TransUnion (TRU) Receives Buy Rating from Cowen and Company
Cowen and Company reissued their buy rating on shares of TransUnion (NYSE:TRU) in a report published on Thursday morning. Cowen and Company currently has a $48.00 price objective on the business services provider’s stock.
Other equities research analysts have also issued reports about the company. Zacks Investment Research raised TransUnion from a hold rating to a buy rating and set a $54.00 target price on the stock in a research report on Thursday. Deutsche Bank AG reaffirmed a buy rating on shares of TransUnion in a research report on Friday. Barclays PLC reaffirmed an overweight rating and set a $48.00 target price (up from $45.00) on shares of TransUnion in a research report on Friday, June 16th. Morgan Stanley reaffirmed an overweight rating and set a $47.00 target price (up from $45.00) on shares of TransUnion in a research report on Tuesday, July 18th. Finally, BidaskClub raised TransUnion from a buy rating to a strong-buy rating in a research report on Monday, August 14th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $47.89.
Shares of TransUnion (NYSE TRU) traded down 4.15% on Thursday, hitting $47.34. The stock had a trading volume of 3,971,090 shares. The company’s 50-day moving average price is $46.50 and its 200 day moving average price is $42.16. The firm has a market cap of $8.61 billion, a P/E ratio of 40.74 and a beta of 0.60. TransUnion has a 12-month low of $28.92 and a 12-month high of $49.46.
TransUnion (NYSE:TRU) last announced its earnings results on Tuesday, July 25th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.03. The company had revenue of $474.80 million for the quarter, compared to analyst estimates of $464.77 million. TransUnion had a return on equity of 20.32% and a net margin of 12.08%. TransUnion’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.37 earnings per share. On average, equities research analysts forecast that TransUnion will post $1.83 earnings per share for the current fiscal year.
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In other TransUnion news, CAO Timothy Elberfeld sold 902 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $45.43, for a total value of $40,977.86. Following the transaction, the chief accounting officer now owns 15,423 shares in the company, valued at $700,666.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James M. Peck sold 39,229 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $47.83, for a total value of $1,876,323.07. Following the completion of the transaction, the insider now owns 202,343 shares in the company, valued at approximately $9,678,065.69. The disclosure for this sale can be found here. Insiders sold 14,086,719 shares of company stock worth $642,437,522 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in TransUnion by 37.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,086 shares of the business services provider’s stock valued at $157,000 after purchasing an additional 1,108 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in TransUnion by 138.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 4,009 shares of the business services provider’s stock valued at $174,000 after purchasing an additional 2,329 shares in the last quarter. SG Americas Securities LLC purchased a new position in TransUnion in the second quarter valued at about $212,000. Alpine Global Management LLC purchased a new position in TransUnion in the second quarter valued at about $217,000. Finally, Schmidt P J Investment Management Inc. purchased a new position in TransUnion in the second quarter valued at about $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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