Wells Fargo & Company Upgrades TransUnion (NYSE:TRU) to “Strong-Buy”

TransUnion (NYSE:TRU) was upgraded by equities research analysts at Wells Fargo & Company to a “strong-buy” rating in a research note issued on Tuesday, Zacks.com reports.

Other analysts have also issued reports about the company. Barclays raised their price objective on TransUnion from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Oppenheimer lifted their price target on shares of TransUnion from $90.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Robert W. Baird increased their price objective on shares of TransUnion from $94.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Stifel Nicolaus raised their target price on shares of TransUnion from $83.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Wolfe Research started coverage on shares of TransUnion in a report on Tuesday, July 9th. They set a “peer perform” rating for the company. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.80.

TransUnion Stock Up 3.0 %

NYSE TRU opened at $91.41 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.22. The company has a market cap of $17.76 billion, a price-to-earnings ratio of -63.92, a PEG ratio of 1.25 and a beta of 1.61. The company has a 50 day moving average of $78.77 and a 200-day moving average of $76.56. TransUnion has a 1-year low of $42.09 and a 1-year high of $91.71.

TransUnion (NYSE:TRU) last released its earnings results on Thursday, July 25th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.13. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm posted $0.76 EPS. TransUnion’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities research analysts expect that TransUnion will post 3.43 earnings per share for the current fiscal year.

Insider Transactions at TransUnion

In other TransUnion news, insider Steven M. Chaouki sold 1,776 shares of the stock in a transaction that occurred on 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 owns 71,547 shares in the company, valued at $5,151,384. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Todd M. Cello sold 12,865 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $80.00, for a total transaction of $1,029,200.00. Following the completion of the sale, the chief financial officer now directly owns 101,426 shares of the company’s stock, valued at $8,114,080. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steven M. Chaouki sold 1,776 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $72.00, for a total transaction of $127,872.00. Following the completion of the transaction, the insider now directly owns 71,547 shares in the company, valued at approximately $5,151,384. The disclosure for this sale can be found here. Insiders have sold 33,661 shares of company stock valued at $2,604,898 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TransUnion

A number of institutional investors and hedge funds have recently bought and sold shares of TRU. GAMMA Investing LLC bought a new stake in TransUnion in the 4th quarter worth about $30,000. Larson Financial Group LLC boosted its stake in shares of TransUnion by 237.5% in the 1st quarter. Larson Financial Group LLC now owns 486 shares of the business services provider’s stock worth $39,000 after buying an additional 342 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of TransUnion by 156.6% in the second quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 523 shares in the last quarter. Westpac Banking Corp increased its position in shares of TransUnion by 100.0% during the fourth quarter. Westpac Banking Corp now owns 908 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 454 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in TransUnion by 22.3% during the second quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock worth $66,000 after acquiring an additional 166 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.