Analysts Set Western Union Co. (WU) Target Price at $18.69
Western Union Co. (NYSE:WU) has received a consensus rating of “Hold” from the twenty analysts that are currently covering the firm. Eight investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $18.69.
WU has been the subject of a number of recent analyst reports. BTIG Research reissued a “buy” rating and issued a $23.00 price objective on shares of Western Union in a research report on Monday, August 1st. Vetr upgraded Western Union from a “sell” rating to a “hold” rating and set a $19.20 target price for the company in a research note on Tuesday, August 2nd. Jefferies Group raised their target price on Western Union from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Friday, August 5th. Zacks Investment Research upgraded Western Union from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Finally, Monness Crespi & Hardt lowered Western Union from a “buy” rating to a “neutral” rating and set a $22.00 target price for the company. in a research note on Thursday, September 8th.
Western Union (NYSE:WU) opened at 20.12 on Thursday. Western Union has a 1-year low of $16.02 and a 1-year high of $21.80. The stock has a 50 day moving average price of $20.65 and a 200-day moving average price of $19.99. The company has a market cap of $9.81 billion, a price-to-earnings ratio of 12.11 and a beta of 1.19.
Western Union (NYSE:WU) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. The firm earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Western Union had a return on equity of 63.02% and a net margin of 15.33%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. On average, equities research analysts forecast that Western Union will post $1.65 EPS for the current year.
In other news, Director Betsy D. Holden sold 21,281 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $21.02, for a total transaction of $447,326.62. Following the transaction, the director now directly owns 93,826 shares in the company, valued at approximately $1,972,222.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Hikmet Ersek sold 276,127 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $21.52, for a total value of $5,942,253.04. Following the transaction, the insider now owns 407,285 shares in the company, valued at $8,764,773.20. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of WU. Seven Eight Capital LLC bought a new position in shares of Western Union during the first quarter valued at $105,000. Checchi Capital Advisers LLC boosted its position in shares of Western Union by 11.4% in the second quarter. Checchi Capital Advisers LLC now owns 5,642 shares of the company’s stock valued at $108,000 after buying an additional 577 shares in the last quarter. Americafirst Capital Management LLC bought a new position in shares of Western Union during the second quarter valued at $109,000. IFP Advisors Inc boosted its position in shares of Western Union by 18.3% in the second quarter. IFP Advisors Inc now owns 6,214 shares of the company’s stock valued at $119,000 after buying an additional 963 shares in the last quarter. Finally, Mizuho Asset Management Co. Ltd. boosted its position in shares of Western Union by 137.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 6,984 shares of the company’s stock valued at $134,000 after buying an additional 4,037 shares in the last quarter.
Western Union Company Profile
The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.
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