Barclays PLC Reaffirms “Overweight” Rating for TransUnion (TRU)
Barclays PLC reaffirmed their overweight rating on shares of TransUnion (NYSE:TRU) in a research note released on Thursday. Barclays PLC currently has a $50.00 target price on the business services provider’s stock, up from their previous target price of $48.00.
Other analysts have also recently issued research reports about the company. TheStreet upgraded TransUnion from a c rating to a b- rating in a research note on Monday, June 26th. Cowen and Company restated a buy rating and set a $48.00 price objective on shares of TransUnion in a research note on Friday, July 28th. Zacks Investment Research upgraded TransUnion from a hold rating to a buy rating and set a $51.00 price objective on the stock in a research note on Thursday, July 27th. SunTrust Banks, Inc. started coverage on TransUnion in a research note on Tuesday, September 5th. They set a buy rating and a $54.00 price objective on the stock. Finally, Deutsche Bank AG restated a buy rating on shares of TransUnion in a research note on Friday, September 8th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $48.11.
TransUnion (NYSE:TRU) opened at 41.61 on Thursday. The company’s 50-day moving average price is $44.79 and its 200-day moving average price is $41.65. TransUnion has a 1-year low of $28.92 and a 1-year high of $48.65. The stock has a market cap of $7.57 billion, a P/E ratio of 35.81 and a beta of 0.60.
TransUnion (NYSE:TRU) last announced its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.03. TransUnion had a return on equity of 20.32% and a net margin of 12.08%. The firm had revenue of $474.80 million for the quarter, compared to analysts’ expectations of $464.77 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. TransUnion’s revenue for the quarter was up 11.5% compared to the same quarter last year. Analysts predict that TransUnion will post $1.83 EPS for the current year.
In other news, 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 transaction of $626,278,471.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher Egan sold 201,753 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 $9,199,936.80. The disclosure for this sale can be found here. Insiders have sold a total of 14,086,719 shares of company stock worth $642,437,522 over the last quarter. Insiders own 2.10% of the company’s stock.
Several institutional investors have recently made changes to their positions in TRU. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of TransUnion by 37.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,086 shares of the business services provider’s stock worth $157,000 after purchasing an additional 1,108 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of TransUnion by 138.6% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 4,009 shares of the business services provider’s stock worth $174,000 after purchasing an additional 2,329 shares during the period. SG Americas Securities LLC acquired a new stake in shares of TransUnion during the 2nd quarter worth approximately $212,000. Alpine Global Management LLC acquired a new stake in shares of TransUnion during the 2nd quarter worth approximately $217,000. Finally, Schmidt P J Investment Management Inc. acquired a new stake in shares of TransUnion during the 2nd quarter worth approximately $230,000.
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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