TransUnion (TRU) Price Target Raised to $55.00 at Barclays PLC
TransUnion (NYSE:TRU) had its price objective hoisted by analysts at Barclays PLC from $50.00 to $55.00 in a report released on Monday. The firm currently has an “overweight” rating on the business services provider’s stock. Barclays PLC’s target price would indicate a potential upside of 2.33% from the company’s previous close.
Other research analysts have also issued reports about the company. Cowen and Company reissued a “buy” rating and issued a $48.00 price objective on shares of TransUnion in a report on Friday, July 28th. 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. SunTrust Banks, Inc. initiated coverage on TransUnion in a report on Tuesday, September 5th. They issued a “buy” rating and a $54.00 price objective on the stock. Finally, Deutsche Bank AG reissued a “buy” rating on shares of TransUnion in a report on Friday, September 8th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. TransUnion presently has an average rating of “Buy” and an average price target of $54.70.
Shares of TransUnion (NYSE TRU) traded down 1.851% on Monday, reaching $52.755. The company’s stock had a trading volume of 2,488,580 shares. The firm has a 50 day moving average price of $47.88 and a 200-day moving average price of $47.88. TransUnion has a 12-month low of $28.92 and a 12-month high of $54.49. The stock has a market cap of $9.60 billion, a PE ratio of 45.400 and a beta of 0.58.
TransUnion (NYSE:TRU) last announced its quarterly earnings data on Friday, October 27th. The business services provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $498.00 million for the quarter, compared to analyst estimates of $475.52 million. TransUnion had a return on equity of 21.68% and a net margin of 13.17%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 earnings per share. Equities research analysts expect that TransUnion will post $1.83 EPS for the current year.
In other TransUnion news, EVP Samuel A. Hamood sold 21,341 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $42.95, for a total transaction of $916,595.95. Following the transaction, the executive vice president now owns 20,243 shares in the company, valued at $869,436.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 13,734,177 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $45.60, for a total value of $626,278,471.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,031,682 shares of company stock worth $639,882,705. 2.10% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Harbor Advisors LLC purchased a new position in TransUnion during the third quarter worth approximately $236,000. Raymond James Financial Services Advisors Inc. purchased a new position in TransUnion during the third quarter worth approximately $268,000. Pictet Asset Management Ltd. purchased a new position in TransUnion during the third quarter worth approximately $35,965,000. Calamos Advisors LLC boosted its position in TransUnion by 28.0% during the third quarter. Calamos Advisors LLC now owns 468,474 shares of the business services provider’s stock worth $22,140,000 after purchasing an additional 102,350 shares in the last quarter. Finally, First Quadrant L P CA boosted its position in TransUnion by 18,553.7% during the third quarter. First Quadrant L P CA now owns 60,811 shares of the business services provider’s stock worth $2,874,000 after purchasing an additional 60,485 shares in the last quarter.
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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