Wells Fargo & Company Cuts TransUnion (NYSE:TRU) Price Target to $118.00

Key Points

• Wells Fargo & Company has lowered its price target for TransUnion (NYSE:TRU) from $124.00 to $118.00, while maintaining an "overweight" rating on the stock.
• TransUnion's stock is currently trading at $96.86, reflecting a decline of 1.6%, with a market cap of $18.90 billion.
• Recent earnings report shows TransUnion beat analysts' expectations with $1.08 earnings per share and revenue of $1.14 billion, marking a 9.5% year-over-year increase.
• The consensus rating for TransUnion's stock is a "Moderate Buy," with an average price target of $110.71 based on various analysts' reports.

TransUnion (NYSE:TRU - Get Free Report) had its price target decreased by equities research analysts at Wells Fargo & Company from $124.00 to $118.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the business services provider's stock. Wells Fargo & Company's target price points to a potential upside of 18.93% from the stock's current price.

A number of other brokerages have also recently weighed in on TRU. Stifel Nicolaus dropped their price target on TransUnion from $120.00 to $112.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Oppenheimer raised their price target on TransUnion from $100.00 to $108.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. BMO Capital Markets upgraded TransUnion to a "strong-buy" rating in a research report on Thursday, July 10th. Bank of America initiated coverage on TransUnion in a research report on Thursday, April 10th. They set an "underperform" rating and a $84.00 price objective for the company. Finally, Wall Street Zen cut TransUnion from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $111.00.

TransUnion Price Performance

NYSE:TRU traded up $0.79 during trading hours on Friday, hitting $99.22. The company's stock had a trading volume of 2,465,149 shares, compared to its average volume of 2,420,767. The business's 50-day moving average is $88.78 and its two-hundred day moving average is $87.76. The company has a market capitalization of $19.36 billion, a PE ratio of 49.61, a PEG ratio of 2.71 and a beta of 1.63. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.05 and a current ratio of 2.05. TransUnion has a 52-week low of $66.38 and a 52-week high of $113.17.

TransUnion (NYSE:TRU - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.09. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.10 billion. TransUnion had a return on equity of 16.31% and a net margin of 8.99%. TransUnion's revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 earnings per share. As a group, research analysts anticipate that TransUnion will post 3.99 EPS for the current fiscal year.

Insider Buying and Selling at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $87.14, for a total value of $87,140.00. Following the transaction, the insider directly owned 74,393 shares of the company's stock, valued at $6,482,606.02. The trade was a 1.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders sold 3,000 shares of company stock valued at $255,010. Insiders own 0.22% of the company's stock.

Hedge Funds Weigh In On TransUnion

Several hedge funds and other institutional investors have recently modified their holdings of TRU. Geneos Wealth Management Inc. lifted its stake in shares of TransUnion by 1,318.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 312 shares of the business services provider's stock valued at $26,000 after purchasing an additional 290 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in TransUnion by 132.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 349 shares of the business services provider's stock worth $31,000 after acquiring an additional 199 shares in the last quarter. Fifth Third Bancorp lifted its position in TransUnion by 105.3% during the 1st quarter. Fifth Third Bancorp now owns 423 shares of the business services provider's stock worth $35,000 after acquiring an additional 217 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in TransUnion by 301.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 413 shares of the business services provider's stock worth $36,000 after acquiring an additional 310 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in TransUnion during the 4th quarter worth approximately $40,000.

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.