TransUnion’s (TRU) “Buy” Rating Reiterated at Cowen and Company
Cowen and Company restated their buy rating on shares of TransUnion (NYSE:TRU) in a report published on Thursday. They currently have a $48.00 price objective on the business services provider’s stock.
A number of other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of TransUnion from a hold rating to a buy rating and set a $54.00 price objective for the company in a report on Thursday, September 7th. SunTrust Banks, Inc. started coverage on shares of TransUnion in a report on Tuesday, September 5th. They set a buy rating and a $54.00 price target for the company. TheStreet upgraded shares of TransUnion from a c rating to a b- rating in a report on Monday, June 26th. Deutsche Bank AG restated a buy rating on shares of TransUnion in a report on Friday, September 8th. Finally, Morgan Stanley restated an overweight rating and set a $47.00 price target (up previously from $45.00) on shares of TransUnion in a report on Tuesday, July 18th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $48.56.
TransUnion (TRU) opened at 49.64 on Thursday. TransUnion has a one year low of $28.92 and a one year high of $50.15. The company’s 50-day moving average is $46.71 and its 200-day moving average is $46.71. The firm has a market cap of $9.03 billion, a PE ratio of 42.72 and a beta of 0.58.
TransUnion (NYSE:TRU) last issued its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. The business had revenue of $474.80 million during the quarter, compared to analyst estimates of $464.77 million. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the business earned $0.37 EPS. On average, analysts forecast that TransUnion will post $1.83 earnings per share for the current fiscal year.
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In other news, EVP Samuel A. Hamood sold 21,341 shares of TransUnion stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $42.95, for a total value of $916,595.95. Following the completion of the sale, the executive vice president now owns 20,243 shares in the company, valued at approximately $869,436.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Timothy Elberfeld sold 902 shares of TransUnion stock in a transaction on Friday, July 28th. The shares were sold at an average price of $45.43, for a total transaction of $40,977.86. Following the completion of the sale, the chief accounting officer now owns 15,423 shares of the company’s stock, valued at approximately $700,666.89. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,108,242 shares of company stock valued at $643,363,096. Company insiders own 2.10% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado increased its stake in shares of TransUnion by 138.6% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 4,009 shares of the business services provider’s stock valued at $174,000 after acquiring an additional 2,329 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of TransUnion by 17.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,780 shares of the business services provider’s stock valued at $207,000 after acquiring an additional 694 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of TransUnion in the 2nd quarter valued at $212,000. Alpine Global Management LLC bought a new stake in shares of TransUnion in the 2nd quarter valued at $217,000. Finally, Schmidt P J Investment Management Inc. bought a new stake in shares of TransUnion in the 2nd quarter valued at $230,000.
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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