Morgan Stanley Downgrades TransUnion (TRU) to Equal Weight

Morgan Stanley downgraded shares of TransUnion (NYSE:TRU) from an overweight rating to an equal weight rating in a research note released on Monday, MarketBeat reports. They currently have $54.00 price target on the business services provider’s stock.

A number of other brokerages also recently weighed in on TRU. Royal Bank Of Canada reaffirmed a buy rating and issued a $57.00 target price on shares of TransUnion in a research note on Friday, October 27th. Stifel Nicolaus reiterated a buy rating and set a $59.00 price target (up from $50.00) on shares of TransUnion in a research report on Sunday, October 29th. Deutsche Bank AG reiterated a buy rating and set a $55.00 price target (up from $50.00) on shares of TransUnion in a research report on Tuesday, October 24th. Zacks Investment Research upgraded shares of TransUnion from a hold rating to a buy rating and set a $56.00 price target on the stock in a research report on Wednesday, October 11th. Finally, Cowen and Company reiterated a buy rating and set a $48.00 price target on shares of TransUnion in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. TransUnion has an average rating of Buy and an average price target of $55.00.

TransUnion (NYSE:TRU) last announced its earnings results on Friday, October 27th. The business services provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $498.00 million for the quarter, compared to the consensus estimate of $475.52 million. TransUnion had a net margin of 13.17% and a return on equity of 21.37%. TransUnion’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share.

COPYRIGHT VIOLATION WARNING: “Morgan Stanley Downgrades TransUnion (TRU) to Equal Weight” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.com-unik.info/2017/11/03/morgan-stanley-downgrades-transunion-tru-to-equal-weight.html.

In other news, insider James M. Peck sold 39,229 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $47.83, for a total value of $1,876,323.07. Following the transaction, the insider now owns 202,343 shares in the company, valued at $9,678,065.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Samuel A. Hamood sold 21,341 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $42.95, for a total transaction of $916,595.95. Following the completion of the transaction, the executive vice president now owns 20,243 shares in the company, valued at approximately $869,436.85. The disclosure for this sale can be found here. Insiders sold 89,616 shares of company stock worth $4,252,959 in the last 90 days. Company insiders own 2.10% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Aperio Group LLC grew its holdings in shares of TransUnion by 2.7% in the second 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. The Manufacturers Life Insurance Company grew its holdings in shares of TransUnion by 8.0% in the second quarter. The Manufacturers Life Insurance Company now owns 5,482 shares of the business services provider’s stock worth $238,000 after purchasing an additional 404 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of TransUnion by 17.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,780 shares of the business services provider’s stock worth $207,000 after purchasing an additional 694 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of TransUnion by 12.5% in the second quarter. Prudential Financial Inc. now owns 10,690 shares of the business services provider’s stock worth $463,000 after purchasing an additional 1,190 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of TransUnion by 18.1% in the second quarter. Teacher Retirement System of Texas now owns 10,058 shares of the business services provider’s stock worth $436,000 after purchasing an additional 1,543 shares during the last quarter.

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)

What are top analysts saying about TransUnion? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for TransUnion and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit