TransUnion (TRU) Stock Rating Reaffirmed by Cowen and Company
TransUnion (NYSE:TRU)‘s stock had its “buy” rating reiterated by Cowen and Company in a note issued to investors on Thursday. They currently have a $48.00 target price on the business services provider’s stock. Cowen and Company’s target price suggests a potential downside of 3.42% from the stock’s current price.
A number of other analysts have also recently issued reports on TRU. Barclays PLC reissued an “overweight” rating and set a $48.00 price objective (up previously from $45.00) on shares of TransUnion in a report on Friday, June 16th. TheStreet raised TransUnion from a “c” rating to a “b-” rating in a report on Monday, June 26th. Morgan Stanley reissued an “overweight” rating and set a $47.00 price objective (up previously from $45.00) on shares of TransUnion in a report on Tuesday, July 18th. Zacks Investment Research raised TransUnion from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Thursday, July 27th. Finally, BidaskClub raised TransUnion from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $48.33.
Shares of TransUnion (TRU) opened at 49.70 on Thursday. TransUnion has a 12-month low of $28.92 and a 12-month high of $50.15. The stock’s 50 day moving average price is $46.46 and its 200-day moving average price is $46.46. The firm has a market cap of $9.04 billion, a P/E ratio of 42.77 and a beta of 0.58.
TransUnion (NYSE:TRU) last issued its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.03. The business had revenue of $474.80 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm posted $0.37 EPS. On average, analysts predict that TransUnion will post $1.83 earnings per share for the current fiscal year.
In related news, EVP John W. Blenke sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $46.24, for a total transaction of $462,400.00. Following the transaction, the executive vice president now directly owns 79,717 shares of the company’s stock, valued at approximately $3,686,114.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Timothy Elberfeld sold 902 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $45.43, for a total value of $40,977.86. Following the transaction, 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. In the last ninety days, insiders sold 14,108,242 shares of company stock worth $643,363,096. Insiders own 2.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in TRU. Public Employees Retirement Association of Colorado raised its holdings in shares of TransUnion by 138.6% during 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in TransUnion by 17.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,780 shares of the business services provider’s stock worth $207,000 after acquiring an additional 694 shares during the last quarter. SG Americas Securities LLC bought a new position in TransUnion during the 2nd quarter worth approximately $212,000. Alpine Global Management LLC bought a new position in TransUnion during the 2nd quarter worth approximately $217,000. Finally, Schmidt P J Investment Management Inc. bought a new position in TransUnion during the 2nd quarter worth approximately $230,000.
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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