TransUnion (TRU) Stock Rating Reaffirmed by Royal Bank Of Canada
Royal Bank Of Canada reissued their buy rating on shares of TransUnion (NYSE:TRU) in a research note published on Friday. Royal Bank Of Canada currently has a $57.00 price target on the business services provider’s stock.
A number of other brokerages also recently weighed in on TRU. Morgan Stanley raised their price objective on TransUnion from $50.00 to $51.00 and gave the company an overweight rating in a research note on Monday, October 23rd. Deutsche Bank AG reissued a buy rating and issued a $55.00 price objective (up from $50.00) on shares of TransUnion in a research note on Tuesday, October 24th. Zacks Investment Research raised TransUnion from a hold rating to a buy rating and set a $56.00 price objective on the stock in a research note on Wednesday, October 11th. Cowen and Company reissued a buy rating and issued a $48.00 price objective on shares of TransUnion in a research note on Thursday, October 12th. Finally, SunTrust Banks, Inc. reissued a buy rating and issued a $56.00 price objective on shares of TransUnion in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. TransUnion currently has an average rating of Buy and an average target price of $54.70.
Shares of TransUnion (NYSE TRU) opened at 52.47 on Friday. TransUnion has a 12 month low of $28.92 and a 12 month high of $54.49. The firm has a market cap of $9.54 billion, a P/E ratio of 45.15 and a beta of 0.58. The firm has a 50-day moving average of $48.01 and a 200 day moving average of $48.01.
TransUnion (NYSE:TRU) last issued its quarterly earnings data on Friday, October 27th. The business services provider reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.06. TransUnion had a return on equity of 21.68% and a net margin of 13.17%. The business had revenue of $498.00 million for the quarter, compared to the consensus estimate of $475.52 million. During the same period last year, the business earned $0.38 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. On average, equities research analysts anticipate that TransUnion will post $1.83 EPS for the current fiscal year.
WARNING: This article was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://theolympiareport.com/2017/10/31/transunion-tru-stock-rating-reaffirmed-by-royal-bank-of-canada.html.
In other news, EVP Samuel A. Hamood sold 21,341 shares of TransUnion 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 sale, the executive vice president now owns 20,243 shares of the company’s stock, valued at approximately $869,436.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 13,734,177 shares of TransUnion stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $45.60, for a total value of $626,278,471.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,031,682 shares of company stock worth $639,882,705. Company insiders own 2.10% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Aperio Group LLC grew its holdings in shares of TransUnion by 2.7% during the 2nd 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 in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of TransUnion by 8.0% during the 2nd 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of TransUnion by 17.0% during the 2nd 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 in the last quarter. Prudential Financial Inc. grew its holdings in shares of TransUnion by 12.5% during the 2nd 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 in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of TransUnion by 18.1% during the 2nd 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 in 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.
Receive News & Ratings for TransUnion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransUnion and related companies with Analyst Ratings Network's FREE daily email newsletter.