Wells Fargo & Company Has Lowered Expectations for TransUnion (NYSE:TRU) Stock Price

TransUnion (NYSE:TRU) had its price target dropped by Wells Fargo & Company from $135.00 to $126.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 41.08% from the stock’s previous close.

Several other research firms have also recently issued reports on TRU. 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 report on Thursday, October 24th. The Goldman Sachs Group boosted their price target on TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Wolfe Research raised shares of TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price objective for the company in a report on Thursday, October 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $121.00 price target on shares of TransUnion in a report on Thursday, October 24th. Finally, Barclays boosted their price objective on TransUnion from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Seven investment 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, TransUnion currently has an average rating of “Moderate Buy” and an average price target of $106.31.

TransUnion Price Performance

Shares of NYSE:TRU opened at $89.31 on Friday. TransUnion has a 12 month low of $66.07 and a 12 month high of $113.17. The firm has a market capitalization of $17.41 billion, a price-to-earnings ratio of 77.66, a price-to-earnings-growth ratio of 1.37 and a beta of 1.62. The business’s 50 day simple moving average is $98.04 and its 200-day simple moving average is $94.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.68 and a quick ratio of 1.68.

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

Insiders Place Their Bets

In related news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $93.60, for a total value of $93,600.00. Following the sale, the insider now owns 59,488 shares of the company’s stock, valued at approximately $5,568,076.80. This trade represents a 1.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Todd C. Skinner sold 3,090 shares of the stock in a transaction 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 $2,469,312.84. The trade was a 11.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,090 shares of company stock valued at $1,916,758 in the last 90 days. 0.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TransUnion

Several large investors have recently modified their holdings of TRU. National Bank of Canada FI increased its holdings in TransUnion by 22.3% during 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 in the last quarter. Acadian Asset Management LLC bought a new stake in shares of TransUnion in the second quarter valued at approximately $1,048,000. Quest Partners LLC boosted its holdings in 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 buying an additional 1,358 shares during the period. Royal London Asset Management Ltd. raised its holdings in TransUnion by 4.6% during the 2nd quarter. Royal London Asset Management Ltd. now owns 76,340 shares of the business services provider’s stock valued at $5,661,000 after acquiring an additional 3,386 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in 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 buying an additional 2,494 shares in the last quarter.

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.