Morgan Stanley Boosts TransUnion (TRU) Price Target to $51.00
TransUnion (NYSE:TRU) had its price target lifted by equities research analysts at Morgan Stanley from $50.00 to $51.00 in a research note issued to investors on Monday. The firm presently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s target price points to a potential upside of 0.53% from the company’s previous close.
Several other research analysts have also weighed in on the stock. SunTrust Banks, Inc. reiterated a “buy” rating and set a $56.00 price objective on shares of TransUnion in a report on Friday, October 13th. Cowen and Company restated a “buy” rating and issued a $48.00 price target on shares of TransUnion in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of TransUnion from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Wednesday, October 11th. Barclays PLC restated an “overweight” rating and issued a $50.00 price target (up previously from $48.00) on shares of TransUnion in a report on Thursday, September 14th. Finally, Deutsche Bank AG restated a “buy” rating on shares of TransUnion in a report on Friday, September 8th. One 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. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.67.
Shares of TransUnion (TRU) traded down 0.16% during midday trading on Monday, hitting $50.65. 68,742 shares of the company’s stock were exchanged. The firm has a market cap of $9.21 billion, a PE ratio of 43.59 and a beta of 0.58. The stock’s 50-day moving average price is $47.28 and its 200 day moving average price is $47.28. TransUnion has a one year low of $28.92 and a one year high of $51.00.
TransUnion (NYSE:TRU) last announced its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.03. The business had revenue of $474.80 million for the quarter, compared to analyst estimates of $464.77 million. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The company’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS. Equities research analysts forecast that TransUnion will post $1.83 EPS for the current year.
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In other TransUnion news, insider James M. Peck sold 39,229 shares of TransUnion 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 owns 202,343 shares of the company’s stock, valued at $9,678,065.69. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 13,734,177 shares of TransUnion stock in a transaction on Friday, August 4th. The stock was sold at an average price of $45.60, for a total transaction of $626,278,471.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,108,242 shares of company stock valued at $643,363,096. 2.10% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in TRU. Seven Eight Capital LP acquired a new position in TransUnion in the fourth quarter worth $114,000. Ladenburg Thalmann Financial Services Inc. acquired a new position in TransUnion in the first quarter worth $118,000. Metropolitan Life Insurance Co. NY boosted its holdings in TransUnion by 89.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 3,985 shares of the business services provider’s stock worth $133,000 after purchasing an additional 1,886 shares during the period. BlackRock Inc. boosted its holdings in TransUnion by 475.0% in the first quarter. BlackRock Inc. now owns 5,100 shares of the business services provider’s stock worth $140,000 after purchasing an additional 4,213 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in TransUnion by 16.6% in the first quarter. Envestnet Asset Management Inc. now owns 5,443 shares of the business services provider’s stock worth $150,000 after purchasing an additional 774 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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