Wells Fargo & Company Issues Pessimistic Forecast for TransUnion (NYSE:TRU) Stock Price

TransUnion (NYSE:TRU) had its target price cut by analysts at Wells Fargo & Company from $135.00 to $126.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 45.58% from the company’s previous close.

A number of other brokerages have also recently commented on TRU. Morgan Stanley upped their price target on shares of TransUnion from $119.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Stifel Nicolaus upped their price target on shares of TransUnion from $103.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Oppenheimer decreased their target price on shares of TransUnion from $115.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of TransUnion in a report on Thursday, October 24th. Finally, Barclays upped their target price on shares of TransUnion from $80.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $106.31.

TransUnion Stock Down 4.0 %

TRU opened at $86.55 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.19. The stock has a market cap of $16.87 billion, a price-to-earnings ratio of 75.26, a PEG ratio of 1.37 and a beta of 1.62. TransUnion has a twelve month low of $66.07 and a twelve month high of $113.17. The company’s 50-day moving average price is $97.55 and its two-hundred day moving average price is $94.89.

TransUnion (NYSE:TRU) last released its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.06 billion. TransUnion had a net margin of 5.47% and a return on equity of 15.38%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share. As a group, equities analysts expect that TransUnion will post 3.44 earnings per share for the current year.

Insider Buying and Selling at TransUnion

In other TransUnion news, Director George M. Awad sold 12,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $100.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the director now owns 27,026 shares of the company’s stock, valued at $2,702,600. This represents a 30.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Todd C. Skinner sold 3,090 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $101.48, for a total transaction of $313,573.20. Following the sale, the insider now directly owns 24,333 shares of the company’s stock, valued at $2,469,312.84. The trade was a 11.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,090 shares of company stock valued at $1,916,758 in the last quarter. Company insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On TransUnion

Several institutional investors and hedge funds have recently modified their holdings of TRU. National Bank of Canada FI lifted its position in shares of TransUnion by 22.3% in the 2nd quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock worth $66,000 after purchasing an additional 166 shares during the period. Acadian Asset Management LLC bought a new position in shares of TransUnion in the 2nd quarter worth about $1,048,000. Quest Partners LLC increased its stake in shares of TransUnion by 160.9% in the 2nd quarter. Quest Partners LLC now owns 2,202 shares of the business services provider’s stock worth $163,000 after acquiring an additional 1,358 shares in the last quarter. Royal London Asset Management Ltd. increased its stake in shares of TransUnion by 4.6% in the 2nd quarter. Royal London Asset Management Ltd. now owns 76,340 shares of the business services provider’s stock worth $5,661,000 after acquiring an additional 3,386 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of TransUnion by 14.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 19,470 shares of the business services provider’s stock worth $1,444,000 after acquiring an additional 2,494 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.