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

TransUnion (NYSE:TRU) had its price target upped by Morgan Stanley from $103.00 to $119.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 14.83% from the stock’s current price.

Several other equities research analysts have also recently issued reports on TRU. UBS Group initiated coverage on TransUnion in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $110.00 price target for the company. Barclays increased their target price on TransUnion from $80.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of TransUnion in a research note on Thursday. The Goldman Sachs Group raised their target price on shares of TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Finally, Robert W. Baird increased their price target on shares of TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, TransUnion currently has a consensus rating of “Moderate Buy” and an average target price of $104.53.

TransUnion Trading Down 2.8 %

Shares of NYSE:TRU opened at $103.63 on Thursday. The company’s 50-day moving average price is $101.57 and its two-hundred day moving average price is $85.69. TransUnion has a one year low of $42.09 and a one year high of $113.17. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $20.12 billion, a PE ratio of -72.47, a price-to-earnings-growth ratio of 1.38 and a beta of 1.62.

TransUnion (NYSE:TRU) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm earned $0.80 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. On average, equities analysts forecast that TransUnion will post 3.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Timothy J. Martin sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $104.59, for a total transaction of $261,475.00. Following the completion of the transaction, the executive vice president now directly owns 46,739 shares of the company’s stock, valued at $4,888,432.01. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Timothy J. Martin sold 2,500 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $104.59, for a total value of $261,475.00. Following the transaction, the executive vice president now directly owns 46,739 shares of the company’s stock, valued at approximately $4,888,432.01. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Todd C. Skinner sold 2,900 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $85.58, for a total value of $248,182.00. Following the sale, the insider now owns 27,729 shares of the company’s stock, valued at $2,373,047.82. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,715 shares of company stock valued at $1,299,729. 0.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TransUnion

A number of institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC grew 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 buying an additional 342 shares during the last quarter. Quarry LP increased its position in shares of TransUnion by 963.0% during the second quarter. Quarry LP now owns 574 shares of the business services provider’s stock worth $43,000 after purchasing an additional 520 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of TransUnion by 22.3% in the second 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 period. Blue Trust Inc. boosted its position in shares of TransUnion by 156.6% during the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock worth $68,000 after purchasing an additional 523 shares during the period. Finally, Ridgewood Investments LLC acquired a new stake in shares of TransUnion during the second quarter worth about $75,000.

TransUnion Company Profile

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.