Morgan Stanley Boosts TransUnion (NYSE:TRU) Price Target to $119.00

TransUnion (NYSE:TRU) had its price objective boosted by research analysts at Morgan Stanley from $103.00 to $119.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 10.13% from the company’s previous close.

A number of other research firms also recently commented on TRU. Stifel Nicolaus upped their price objective on TransUnion from $103.00 to $120.00 and gave the company a “buy” rating in a report on Thursday. Robert W. Baird increased their price target on TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday. Needham & Company LLC restated a “hold” rating on shares of TransUnion in a report on Thursday. Wolfe Research upgraded TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price target for the company in a report on Thursday, October 10th. Finally, The Goldman Sachs Group increased their price target on TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $103.65.

TransUnion Trading Down 0.6 %

Shares of TRU traded down $0.62 during trading hours on Thursday, hitting $108.05. 642,615 shares of the stock traded hands, compared to its average volume of 1,581,640. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.22. TransUnion has a 1-year low of $42.09 and a 1-year high of $113.17. The firm has a market capitalization of $20.98 billion, a PE ratio of -75.45, a price-to-earnings-growth ratio of 1.38 and a beta of 1.62. The business has a fifty day moving average of $101.10 and a 200-day moving average of $85.37.

TransUnion (NYSE:TRU) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.13. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 earnings per share. Analysts expect that TransUnion will post 3.46 EPS for the current year.

Insider Buying and Selling

In related news, insider Todd C. Skinner sold 2,900 shares of TransUnion stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $85.58, for a total transaction of $248,182.00. Following the completion of the sale, the insider now directly owns 27,729 shares of the company’s stock, valued at approximately $2,373,047.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Todd C. Skinner sold 2,900 shares of TransUnion stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $85.58, for a total transaction of $248,182.00. Following the completion of the sale, the insider now directly owns 27,729 shares of the company’s stock, valued at approximately $2,373,047.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jennifer A. Williams sold 405 shares of TransUnion stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total value of $38,709.90. Following the sale, the chief accounting officer now directly owns 7,186 shares of the company’s stock, valued at approximately $686,837.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,715 shares of company stock valued at $1,299,729. Insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On TransUnion

Hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC increased its stake in TransUnion by 237.5% during the 1st quarter. Larson Financial Group LLC now owns 486 shares of the business services provider’s stock worth $39,000 after acquiring an additional 342 shares during the period. Quarry LP increased its stake in shares of TransUnion by 963.0% in the 2nd quarter. Quarry LP now owns 574 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 520 shares during the last quarter. Signaturefd LLC increased its stake in shares of TransUnion by 15.0% in the 3rd quarter. Signaturefd LLC now owns 788 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 103 shares during the last quarter. Blue Trust Inc. increased its stake in shares of TransUnion by 156.6% in the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 523 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in shares of TransUnion by 22.3% in the 2nd quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 166 shares during the last quarter.

About TransUnion

TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates through U.S. Markets, International, and Consumer Interactive segments. The U.S. Markets segment provides consumer reports, actionable insights, and analytic services to businesses, which uses its services to acquire new customers; assess consumer ability to pay for services; identify cross-selling opportunities; measure and manage debt portfolio risk; collect debt; verify consumer identities; and mitigate fraud risk.