd quarter valued at $212,000. Alpine Global Management LLC acquired a new position in shares of TransUnion in the 2nd quarter valued at $217,000. Finally, Schmidt P J Investment Management Inc. acquired a new position in shares of TransUnion in the 2nd quarter valued at $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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