Bank of America Upgrades TransUnion (NYSE:TRU) to “Buy”

TransUnion (NYSE:TRU) was upgraded by Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, MarketBeat.com reports. The firm currently has a $92.00 target price on the business services provider’s stock. Bank of America‘s price target would indicate a potential upside of 29.01% from the company’s previous close.

TRU has been the subject of several other reports. Oppenheimer raised their price objective on shares of TransUnion from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Robert W. Baird boosted their price target on TransUnion from $87.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Needham & Company LLC upped their price objective on TransUnion from $87.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Stifel Nicolaus lifted their target price on TransUnion from $83.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Evercore ISI upped their price target on shares of TransUnion from $70.00 to $80.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.73.

TransUnion Stock Down 0.0 %

TRU stock opened at $71.31 on Thursday. TransUnion has a 1-year low of $42.09 and a 1-year high of $82.75. The business’s 50 day simple moving average is $74.07 and its 200 day simple moving average is $72.82. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $13.85 billion, a PE ratio of -49.87, a PEG ratio of 1.43 and a beta of 1.62.

TransUnion (NYSE:TRU) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $977.62 million. TransUnion had a negative net margin of 7.02% and a positive return on equity of 14.26%. As a group, research analysts anticipate that TransUnion will post 3.42 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Heather J. Russell sold 7,000 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $73.10, for a total transaction of $511,700.00. Following the completion of the transaction, the executive vice president now owns 32,744 shares of the company’s stock, valued at approximately $2,393,586.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other TransUnion news, EVP Heather J. Russell sold 7,000 shares of TransUnion stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $73.10, for a total value of $511,700.00. Following the transaction, the executive vice president now owns 32,744 shares in the company, valued at $2,393,586.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Steven M. Chaouki sold 1,776 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $72.00, for a total value of $127,872.00. Following the transaction, the insider now directly owns 71,547 shares of the company’s stock, valued at approximately $5,151,384. The disclosure for this sale can be found here. Insiders sold 10,551 shares of company stock worth $783,880 over the last three months. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC bought a new stake in TransUnion during the 4th quarter worth $30,000. Larson Financial Group LLC raised its holdings in TransUnion by 237.5% in the 1st quarter. Larson Financial Group LLC now owns 486 shares of the business services provider’s stock valued at $39,000 after buying an additional 342 shares during the last quarter. Westpac Banking Corp boosted its position in TransUnion by 100.0% during the 4th quarter. Westpac Banking Corp now owns 908 shares of the business services provider’s stock worth $62,000 after buying an additional 454 shares during the period. Assetmark Inc. grew its holdings in TransUnion by 48.6% during the 4th quarter. Assetmark Inc. now owns 1,030 shares of the business services provider’s stock worth $71,000 after acquiring an additional 337 shares during the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of TransUnion by 206.7% during the fourth quarter. Headlands Technologies LLC now owns 1,141 shares of the business services provider’s stock valued at $78,000 after acquiring an additional 769 shares during the last quarter.

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.