The Goldman Sachs Group Raises TransUnion (NYSE:TRU) Price Target to $109.00

TransUnion (NYSE:TRU) had its price target increased by stock analysts at The Goldman Sachs Group from $97.00 to $109.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 2.24% from the company’s previous close.

Several other research firms have also commented on TRU. Barclays increased their price target on shares of TransUnion from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. UBS Group initiated coverage on TransUnion in a research report on Tuesday. They set a “neutral” rating and a $110.00 target price on the stock. Robert W. Baird raised their price target on TransUnion from $94.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Morgan Stanley lifted their target price on shares of TransUnion from $96.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Finally, Royal Bank of Canada raised their price target on shares of TransUnion from $85.00 to $106.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, TransUnion has an average rating of “Moderate Buy” and a consensus price target of $95.44.

TransUnion Stock Up 0.7 %

Shares of TransUnion stock opened at $106.62 on Wednesday. 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 cap of $20.72 billion, a price-to-earnings ratio of -74.56, a PEG ratio of 1.39 and a beta of 1.62. The firm’s 50-day moving average is $95.09 and its two-hundred day moving average is $82.45. TransUnion has a 1 year low of $42.09 and a 1 year high of $106.68.

TransUnion (NYSE:TRU) last announced its earnings results on Thursday, July 25th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.13. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS. As a group, research analysts expect that TransUnion will post 3.44 earnings per share for the current fiscal year.

Insider Activity at TransUnion

In related news, CFO Todd M. Cello sold 12,865 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $80.00, for a total value of $1,029,200.00. Following the completion of the transaction, the chief financial officer now owns 101,426 shares of the company’s stock, valued at approximately $8,114,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Todd C. Skinner sold 2,900 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $85.58, for a total transaction of $248,182.00. Following the transaction, the insider now directly owns 27,729 shares in the company, valued at approximately $2,373,047.82. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Todd M. Cello sold 12,865 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $80.00, for a total value of $1,029,200.00. Following the completion of the sale, the chief financial officer now directly owns 101,426 shares of the company’s stock, valued at $8,114,080. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,580 shares of company stock worth $2,328,929. 0.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On TransUnion

A number of hedge funds have recently modified their holdings of the company. Park Avenue Securities LLC acquired a new position in TransUnion in the 3rd quarter valued at about $490,000. SG Americas Securities LLC purchased a new stake in shares of TransUnion during the 3rd quarter valued at approximately $469,000. Abacus Planning Group Inc. acquired a new position in TransUnion in the third quarter valued at approximately $216,000. Sanctuary Advisors LLC acquired a new stake in TransUnion during the second quarter worth $1,008,000. Finally, Next Capital Management LLC acquired a new stake in TransUnion during the second quarter worth $422,000.

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.