Morgan Stanley Boosts TransUnion (TRU) Price Target to $62.00

TransUnion (NYSE:TRU) had its target price lifted by Morgan Stanley from $57.00 to $62.00 in a research note released on Monday morning, MarketBeat reports. They currently have a hold rating on the business services provider’s stock.

TRU has been the topic of several other research reports. Stifel Nicolaus upped their target price on TransUnion from $62.00 to $74.00 and gave the company a buy rating in a research report on Monday. Zacks Investment Research downgraded TransUnion from a buy rating to a hold rating in a research report on Tuesday, April 17th. Royal Bank of Canada upped their target price on TransUnion to $67.00 and gave the company an outperform rating in a research report on Friday, January 19th. ValuEngine raised TransUnion from a hold rating to a buy rating in a research report on Monday, April 2nd. Finally, Robert W. Baird reaffirmed a buy rating and issued a $62.00 target price on shares of TransUnion in a research report on Tuesday, January 9th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $66.64.

Shares of NYSE TRU opened at $65.02 on Monday. The company has a market cap of $12,189.20, a price-to-earnings ratio of 38.02, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.28 and a current ratio of 1.61. TransUnion has a twelve month low of $39.61 and a twelve month high of $68.22.

TransUnion (NYSE:TRU) last announced its quarterly earnings results on Friday, April 20th. The business services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The firm had revenue of $537.40 million for the quarter, compared to the consensus estimate of $507.68 million. TransUnion had a return on equity of 20.95% and a net margin of 22.41%. The business’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 earnings per share. analysts anticipate that TransUnion will post 2.15 earnings per share for the current fiscal year.

In related news, insider James M. Peck sold 18,629 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $58.17, for a total value of $1,083,648.93. Following the completion of the sale, the insider now directly owns 221,886 shares in the company, valued at $12,907,108.62. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP David M. Neenan sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $58.42, for a total value of $2,921,000.00. Following the completion of the sale, the executive vice president now owns 99,583 shares of the company’s stock, valued at $5,817,638.86. The disclosure for this sale can be found here. Insiders sold 174,345 shares of company stock worth $10,156,056 in the last ninety days. 2.10% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of TransUnion by 26.9% in the fourth quarter. BlackRock Inc. now owns 7,414,930 shares of the business services provider’s stock valued at $407,523,000 after buying an additional 1,574,041 shares during the period. Farallon Capital Management LLC boosted its stake in shares of TransUnion by 61.7% in the fourth quarter. Farallon Capital Management LLC now owns 3,754,262 shares of the business services provider’s stock valued at $206,334,000 after buying an additional 1,432,104 shares during the period. William Blair Investment Management LLC boosted its stake in shares of TransUnion by 4.6% in the fourth quarter. William Blair Investment Management LLC now owns 2,444,658 shares of the business services provider’s stock valued at $134,358,000 after buying an additional 107,067 shares during the period. Independent Franchise Partners LLP boosted its stake in shares of TransUnion by 5.4% in the fourth quarter. Independent Franchise Partners LLP now owns 1,926,723 shares of the business services provider’s stock valued at $105,892,000 after buying an additional 99,324 shares during the period. Finally, Eagle Asset Management Inc. boosted its stake in shares of TransUnion by 12.0% in the fourth quarter. Eagle Asset Management Inc. now owns 1,288,116 shares of the business services provider’s stock valued at $71,129,000 after buying an additional 138,290 shares during the period.

TransUnion Company Profile

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.

Analyst Recommendations for TransUnion (NYSE:TRU)

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