TransUnion (TRU) Given Consensus Recommendation of “Buy” by Brokerages
Shares of TransUnion (NYSE:TRU) have received an average recommendation of “Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $47.50.
TRU has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of TransUnion from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Thursday, September 7th. Cowen and Company reiterated a “buy” rating and issued a $48.00 price objective on shares of TransUnion in a report on Thursday, September 7th. TheStreet upgraded shares of TransUnion from a “c” rating to a “b-” rating in a report on Monday, June 26th. SunTrust Banks, Inc. initiated coverage on shares of TransUnion in a report on Tuesday, September 5th. They issued a “buy” rating and a $54.00 price objective on the stock. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of TransUnion in a report on Friday, September 8th.
Shares of TransUnion (NYSE:TRU) traded up 2.99% on Friday, hitting $45.85. 2,217,375 shares of the stock traded hands. The firm’s 50 day moving average is $44.07 and its 200 day moving average is $44.07. The firm has a market capitalization of $8.34 billion, a PE ratio of 39.46 and a beta of 0.60. TransUnion has a 52 week low of $28.92 and a 52 week high of $48.65.
TransUnion (NYSE:TRU) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.03. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The company had revenue of $474.80 million for the quarter, compared to the consensus estimate of $464.77 million. During the same period last year, the company earned $0.37 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year. On average, analysts expect that TransUnion will post $1.83 EPS for the current fiscal year.
In other TransUnion news, insider James M. Peck sold 75,658 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $45.46, for a total value of $3,439,412.68. Following the transaction, the insider now directly owns 276,284 shares in the company, valued at $12,559,870.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 13,734,177 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $45.60, for a total transaction of $626,278,471.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,108,060 shares of company stock worth $643,354,118. Corporate insiders own 2.10% of the company’s stock.
Several institutional investors have recently made changes to their positions in TRU. BlackRock Inc. boosted its position in shares of TransUnion by 6,627.6% in the first quarter. BlackRock Inc. now owns 3,246,883 shares of the business services provider’s stock valued at $124,517,000 after acquiring an additional 3,198,621 shares during the period. Atlanta Capital Management Co. L L C boosted its position in shares of TransUnion by 43.6% in the second quarter. Atlanta Capital Management Co. L L C now owns 8,359,334 shares of the business services provider’s stock valued at $362,043,000 after acquiring an additional 2,536,898 shares during the period. Egerton Capital UK LLP bought a new stake in shares of TransUnion in the second quarter valued at about $92,235,000. Wellington Management Group LLP boosted its position in shares of TransUnion by 10.0% in the first quarter. Wellington Management Group LLP now owns 22,516,374 shares of the business services provider’s stock valued at $863,504,000 after acquiring an additional 2,041,422 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of TransUnion by 25.5% in the first quarter. Vanguard Group Inc. now owns 8,273,610 shares of the business services provider’s stock valued at $317,293,000 after acquiring an additional 1,680,062 shares during the period.
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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