Morgan Stanley Downgrades TransUnion (TRU) to Equal Weight
TransUnion (NYSE:TRU) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Monday. They currently have a $54.00 target price on the business services provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 2.88% from the stock’s current price.
TRU has been the topic of several other reports. Zacks Investment Research raised shares of TransUnion from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Thursday, September 7th. SunTrust Banks, Inc. began coverage on shares of TransUnion in a report on Tuesday, September 5th. They set a “buy” rating and a $54.00 price objective on the stock. Cowen and Company reaffirmed a “buy” rating and set a $48.00 price objective on shares of TransUnion in a report on Thursday, September 7th. BidaskClub raised shares of TransUnion from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of TransUnion in a report on Friday, September 8th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $55.00.
TransUnion (NYSE TRU) opened at 52.49 on Monday. The stock has a market cap of $9.55 billion, a PE ratio of 45.17 and a beta of 0.58. The company’s 50 day moving average is $48.14 and its 200-day moving average is $48.13. TransUnion has a 1-year low of $28.92 and a 1-year high of $54.49.
TransUnion (NYSE:TRU) last posted its quarterly earnings data on Friday, October 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 21.68%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. Equities research analysts forecast that TransUnion will post $1.86 earnings per share for the current fiscal year.
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In other news, EVP John W. Blenke sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $46.24, for a total value of $462,400.00. Following the transaction, the executive vice president now directly owns 79,717 shares of the company’s stock, valued at $3,686,114.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James M. Peck sold 18,864 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $52.41, for a total transaction of $988,662.24. Following the completion of the transaction, the insider now directly owns 239,313 shares in the company, valued at $12,542,394.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,050,546 shares of company stock worth $640,871,367. Insiders own 2.10% of the company’s stock.
Large investors have recently bought and sold shares of the company. California State Teachers Retirement System lifted its stake in shares of TransUnion by 116.1% in the second quarter. California State Teachers Retirement System now owns 227,221 shares of the business services provider’s stock worth $9,841,000 after buying an additional 122,093 shares in the last quarter. State of Wisconsin Investment Board lifted its stake in shares of TransUnion by 141.8% in the second quarter. State of Wisconsin Investment Board now owns 25,408 shares of the business services provider’s stock worth $1,100,000 after buying an additional 14,900 shares in the last quarter. Morgan Stanley lifted its stake in shares of TransUnion by 1,433.7% in the first quarter. Morgan Stanley now owns 769,615 shares of the business services provider’s stock worth $29,514,000 after buying an additional 719,436 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in shares of TransUnion in the second quarter worth about $41,015,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of TransUnion by 1,297.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 164,900 shares of the business services provider’s stock worth $7,142,000 after buying an additional 153,100 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.
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