TransUnion (TRU) PT Raised to $60.00

TransUnion (NYSE:TRU) had its target price increased by Royal Bank of Canada to $60.00 in a report published on Tuesday, December 19th, The Fly reports. Royal Bank of Canada currently has an outperform rating on the business services provider’s stock.

Several other research firms have also weighed in on TRU. Zacks Investment Research lowered TransUnion from a buy rating to a hold rating in a research note on Monday, August 28th. SunTrust Banks reaffirmed a buy rating and issued a $56.00 price objective on shares of TransUnion in a research note on Friday, October 13th. Deutsche Bank reaffirmed a buy rating and issued a $55.00 price objective (up from $50.00) on shares of TransUnion in a research note on Tuesday, October 24th. Cowen reaffirmed a buy rating and issued a $48.00 price objective on shares of TransUnion in a research note on Thursday, October 12th. Finally, Barclays reaffirmed an overweight rating and issued a $50.00 price objective (up from $48.00) on shares of TransUnion in a research note on Thursday, September 14th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $57.36.

TransUnion (TRU) traded up $0.35 during midday trading on Tuesday, hitting $57.14. The stock had a trading volume of 511,313 shares, compared to its average volume of 1,189,252. The firm has a market cap of $10,360.00 and a price-to-earnings ratio of 43.95. TransUnion has a fifty-two week low of $31.35 and a fifty-two week high of $57.24. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.51.

TransUnion (NYSE:TRU) last released its quarterly earnings data on Friday, October 27th. The business services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.06. The business had revenue of $498.00 million for the quarter, compared to analyst estimates of $475.52 million. TransUnion had a return on equity of 21.37% and a net margin of 13.17%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS. equities analysts expect that TransUnion will post 1.71 earnings per share for the current fiscal year.

In related news, insider James M. Peck sold 18,864 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $52.41, for a total transaction of $988,662.24. Following the sale, the insider now directly owns 239,313 shares in the company, valued at approximately $12,542,394.33. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Siddharth N. Mehta sold 65,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $52.25, for a total value of $3,396,250.00. Following the sale, the director now owns 33,389 shares in the company, valued at $1,744,575.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,630,224 shares of company stock worth $243,986,497. Company insiders own 2.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of TRU. Aperio Group LLC increased its holdings in TransUnion by 2.7% during the 2nd quarter. Aperio Group LLC now owns 12,220 shares of the business services provider’s stock worth $529,000 after purchasing an additional 321 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in TransUnion by 138.6% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 4,009 shares of the business services provider’s stock worth $174,000 after purchasing an additional 2,329 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in TransUnion by 18.4% during the 2nd quarter. Great West Life Assurance Co. Can now owns 13,961 shares of the business services provider’s stock worth $604,000 after purchasing an additional 2,172 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in TransUnion by 29.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 360,776 shares of the business services provider’s stock worth $15,626,000 after purchasing an additional 82,504 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in TransUnion by 136.4% during the 2nd quarter. Rhumbline Advisers now owns 143,248 shares of the business services provider’s stock worth $6,204,000 after purchasing an additional 82,654 shares during the last quarter.

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About TransUnion

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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