Morgan Stanley Increases TransUnion (TRU) Price Target to $58.00

TransUnion (NYSE:TRU) had its price objective upped by equities researchers at Morgan Stanley from $54.00 to $58.00 in a report released on Wednesday. The firm presently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s target price indicates a potential downside of 2.41% from the company’s previous close.

A number of other research firms have also recently weighed in on TRU. Royal Bank of Canada increased their price objective on shares of TransUnion to $67.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Bank of America raised shares of TransUnion from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. Zacks Investment Research raised shares of TransUnion from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Friday, January 12th. Robert W. Baird reaffirmed a “buy” rating and issued a $62.00 price objective on shares of TransUnion in a report on Tuesday, January 9th. Finally, Barclays reaffirmed a “buy” rating and issued a $65.00 price objective on shares of TransUnion in a report on Friday, December 15th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. TransUnion currently has an average rating of “Buy” and an average target price of $58.55.

TransUnion (TRU) traded up $0.81 during mid-day trading on Wednesday, hitting $59.43. 97,774 shares of the company were exchanged, compared to its average volume of 1,005,815. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.84 and a current ratio of 1.84. TransUnion has a 1-year low of $31.38 and a 1-year high of $61.42. The firm has a market cap of $10,729.90, a PE ratio of 45.68, a PEG ratio of 3.03 and a beta of 0.64.

In other news, EVP John W. Blenke sold 20,000 shares of TransUnion stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $52.25, for a total value of $1,045,000.00. Following the transaction, the executive vice president now owns 59,717 shares of the company’s stock, valued at approximately $3,120,213.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher A. Cartwright sold 234,565 shares of TransUnion stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $55.05, for a total transaction 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 three months, insiders have sold 4,607,250 shares of company stock worth $242,780,128. 2.10% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in TRU. Atlanta Capital Management Co. L L C grew its stake in shares of TransUnion by 43.6% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 8,359,334 shares of the business services provider’s stock worth $362,043,000 after purchasing an additional 2,536,898 shares during the last quarter. Egerton Capital UK LLP grew its stake in shares of TransUnion by 114.8% in the 3rd quarter. Egerton Capital UK LLP now owns 4,574,259 shares of the business services provider’s stock worth $216,179,000 after purchasing an additional 2,444,617 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of TransUnion in the 3rd quarter worth approximately $99,632,000. TimesSquare Capital Management LLC grew its stake in shares of TransUnion by 80.4% in the 3rd quarter. TimesSquare Capital Management LLC now owns 3,871,900 shares of the business services provider’s stock worth $182,986,000 after purchasing an additional 1,725,300 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of TransUnion by 49.1% in the 2nd quarter. BlackRock Inc. now owns 4,841,716 shares of the business services provider’s stock worth $209,693,000 after purchasing an additional 1,594,833 shares during the last quarter.

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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.