TransUnion (NYSE:TRU) had its price objective increased by analysts at Royal Bank of Canada to $60.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 7.28% from the company’s previous close.
Several other research firms have also recently commented on TRU. Zacks Investment Research cut TransUnion from a “buy” rating to a “hold” rating in a report on Monday, August 28th. SunTrust Banks restated a “buy” rating and issued a $56.00 price target on shares of TransUnion in a report on Friday, October 13th. Deutsche Bank restated a “buy” rating and issued a $55.00 price target (up previously from $50.00) on shares of TransUnion in a report on Tuesday, October 24th. Cowen restated a “buy” rating and issued a $48.00 price target on shares of TransUnion in a report on Thursday, October 12th. Finally, Barclays 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. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. TransUnion has an average rating of “Buy” and an average target price of $56.30.
Shares of TransUnion (NYSE TRU) traded down $0.28 during mid-day trading on Tuesday, reaching $55.93. 1,088,000 shares of the company traded hands, compared to its average volume of 1,398,184. TransUnion has a 12-month low of $30.39 and a 12-month high of $56.77. The firm has a market cap of $10,200.00 and a P/E ratio of 32.82. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.51.
In other news, insider James M. Peck sold 18,864 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $52.41, for a total transaction of $988,662.24. Following the completion of the sale, the insider now owns 239,313 shares in the company, valued at approximately $12,542,394.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Todd M. Cello sold 4,110 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $52.97, for a total value of $217,706.70. Following the sale, the chief financial officer now owns 21,963 shares of the company’s stock, valued at approximately $1,163,380.11. The disclosure for this sale can be found here. Insiders have sold a total of 4,630,406 shares of company stock valued at $243,995,475 in the last quarter. Company insiders own 2.10% of the company’s stock.
Large investors have recently modified their holdings of the company. California State Teachers Retirement System grew its holdings in shares of TransUnion by 116.1% during the 2nd quarter. California State Teachers Retirement System now owns 227,221 shares of the business services provider’s stock worth $9,841,000 after purchasing an additional 122,093 shares during the period. State of Wisconsin Investment Board grew its holdings in shares of TransUnion by 141.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 25,408 shares of the business services provider’s stock worth $1,100,000 after purchasing an additional 14,900 shares during the period. Eagle Asset Management Inc. purchased a new stake in shares of TransUnion during the 2nd quarter worth about $41,015,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of TransUnion by 1,297.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 164,900 shares of the business services provider’s stock worth $7,142,000 after purchasing an additional 153,100 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in TransUnion by 23.7% in the 2nd quarter. Victory Capital Management Inc. now owns 941,454 shares of the business services provider’s stock worth $40,775,000 after acquiring an additional 180,433 shares during the period.
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About TransUnion
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.
