TransUnion (NYSE:TRU) was upgraded by analysts at Bank of America from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday.
Several other brokerages also recently issued reports on TRU. SunTrust Banks reiterated a “buy” rating and issued a $56.00 price objective on shares of TransUnion in a research report on Friday, October 13th. Zacks Investment Research downgraded TransUnion from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Deutsche Bank reiterated a “buy” rating and issued a $55.00 price objective (up previously from $50.00) on shares of TransUnion in a research report on Tuesday, October 24th. Cowen reiterated a “buy” rating and issued a $48.00 price objective on shares of TransUnion in a research report on Thursday, October 12th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $57.00 price objective on shares of TransUnion in a research report on Friday, October 27th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $58.18.
Shares of TransUnion (NYSE:TRU) traded up $1.49 on Thursday, reaching $59.35. The company’s stock had a trading volume of 1,360,000 shares, compared to its average volume of 1,090,000. 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 52-week low of $31.38 and a 52-week high of $59.53. The company has a market cap of $10,830.00 and a P/E ratio of 45.65.
TransUnion (NYSE:TRU) last issued its quarterly earnings data on Friday, October 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.06. TransUnion had a return on equity of 21.37% and a net margin of 13.17%. The firm had revenue of $498.00 million during the quarter, compared to the consensus estimate of $475.52 million. During the same quarter in the previous year, the company posted $0.38 EPS. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. sell-side analysts forecast that TransUnion will post 1.71 EPS for the current fiscal year.
In other news, CEO James M. Peck sold 200,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $54.74, for a total transaction of $10,948,000.00. Following the completion of the sale, the chief executive officer now owns 402,343 shares in the company, valued at $22,024,255.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 3,698,137 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $52.25, for a total value of $193,227,658.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,630,224 shares of company stock valued at $243,986,497. 2.10% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in shares of TransUnion during the fourth quarter worth $648,000. Westpac Banking Corp bought a new stake in shares of TransUnion during the fourth quarter worth $545,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in TransUnion in the fourth quarter valued at about $137,000. Schwab Charles Investment Management Inc. increased its holdings in TransUnion by 10.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 523,123 shares of the business services provider’s stock valued at $28,751,000 after purchasing an additional 47,685 shares during the last quarter. Finally, Gulf International Bank UK Ltd bought a new stake in TransUnion in the fourth quarter valued at about $2,690,000.
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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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