TransUnion (TRU) is Upgraded by Barclays to Overweight, Price Target at $37

TransUnion (TRU) was Upgraded by Barclays to ” Overweight” and the brokerage firm has set the Price Target at $37. Earlier the firm had a rating of “Equal Weight ” on the company shares. Barclays advised their investors in a research report released on Sep 21, 2016.

Many Wall Street Analysts have commented on TransUnion. Company shares were Reiterated by Barclays on Jul 27, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 37 from a previous price target of $30 .Company shares were Reiterated by Stifel on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 39 from a previous price target of $36.50 .

On the company’s financial health, TransUnion reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.26. The company had revenue of $406.00 million for the quarter, compared to analysts expectations of $379.96 million. The company’s revenue was up 15.0% compared to the same quarter last year.

TransUnion opened for trading at $33.07 and hit $33.25 on the upside on Tuesday, eventually ending the session at $33.1, with a gain of 0.73% or 0.24 points. The heightened volatility saw the trading volume jump to 13,69,728 shares. Company has a market cap of $6,048 M.

In a different news, on Sep 16, 2016, James M Peck (President and CEO) sold 75,000 shares at $32.82 per share price. According to the SEC, on Sep 16, 2016, David M Neenan (EVP – International) sold 52,000 shares at $32.82 per share price. On Sep 16, 2016, Samuel A Hamood (EVP & CFO) sold 30,000 shares at $32.82 per share price, according to the Form-4 filing with the securities and exchange commission.

TransUnion formerly TransUnion Holding Company Inc. is a risk and information solutions provider to businesses and consumers. The Company manages its business in three segments: U.S. Information Services (USIS) International and Consumer Interactive. USIS segment provides consumer reports risk scores analytical services and decisioning capabilities to businesses. Its International segment includes Developed Markets which include Canada and Hong Kong and Emerging Markets which include South Africa Brazil India and other countries in the Africa Latin America and Asia Pacific regions. Consumer Interactive segment include credit reports and scores credit monitoring fraud protection and resolution and financial management. The Company’s solutions include AdSurety CreditVision Insurance Coverage Discovery and TLOxp. It has a global presence in over 30 countries across North America Africa Latin America and Asia.


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