Atlantic Securities Downgrades TransUnion (NYSE:TRU) to Neutral

Atlantic Securities downgraded shares of TransUnion (NYSE:TRU) from an overweight rating to a neutral rating in a research report report published on Tuesday morning, BenzingaRatingsTable reports.

Several other analysts have also recently weighed in on TRU. SunTrust Banks reiterated a positive rating and issued 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. JPMorgan Chase & Co. lifted their price target on shares of TransUnion from $78.00 to $92.00 and gave the company an overweight rating in a report on Wednesday, July 24th. Morgan Stanley lifted their price target on shares of TransUnion from $82.00 to $83.00 and gave the company an equal weight rating in a report on Wednesday, July 24th. ValuEngine upgraded shares of TransUnion from a hold rating to a buy rating in a report on Tuesday, June 11th. Finally, Deutsche Bank lifted their price target on shares of TransUnion from $75.00 to $78.00 and gave the company a buy rating in a report on Tuesday, July 2nd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $79.42.

Shares of TransUnion stock opened at $81.77 on Tuesday. 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 has a 52-week low of $52.15 and a 52-week high of $84.71. The company has a market capitalization of $15.50 billion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 3.36 and a beta of 1.00. The business has a 50 day moving average price of $75.63.

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

In other TransUnion news, CAO Timothy Elberfeld sold 2,500 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $75.00, for a total transaction of $187,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James M. Peck sold 103,331 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $84.10, for a total value of $8,690,137.10. Following the transaction, the director now directly owns 245,345 shares of the company’s stock, valued at approximately $20,633,514.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 205,701 shares of company stock worth $16,358,489. 0.92% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. raised its position in shares of TransUnion by 222.9% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 678 shares of the business services provider’s stock worth $50,000 after purchasing an additional 468 shares during the last quarter. CENTRAL TRUST Co purchased a new position in shares of TransUnion in the 2nd quarter worth about $54,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of TransUnion in the 1st quarter worth about $80,000. Rockefeller Capital Management L.P. purchased a new position in shares of TransUnion in the 1st quarter worth about $122,000. Finally, Strs Ohio raised its position in shares of TransUnion by 23.9% in the 1st quarter. Strs Ohio now owns 2,343 shares of the business services provider’s stock worth $156,000 after purchasing an additional 452 shares during the last quarter.

TransUnion Company Profile

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.

Further Reading: Price to Earnings Ratio (PE)

Analyst Recommendations for TransUnion (NYSE:TRU)

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