Morgan Stanley Lowers TransUnion (NYSE:TRU) Price Target to $127.00

TransUnion (NYSE:TRU) had its target price cut by analysts at Morgan Stanley from $130.00 to $127.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s price objective points to a potential upside of 31.20% from the stock’s current price.

A number of other brokerages also recently issued reports on TRU. The Goldman Sachs Group boosted their price objective on TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Stifel Nicolaus upped their price target on shares of TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Needham & Company LLC reissued a “hold” rating on shares of TransUnion in a research note on Thursday, January 16th. UBS Group initiated coverage on shares of TransUnion in a research note on Tuesday, October 1st. They set a “neutral” rating and a $110.00 target price on the stock. Finally, Robert W. Baird increased their price target on TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, TransUnion currently has a consensus rating of “Moderate Buy” and an average price target of $108.00.

TransUnion Price Performance

NYSE TRU opened at $96.80 on Tuesday. The business’s fifty day moving average is $95.92 and its 200 day moving average is $96.65. TransUnion has a fifty-two week low of $66.07 and a fifty-two week high of $113.17. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market capitalization of $18.87 billion, a PE ratio of 84.17, a price-to-earnings-growth ratio of 1.16 and a beta of 1.62.

Insider Activity

In other news, insider Todd C. Skinner sold 3,090 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $101.48, for a total transaction of $313,573.20. Following the transaction, the insider now owns 24,333 shares of the company’s stock, valued at approximately $2,469,312.84. The trade was a 11.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steven M. Chaouki sold 1,500 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $105.66, for a total value of $158,490.00. Following the completion of the sale, the insider now owns 62,988 shares of the company’s stock, valued at approximately $6,655,312.08. This represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,090 shares of company stock worth $1,916,758. 0.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TransUnion

Hedge funds and other institutional investors have recently made changes to their positions in the company. Huntington National Bank boosted its stake in shares of TransUnion by 84.5% during the 3rd quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock worth $30,000 after purchasing an additional 131 shares during the period. Versant Capital Management Inc lifted its stake in TransUnion by 82.1% in the fourth quarter. Versant Capital Management Inc now owns 428 shares of the business services provider’s stock worth $40,000 after purchasing an additional 193 shares during the last quarter. Quarry LP boosted its position in shares of TransUnion by 963.0% during the second quarter. Quarry LP now owns 574 shares of the business services provider’s stock valued at $43,000 after buying an additional 520 shares during the period. Retirement Wealth Solutions LLC bought a new position in shares of TransUnion during the fourth quarter valued at approximately $44,000. Finally, True Wealth Design LLC raised its holdings in shares of TransUnion by 4,590.0% in the third quarter. True Wealth Design LLC now owns 469 shares of the business services provider’s stock worth $49,000 after buying an additional 459 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.