TransUnion (TRU) Earns Neutral Rating from Analysts at Credit Suisse Group
Credit Suisse Group started coverage on shares of TransUnion (NYSE:TRU) in a research note issued on Friday, The Fly reports. The brokerage set a “neutral” rating on the business services provider’s stock.
TRU has been the topic of a number of other reports. Morgan Stanley reiterated a “hold” rating and issued a $75.00 price objective (up from $71.00) on shares of TransUnion in a research report on Thursday, September 13th. JPMorgan Chase & Co. decreased their target price on shares of TransUnion from $88.00 to $84.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 24th. ValuEngine lowered shares of TransUnion from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. Bank of America initiated coverage on shares of TransUnion in a research report on Tuesday, October 23rd. They set a “buy” rating and a $84.00 target price on the stock. Finally, Atlantic Securities upgraded shares of TransUnion from a “neutral” rating to an “overweight” rating and set a $82.00 target price on the stock in a research report on Wednesday, October 24th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $78.54.
NYSE:TRU opened at $62.92 on Friday. TransUnion has a 1-year low of $53.11 and a 1-year high of $79.48. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market capitalization of $11.60 billion, a P/E ratio of 36.80, a PEG ratio of 3.47 and a beta of 0.85.
In related news, CAO Timothy Elberfeld sold 1,592 shares of the business’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $66.14, for a total value of $105,294.88. Following the completion of the transaction, the chief accounting officer now owns 12,566 shares of the company’s stock, valued at approximately $831,115.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James M. Peck sold 141,428 shares of the business’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $62.04, for a total transaction of $8,774,193.12. Following the completion of the transaction, the insider now directly owns 381,627 shares of the company’s stock, valued at approximately $23,676,139.08. The disclosure for this sale can be found here. Insiders sold a total of 147,339 shares of company stock valued at $9,153,788 in the last three months. 2.10% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Point72 Hong Kong Ltd acquired a new position in shares of TransUnion during the 3rd quarter valued at about $101,000. Integrated Investment Consultants LLC acquired a new position in shares of TransUnion during the 2nd quarter valued at about $106,000. Massey Quick Simon & CO. LLC acquired a new position in shares of TransUnion during the 2nd quarter valued at about $139,000. Redpoint Investment Management Pty Ltd acquired a new position in shares of TransUnion during the 3rd quarter valued at about $205,000. Finally, Gabelli Funds LLC acquired a new position in shares of TransUnion during the 2nd quarter valued at about $215,000. 98.47% of the stock is owned by hedge funds and other institutional investors.
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use 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 investigate potential fraud.
Featured Article: Return on Equity (ROE)
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 MarketBeat.com's FREE daily email newsletter.