ValuEngine Downgrades TransUnion (NYSE:TRU) to Hold

TransUnion (NYSE:TRU) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Wednesday, ValuEngine reports.

Other equities research analysts also recently issued reports about the company. Atlantic Securities downgraded TransUnion from an “overweight” rating to a “neutral” rating in a report on Tuesday, July 30th. Zacks Investment Research raised TransUnion from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a report on Monday, July 29th. JPMorgan Chase & Co. increased their price target on TransUnion from $78.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. SunTrust Banks reaffirmed a “positive” rating and set a $90.00 price target on shares of TransUnion in a report on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Morgan Stanley increased their price target on TransUnion from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. TransUnion has an average rating of “Buy” and an average price target of $79.42.

Shares of TRU stock traded up $1.30 during trading hours on Wednesday, hitting $79.79. The stock had a trading volume of 1,038,666 shares, compared to its average volume of 1,277,561. The firm has a market capitalization of $14.98 billion, a PE ratio of 34.54, a PEG ratio of 3.27 and a beta of 0.99. TransUnion has a twelve month low of $52.15 and a twelve month high of $85.50. The stock’s 50 day moving average is $81.84 and its 200 day moving average is $73.93. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.51 and a quick ratio of 1.51.

TransUnion (NYSE:TRU) last issued its quarterly earnings results on Tuesday, July 23rd. The business services provider reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.08. TransUnion had a return on equity of 22.94% and a net margin of 12.84%. The firm had revenue of $661.90 million during the quarter, compared to the consensus estimate of $644.73 million. During the same period last year, the company earned $0.62 earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. As a group, equities analysts predict that TransUnion will post 2.47 earnings per share for the current year.

In other TransUnion news, insider Christopher A. Cartwright sold 44,040 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $83.30, for a total value of $3,668,532.00. Following the completion of the transaction, the insider now owns 155,978 shares in the company, valued at $12,992,967.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Timothy Elberfeld sold 2,500 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $75.00, for a total value of $187,500.00. The disclosure for this sale can be found here. Insiders sold 244,204 shares of company stock valued at $20,255,965 in the last quarter. 0.92% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in TRU. Independent Franchise Partners LLP increased its position in shares of TransUnion by 132.4% in the second quarter. Independent Franchise Partners LLP now owns 3,390,983 shares of the business services provider’s stock valued at $249,271,000 after buying an additional 1,931,767 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of TransUnion in the first quarter valued at $87,405,000. Nuveen Asset Management LLC purchased a new position in shares of TransUnion in the second quarter valued at $75,287,000. Findlay Park Partners LLP purchased a new position in shares of TransUnion in the second quarter valued at $64,321,000. Finally, Pictet Asset Management Ltd. increased its position in shares of TransUnion by 49.3% in the second quarter. Pictet Asset Management Ltd. now owns 2,072,684 shares of the business services provider’s stock valued at $152,363,000 after buying an additional 684,297 shares in the last quarter.

About TransUnion

TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for 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 investigate potential fraud.

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Analyst Recommendations for TransUnion (NYSE:TRU)

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