Royal Bank of Canada Reiterates “Outperform” Rating for TransUnion (NYSE:TRU)

TransUnion (NYSE:TRU)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank of Canada in a research note issued to investors on Thursday, Benzinga reports. They presently have a $121.00 price target on the business services provider’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 16.76% from the stock’s previous close.

TRU has been the topic of a number of other research reports. The Goldman Sachs Group increased their price objective on shares of TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Wolfe Research upgraded shares of TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price target on the stock in a research note on Thursday, October 10th. Oppenheimer boosted their price objective on TransUnion from $118.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays raised their target price on TransUnion from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Finally, Robert W. Baird boosted their price target on TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.53.

TransUnion Stock Performance

Shares of TRU opened at $103.63 on Thursday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.66 and a quick ratio of 1.66. TransUnion has a 12-month low of $42.09 and a 12-month high of $113.17. The business’s fifty day moving average price is $101.57 and its 200 day moving average price is $85.69. 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 issued its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, beating 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 company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. TransUnion’s quarterly revenue was up 12.0% compared to the same quarter last year. Equities research analysts forecast that TransUnion will post 3.46 EPS for the current year.

Insider Transactions at TransUnion

In other news, EVP Heather J. Russell sold 3,173 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total transaction of $303,275.34. Following the completion of the sale, the executive vice president now directly owns 19,926 shares of the company’s stock, valued at $1,904,527.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Heather J. Russell sold 3,173 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $95.58, for a total transaction of $303,275.34. Following the sale, the executive vice president now owns 19,926 shares in the company, valued at $1,904,527.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer A. Williams sold 405 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total transaction of $38,709.90. Following the completion of the transaction, the chief accounting officer now directly owns 7,186 shares of the company’s stock, valued at $686,837.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,715 shares of company stock valued at $1,299,729 in the last three months. 0.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TRU. 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 valued at $39,000 after acquiring an additional 342 shares in the last quarter. Quarry LP grew its position in TransUnion by 963.0% during the second quarter. Quarry LP now owns 574 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 520 shares in the last quarter. National Bank of Canada FI increased its stake in 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 buying an additional 166 shares during the period. Blue Trust Inc. lifted its position in TransUnion by 156.6% in the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock worth $68,000 after buying an additional 523 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of TransUnion during the 2nd quarter valued at $75,000.

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.