TransUnion (NYSE:TRU – Get Rating) was upgraded by equities researchers at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a report issued on Friday, MarketBeat Ratings reports. The brokerage presently has a $88.00 price objective on the business services provider’s stock, up from their previous price objective of $70.00. Wells Fargo & Company‘s target price would suggest a potential upside of 28.19% from the stock’s current price.
Several other analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on TransUnion from $101.00 to $71.00 and set a “buy” rating for the company in a research report on Tuesday, October 18th. Barclays cut shares of TransUnion from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $70.00 to $65.00 in a research report on Friday, December 2nd. Jefferies Financial Group reiterated a “buy” rating and set a $70.00 target price (down from $109.00) on shares of TransUnion in a report on Wednesday, October 19th. The Goldman Sachs Group reduced their price target on TransUnion from $85.00 to $74.00 and set a “neutral” rating on the stock in a report on Thursday, October 27th. Finally, Atlantic Securities dropped their price objective on TransUnion from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, September 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.57.
TransUnion Trading Up 2.6 %
Shares of TRU stock opened at $68.65 on Friday. The business has a 50-day moving average price of $60.13 and a two-hundred day moving average price of $67.65. TransUnion has a 12-month low of $50.32 and a 12-month high of $109.63. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.39. The firm has a market cap of $13.23 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of TRU. Price T Rowe Associates Inc. MD grew its position in shares of TransUnion by 37.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 30,760,159 shares of the business services provider’s stock valued at $2,460,505,000 after acquiring an additional 8,437,641 shares during the period. Vanguard Group Inc. raised its holdings in TransUnion by 0.9% during the third quarter. Vanguard Group Inc. now owns 17,211,931 shares of the business services provider’s stock valued at $1,023,938,000 after acquiring an additional 155,910 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of TransUnion by 6.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,950,730 shares of the business services provider’s stock valued at $715,968,000 after acquiring an additional 538,979 shares in the last quarter. Farallon Capital Management LLC grew its position in shares of TransUnion by 6.0% during the third quarter. Farallon Capital Management LLC now owns 7,907,895 shares of the business services provider’s stock worth $470,441,000 after purchasing an additional 444,899 shares in the last quarter. Finally, BlueSpruce Investments LP raised its stake in TransUnion by 19.4% during the 3rd quarter. BlueSpruce Investments LP now owns 5,983,742 shares of the business services provider’s stock valued at $355,973,000 after purchasing an additional 973,517 shares during the period. Hedge funds and other institutional investors own 95.02% of the company’s stock.
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Markets, International, and Consumer Interactive. The U.S. Markets segment provides consumer reports, actionable insights, and analytics to 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 mitigate fraud risk.
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