TransUnion (NYSE:TRU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday, January 12th. The firm currently has a $64.00 price objective on the business services provider’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 11.36% from the company’s current price.
According to Zacks, “TransUnion is poised for impressive growth in several of its end markets with an attractive business model, significant operating leverage, low capital requirements and strong and stable cash flows. Increased risk of identity theft due to data breaches and high consumer awareness about the usage of credit information are further propelling demand. In addition, the inherent nature and significance of its solutions in customers’ decision-making endow it with high customer retention and revenue visibility. As emerging market economies continue to develop and mature, the company is well-positioned to gain from the associated favorable socio-economic trends. The company also outperformed the industry in the last three months. However, TransUnion operates in a highly competitive market, which restricts its pricing power and limits profitability to some extent.”
Other research analysts also recently issued reports about the company. Barclays reissued a “buy” rating and issued a $65.00 price target on shares of TransUnion in a report on Friday, December 15th. Stifel Nicolaus reissued a “buy” rating and issued a $59.00 price target (up from $50.00) on shares of TransUnion in a report on Sunday, October 29th. Royal Bank of Canada reissued a “buy” rating and issued a $57.00 price target on shares of TransUnion in a report on Friday, October 27th. Deutsche Bank reissued a “buy” rating and issued a $55.00 price target (up from $50.00) on shares of TransUnion in a report on Tuesday, October 24th. Finally, SunTrust Banks reissued a “buy” rating and issued a $56.00 price target on shares of TransUnion in a report on Friday, October 13th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $58.55.
Shares of TransUnion (TRU) traded down $1.56 during midday trading on Friday, reaching $57.47. The company had a trading volume of 613,739 shares, compared to its average volume of 831,857. TransUnion has a 52-week low of $32.12 and a 52-week high of $61.42. The stock has a market capitalization of $10,766.38, a price-to-earnings ratio of 44.21, a P/E/G ratio of 3.04 and a beta of 0.67. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.51.
In other news, EVP Christopher A. Cartwright sold 85,175 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $54.18, for a total transaction of $4,614,781.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John W. Blenke sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $54.25, for a total value of $542,500.00. Following the transaction, the executive vice president now directly owns 49,717 shares of the company’s stock, valued at $2,697,147.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 806,007 shares of company stock valued at $44,165,182. Corporate insiders own 2.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Trust N.A. acquired a new position in TransUnion in the 4th quarter valued at $214,000. Public Employees Retirement Association of Colorado raised its stake in TransUnion by 404.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 23,817 shares of the business services provider’s stock valued at $1,309,000 after purchasing an additional 19,097 shares during the last quarter. C M Bidwell & Associates Ltd. raised its stake in TransUnion by 46.0% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 12,430 shares of the business services provider’s stock valued at $683,000 after purchasing an additional 3,915 shares during the last quarter. US Bancorp DE raised its stake in TransUnion by 57.0% in the 4th quarter. US Bancorp DE now owns 16,370 shares of the business services provider’s stock valued at $900,000 after purchasing an additional 5,941 shares during the last quarter. Finally, Aperio Group LLC raised its stake in TransUnion by 25.8% in the 4th quarter. Aperio Group LLC now owns 16,349 shares of the business services provider’s stock valued at $899,000 after purchasing an additional 3,352 shares during the last quarter.
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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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