Oppenheimer Issues Pessimistic Forecast for TransUnion (NYSE:TRU) Stock Price

TransUnion (NYSE:TRU) had its target price cut by equities researchers at Oppenheimer from $115.00 to $112.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price target would indicate a potential upside of 24.35% from the stock’s current price.

Other analysts have also issued reports about the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $121.00 price target on shares of TransUnion in a research report on Thursday, October 24th. The Goldman Sachs Group increased their price objective on shares of TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Stifel Nicolaus raised their price target on shares of TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Morgan Stanley raised their price target on shares of TransUnion from $119.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company raised their price target on shares of TransUnion from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $106.88.

TransUnion Stock Down 0.1 %

TransUnion stock opened at $90.07 on Tuesday. The stock has a market capitalization of $17.55 billion, a PE ratio of 78.32, a price-to-earnings-growth ratio of 1.37 and a beta of 1.62. TransUnion has a twelve month low of $65.65 and a twelve month high of $113.17. 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 company has a 50 day moving average of $98.30 and a 200-day moving average of $94.74.

TransUnion (NYSE:TRU) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. TransUnion had a net margin of 5.47% and a return on equity of 15.38%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. On average, equities research analysts anticipate that TransUnion will post 3.44 EPS for the current fiscal year.

Insider Activity at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $93.60, for a total transaction of $93,600.00. Following the completion of the transaction, the insider now directly owns 59,488 shares in the company, valued at $5,568,076.80. This trade represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 value of $313,573.20. Following the sale, the insider now directly owns 24,333 shares in the company, valued at $2,469,312.84. This trade represents a 11.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,090 shares of company stock worth $1,916,758 over the last quarter. 0.28% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TransUnion

A number of large investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its stake in shares of TransUnion by 32.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,339,762 shares of the business services provider’s stock valued at $1,211,757,000 after acquiring an additional 3,977,595 shares during the period. FMR LLC grew its stake in shares of TransUnion by 307.7% during the 3rd quarter. FMR LLC now owns 4,540,896 shares of the business services provider’s stock valued at $475,432,000 after acquiring an additional 3,427,199 shares during the period. XN LP grew its stake in shares of TransUnion by 194.7% during the 2nd quarter. XN LP now owns 1,973,684 shares of the business services provider’s stock valued at $146,368,000 after acquiring an additional 1,303,996 shares during the period. Westfield Capital Management Co. LP bought a new position in shares of TransUnion during the 3rd quarter valued at approximately $92,661,000. Finally, Wellington Management Group LLP grew its stake in shares of TransUnion by 16.8% during the 3rd quarter. Wellington Management Group LLP now owns 4,426,510 shares of the business services provider’s stock valued at $463,456,000 after acquiring an additional 635,581 shares during the period.

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.