TransUnion (TRU) Stock Rating Reaffirmed by Barclays PLC
TransUnion (NYSE:TRU)‘s stock had its “overweight” rating restated by stock analysts at Barclays PLC in a report released on Thursday. They currently have a $50.00 price objective on the business services provider’s stock, up from their prior price objective of $48.00. Barclays PLC’s price objective would indicate a potential upside of 16.12% from the stock’s current price.
TRU has been the topic of a number of other reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of TransUnion in a research report on Friday, September 8th. Morgan Stanley reaffirmed an “overweight” rating and set a $50.00 target price (up from $47.00) on shares of TransUnion in a research report on Wednesday, July 26th. SunTrust Banks, Inc. initiated coverage on TransUnion in a research report on Tuesday, September 5th. They set a “buy” rating and a $54.00 target price on the stock. TheStreet raised TransUnion from a “c” rating to a “b-” rating in a research report on Monday, June 26th. Finally, Zacks Investment Research raised TransUnion from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $48.11.
Shares of TransUnion (NYSE TRU) traded down 1.40% during mid-day trading on Thursday, hitting $43.06. The company had a trading volume of 8,200,592 shares. The stock’s 50-day moving average is $47.79 and its 200-day moving average is $40.47. TransUnion has a 52-week low of $28.92 and a 52-week high of $48.65. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 37.06 and a beta of 0.60.
TransUnion (NYSE:TRU) last announced its earnings results on Tuesday, July 25th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.03. TransUnion had a return on equity of 20.32% and a net margin of 12.08%. The business had revenue of $474.80 million for the quarter, compared to analyst estimates of $464.77 million. During the same period in the previous year, the company earned $0.37 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. Equities analysts forecast that TransUnion will post $1.83 earnings per share for the current year.
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In other TransUnion news, EVP John W. Blenke sold 10,000 shares of TransUnion stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $46.24, for a total value of $462,400.00. Following the completion of the transaction, the executive vice president now directly owns 79,717 shares in the company, valued at $3,686,114.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James M. Peck sold 39,229 shares of TransUnion stock in a transaction that occurred 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 owns 202,343 shares of the company’s stock, valued at $9,678,065.69. The disclosure for this sale can be found here. Insiders sold 14,086,719 shares of company stock valued at $642,437,522 over the last quarter. Insiders own 2.10% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in TransUnion by 10.0% in the first quarter. Wellington Management Group LLP now owns 22,516,374 shares of the business services provider’s stock valued at $863,504,000 after acquiring an additional 2,041,422 shares during the period. Vanguard Group Inc. boosted its stake in TransUnion by 17.6% in the second quarter. Vanguard Group Inc. now owns 9,731,758 shares of the business services provider’s stock valued at $421,483,000 after acquiring an additional 1,458,148 shares during the period. Atlanta Capital Management Co. L L C boosted its stake in TransUnion by 43.6% in the second quarter. Atlanta Capital Management Co. L L C now owns 8,359,334 shares of the business services provider’s stock valued at $362,043,000 after acquiring an additional 2,536,898 shares during the period. FMR LLC boosted its stake in TransUnion by 25.8% in the second quarter. FMR LLC now owns 7,589,877 shares of the business services provider’s stock valued at $328,718,000 after acquiring an additional 1,557,572 shares during the period. Finally, BlackRock Inc. boosted its stake in TransUnion by 49.1% in the second quarter. BlackRock Inc. now owns 4,841,716 shares of the business services provider’s stock valued at $209,693,000 after acquiring an additional 1,594,833 shares during the period.
TransUnion Company Profile
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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