The Western Union Company (NYSE:WU) Receives $23.35 Consensus Target Price from Brokerages

Shares of The Western Union Company (NYSE:WU) have received a consensus rating of “Hold” from the fifteen brokerages that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $23.35.

A number of brokerages have issued reports on WU. Wolfe Research set a $24.00 price target on shares of The Western Union and gave the stock a “sell” rating in a report on Friday, November 1st. Deutsche Bank set a $25.00 target price on shares of The Western Union and gave the company a “hold” rating in a research note on Friday, November 1st. Royal Bank of Canada set a $23.00 target price on shares of The Western Union and gave the company a “hold” rating in a research note on Friday, November 1st. Barclays lifted their target price on shares of The Western Union from $18.00 to $19.00 and gave the company an “underweight” rating in a research note on Monday, September 30th. Finally, BTIG Research set a $28.00 target price on shares of The Western Union and gave the company a “buy” rating in a research note on Friday, November 1st.

The Western Union stock traded up $0.01 during trading hours on Thursday, reaching $27.87. The stock had a trading volume of 5,794,364 shares, compared to its average volume of 5,824,079. The stock has a market cap of $11.68 billion, a PE ratio of 14.52, a PEG ratio of 1.56 and a beta of 0.81. The Western Union has a 52 week low of $16.42 and a 52 week high of $28.00. The company has a debt-to-equity ratio of 101.99, a current ratio of 0.96 and a quick ratio of 0.96. The company has a fifty day simple moving average of $24.16 and a 200-day simple moving average of $21.47.

The Western Union (NYSE:WU) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. The Western Union had a net margin of 21.07% and a negative return on equity of 475.84%. The company’s revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. Research analysts predict that The Western Union will post 1.77 earnings per share for the current fiscal year.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

In related news, Director Michael Miles sold 9,192 shares of The Western Union stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $25.00, for a total transaction of $229,800.00. Following the completion of the transaction, the director now directly owns 136,645 shares of the company’s stock, valued at approximately $3,416,125. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Amintore Schenkel sold 13,361 shares of The Western Union stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.86, for a total transaction of $305,432.46. Following the transaction, the insider now directly owns 96,839 shares of the company’s stock, valued at $2,213,739.54. The disclosure for this sale can be found here. Insiders have sold a total of 40,385 shares of company stock worth $963,200 in the last ninety days. Insiders own 1.33% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of WU. Cullen Frost Bankers Inc. raised its holdings in The Western Union by 7.7% in the third quarter. Cullen Frost Bankers Inc. now owns 5,495 shares of the credit services provider’s stock worth $127,000 after buying an additional 392 shares during the last quarter. Signaturefd LLC raised its holdings in The Western Union by 66.5% in the second quarter. Signaturefd LLC now owns 1,300 shares of the credit services provider’s stock worth $26,000 after buying an additional 519 shares during the last quarter. Grimes & Company Inc. raised its holdings in The Western Union by 0.7% in the second quarter. Grimes & Company Inc. now owns 83,656 shares of the credit services provider’s stock worth $1,664,000 after buying an additional 570 shares during the last quarter. CSat Investment Advisory L.P. raised its holdings in The Western Union by 27.8% in the second quarter. CSat Investment Advisory L.P. now owns 2,630 shares of the credit services provider’s stock worth $52,000 after buying an additional 572 shares during the last quarter. Finally, Rowland & Co. Investment Counsel ADV raised its holdings in The Western Union by 1.0% in the third quarter. Rowland & Co. Investment Counsel ADV now owns 81,227 shares of the credit services provider’s stock worth $1,893,000 after buying an additional 830 shares during the last quarter.

The Western Union Company Profile

The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.

Read More: What is channel trading?

Analyst Recommendations for The Western Union (NYSE:WU)

Leave a Reply

Your email address will not be published. Required fields are marked *

*