Morgan Stanley Boosts TransUnion (NYSE:TRU) Price Target to $90.00

TransUnion (NYSE:TRU) had its target price raised by equities researchers at Morgan Stanley from $87.00 to $90.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s target price suggests a potential upside of 20.82% from the company’s previous close.

Other analysts also recently issued research reports about the company. Barclays upped their price target on TransUnion from $55.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 14th. Royal Bank of Canada restated an “outperform” rating and issued a $85.00 price target on shares of TransUnion in a research note on Wednesday, February 14th. Needham & Company LLC upped their price target on TransUnion from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group upped their price target on TransUnion from $63.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, December 29th. Finally, Robert W. Baird upped their price target on TransUnion from $87.00 to $94.00 and gave the stock an “outperform” rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.60.

TransUnion Trading Up 0.3 %

TRU stock opened at $74.49 on Friday. TransUnion has a fifty-two week low of $42.09 and a fifty-two week high of $82.75. The business’s 50 day moving average price is $76.32 and its two-hundred day moving average price is $67.91. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.28.

TransUnion (NYSE:TRU) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. TransUnion had a positive return on equity of 14.22% and a negative net margin of 7.02%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $977.62 million. Sell-side analysts forecast that TransUnion will post 3.31 EPS for the current year.

Insider Activity

In other news, insider Steven M. Chaouki sold 1,775 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $81.30, for a total transaction of $144,307.50. Following the transaction, the insider now directly owns 75,099 shares of the company’s stock, valued at approximately $6,105,548.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Richard Dane Mauldin sold 1,500 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $78.10, for a total transaction of $117,150.00. Following the transaction, the executive vice president now directly owns 22,033 shares of the company’s stock, valued at approximately $1,720,777.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven M. Chaouki sold 1,775 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $81.30, for a total value of $144,307.50. Following the transaction, the insider now directly owns 75,099 shares in the company, valued at $6,105,548.70. The disclosure for this sale can be found here. Insiders have sold 15,275 shares of company stock valued at $1,204,538 in the last ninety days. 0.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TransUnion

Institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new position in TransUnion in the 3rd quarter worth $27,000. GAMMA Investing LLC bought a new position in TransUnion in the 4th quarter worth $30,000. Westpac Banking Corp raised its holdings in TransUnion by 100.0% in the 4th quarter. Westpac Banking Corp now owns 908 shares of the business services provider’s stock worth $62,000 after purchasing an additional 454 shares during the period. CENTRAL TRUST Co raised its holdings in TransUnion by 569.3% in the 3rd quarter. CENTRAL TRUST Co now owns 937 shares of the business services provider’s stock worth $67,000 after purchasing an additional 797 shares during the period. Finally, Assetmark Inc. raised its holdings in TransUnion by 48.6% in the 4th quarter. Assetmark Inc. now owns 1,030 shares of the business services provider’s stock worth $71,000 after purchasing an additional 337 shares during the period.

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.