TransUnion (TRU) Lifted to “Buy” at Bank of America
Bank of America upgraded shares of TransUnion (NYSE:TRU) from a neutral rating to a buy rating in a report published on Thursday morning, Marketbeat.com reports.
TRU has been the topic of a number of other reports. Zacks Investment Research raised TransUnion from a hold rating to a buy rating and set a $62.00 price target on the stock in a report on Friday, January 5th. SunTrust Banks raised their price target on TransUnion to $64.00 and gave the company a buy rating in a report on Monday, October 30th. Deutsche Bank reissued a buy rating and set a $55.00 price target (up from $50.00) on shares of TransUnion in a report on Tuesday, October 24th. Stifel Nicolaus reaffirmed a buy rating and set a $59.00 target price (up from $50.00) on shares of TransUnion in a report on Sunday, October 29th. Finally, Barclays lifted their target price on TransUnion from $50.00 to $55.00 and gave the stock an overweight rating in a report on Monday, October 30th. One investment 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. The stock has a consensus rating of Buy and a consensus target price of $58.18.
TransUnion (NYSE TRU) opened at $59.35 on Thursday. The company has a market capitalization of $10,824.73, a price-to-earnings ratio of 35.12, a PEG ratio of 3.05 and a beta of 0.64. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.51. TransUnion has a fifty-two week low of $31.38 and a fifty-two week high of $59.53.
In related news, EVP Christopher A. Cartwright sold 234,565 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $55.05, for a total value of $12,912,803.25. Following the completion of the transaction, the executive vice president now owns 105,917 shares in the company, valued at approximately $5,830,730.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James M. Peck sold 215,381 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $54.80, for a total value of $11,802,878.80. Following the completion of the transaction, the insider now owns 402,343 shares of the company’s stock, valued at approximately $22,048,396.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,630,224 shares of company stock worth $243,986,497. 2.10% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in TRU. Atlanta Capital Management Co. L L C boosted its position 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 valued at $362,043,000 after purchasing an additional 2,536,898 shares during the period. Egerton Capital UK LLP boosted its position 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 valued at $216,179,000 after purchasing an additional 2,444,617 shares during the period. Artisan Partners Limited Partnership acquired a new position in shares of TransUnion in the 3rd quarter valued at $99,632,000. TimesSquare Capital Management LLC boosted its position 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 valued at $182,986,000 after purchasing an additional 1,725,300 shares during the period. Finally, BlackRock Inc. boosted its position 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 valued at $209,693,000 after purchasing an additional 1,594,833 shares during the period.
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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