TransUnion (TRU) Price Target Increased to $60.00 by Analysts at Royal Bank of Canada

TransUnion (NYSE:TRU) had its target price increased by Royal Bank of Canada to $60.00 in a report published on Tuesday morning. They currently have an outperform rating on the business services provider’s stock.

A number of other brokerages have also issued reports on TRU. Barclays reaffirmed a buy rating and issued a $65.00 price target on shares of TransUnion in a research note on Friday, December 15th. Atlantic Securities raised TransUnion from a neutral rating to an overweight rating in a research note on Friday, November 17th. Stifel Nicolaus reaffirmed a buy rating and issued a $59.00 price target (up from $50.00) on shares of TransUnion in a research note on Sunday, October 29th. Morgan Stanley lowered TransUnion from an overweight rating to an equal weight rating and set a $54.00 price target on the stock. in a research note on Monday, October 30th. Finally, SunTrust Banks boosted their price objective on TransUnion to $64.00 and gave the stock a buy rating in a research note on Monday, October 30th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $56.30.

Shares of TransUnion (NYSE TRU) opened at $55.93 on Tuesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $10,252.05, a P/E ratio of 33.26, a PEG ratio of 3.29 and a beta of 0.64. TransUnion has a 12 month low of $30.39 and a 12 month high of $56.77.

TransUnion (NYSE:TRU) last issued its quarterly earnings results on Friday, October 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.06. The firm 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 business’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. research analysts predict that TransUnion will post 1.71 EPS for the current fiscal year.

In other news, insider James M. Peck sold 18,864 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $52.41, for a total value of $988,662.24. Following the transaction, the insider now owns 239,313 shares of the company’s stock, valued at approximately $12,542,394.33. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Siddharth N. Mehta sold 65,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now directly owns 33,389 shares in the company, valued at approximately $1,744,575.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,630,406 shares of company stock worth $243,995,475. Corporate insiders own 2.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of TRU. Public Employees Retirement Association of Colorado increased its holdings in shares of TransUnion by 138.6% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 4,009 shares of the business services provider’s stock valued at $174,000 after acquiring an additional 2,329 shares during the last quarter. ETRADE Capital Management LLC acquired a new stake in shares of TransUnion in the 3rd quarter valued at about $204,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of TransUnion by 17.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,780 shares of the business services provider’s stock valued at $207,000 after purchasing an additional 694 shares during the period. SG Americas Securities LLC acquired a new stake in shares of TransUnion in the 2nd quarter valued at about $212,000. Finally, Alpine Global Management LLC acquired a new stake in shares of TransUnion in the 2nd quarter valued at about $217,000.

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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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