TransUnion (NYSE:TRU)‘s stock had its “buy” rating restated by equities researchers at Stifel Nicolaus in a research note issued on Wednesday, MarketBeat reports. They currently have a $62.00 price objective on the business services provider’s stock, up from their prior price objective of $59.00. Stifel Nicolaus’ target price would suggest a potential upside of 11.07% from the stock’s previous close.
A number of other equities analysts have also weighed in on the company. Morgan Stanley boosted their price objective on TransUnion from $54.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Royal Bank of Canada boosted their price objective on TransUnion to $67.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Bank of America raised TransUnion from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. Zacks Investment Research raised TransUnion from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Friday, January 12th. Finally, Robert W. Baird reissued a “buy” rating and set a $62.00 price objective on shares of TransUnion in a research note on Tuesday, January 9th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $58.73.
TransUnion (NYSE TRU) traded up $0.87 during midday trading on Wednesday, reaching $55.82. The company’s stock had a trading volume of 1,820,883 shares, compared to its average volume of 1,166,648. The firm has a market capitalization of $10,600.41, a price-to-earnings ratio of 42.84, a P/E/G ratio of 2.99 and a beta of 0.67. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.84 and a quick ratio of 1.84. TransUnion has a one year low of $36.08 and a one year high of $61.42.
In other news, EVP Christopher A. Cartwright sold 85,175 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $54.18, for a total value of $4,614,781.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher A. Cartwright sold 234,565 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $55.05, for a total value of $12,912,803.25. Following the completion of the transaction, the executive vice president now directly owns 105,917 shares in the company, valued at approximately $5,830,730.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 796,007 shares of company stock worth $43,622,682. Corporate insiders own 2.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System raised its holdings in shares of TransUnion by 116.1% in the 2nd quarter. California State Teachers Retirement System now owns 227,221 shares of the business services provider’s stock valued at $9,841,000 after buying an additional 122,093 shares during the period. Atlantic Trust Group LLC raised its holdings in shares of TransUnion by 48.5% in the 3rd quarter. Atlantic Trust Group LLC now owns 242,954 shares of the business services provider’s stock valued at $11,482,000 after buying an additional 79,329 shares during the period. DnB Asset Management AS purchased a new stake in shares of TransUnion in the 4th quarter valued at $687,000. Legal & General Group Plc raised its holdings in shares of TransUnion by 96.8% in the 3rd quarter. Legal & General Group Plc now owns 64,043 shares of the business services provider’s stock valued at $3,027,000 after buying an additional 31,499 shares during the period. Finally, Westpac Banking Corp purchased a new stake in shares of TransUnion in the 4th quarter valued at $545,000.
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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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