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

TransUnion (NYSE:TRU) had its price objective raised by Morgan Stanley from $87.00 to $90.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s price target suggests a potential upside of 19.82% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Needham & Company LLC lifted their target price on TransUnion from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada restated an “outperform” rating and issued a $85.00 target price on shares of TransUnion in a report on Wednesday, February 14th. Oppenheimer upped their target price on TransUnion from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Bank of America upgraded TransUnion from an “underperform” rating to a “neutral” rating and upped their price target for the company from $65.00 to $90.00 in a research report on Monday, April 1st. Finally, Robert W. Baird increased their target price on TransUnion from $87.00 to $94.00 and gave the stock an “outperform” rating in a report on Friday. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.60.

TransUnion Stock Performance

Shares of TRU traded up $0.82 during midday trading on Friday, hitting $75.11. 925,158 shares of the stock traded hands, compared to its average volume of 1,700,842. TransUnion has a 1-year low of $42.09 and a 1-year high of $82.75. The firm has a market capitalization of $14.59 billion, a PE ratio of -50.40, a price-to-earnings-growth ratio of 1.06 and a beta of 1.61. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.47 and a current ratio of 1.47. The business’s 50 day moving average price is $76.33 and its two-hundred day moving average price is $67.88.

TransUnion (NYSE:TRU) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. TransUnion had a negative net margin of 7.50% and a positive return on equity of 13.58%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $977.62 million. Equities research analysts predict that TransUnion will post 3.31 EPS for the current fiscal year.

Insider Buying and Selling

In other TransUnion news, insider Steven M. Chaouki sold 1,775 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $81.30, for a total value of $144,307.50. Following the completion of the transaction, the insider now directly owns 75,099 shares in the company, valued at $6,105,548.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Timothy J. Martin sold 12,000 shares of TransUnion stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $78.59, for a total transaction of $943,080.00. Following the completion of the transaction, the executive vice president now directly owns 54,522 shares in the company, valued at approximately $4,284,883.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven M. Chaouki sold 1,775 shares of TransUnion stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $81.30, for a total value of $144,307.50. Following the transaction, the insider now owns 75,099 shares of the company’s stock, valued at $6,105,548.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,275 shares of company stock worth $1,204,538. 0.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in TransUnion during the 3rd quarter worth approximately $27,000. GAMMA Investing LLC acquired a new position in TransUnion in the 4th quarter valued at $30,000. Westpac Banking Corp increased its stake in shares of TransUnion by 100.0% in the 4th quarter. Westpac Banking Corp now owns 908 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 454 shares during the last quarter. CENTRAL TRUST Co raised its holdings in shares of TransUnion by 569.3% during the 3rd quarter. CENTRAL TRUST Co now owns 937 shares of the business services provider’s stock worth $67,000 after buying an additional 797 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of 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 buying an additional 337 shares in the last quarter.

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.