The Western Union Company (NYSE:WU) Receives Average Analyst Rating of “Hold”


Shares of The Western Union Company (NYSE:WU – Get Rating) received a consensus rating of “Hold” from the sixteen analysts who currently cover the company, Marketbeat.com reports. Three equity research analysts gave the stock a sell rating, ten gave the company a hold rating and one gave the company a buy rating. The 12-month average price target among brokers who have reported on the stock in the past year is $20.12.

WU has been the subject of a number of recent research reports. UBS Group launched coverage on Western Union in a Thursday, March 31 report. They issued a “neutral” rating and a target price of $19.00 on the stock. Citigroup downgraded Western Union from a “buy” rating to a “neutral” rating and set a target price of $20.00 on the stock. in a report on Friday, April 29. Morgan Stanley reissued a “sell” rating and posted a target price of $15.50 on Western Union shares in a Friday, March 11 report. Wolfe Research reissued a “hold” rating and published a target price of $21.00 on Western Union shares in a Friday, March 25 report. Finally, JPMorgan Chase & Co. lowered its target price on Western Union from $20.00 to $19.00 in a Friday, April 29 report.

Large investors have recently increased or reduced their stakes in the stock. Guggenheim Capital LLC increased its position in Western Union shares by 16.4% during the third quarter. Guggenheim Capital LLC now owns 325,334 shares of the credit service provider worth $6,579,000 after purchasing an additional 45,758 shares last quarter. Franklin Resources Inc. increased its position in Western Union shares by 46.6% during the third quarter. Franklin Resources Inc. now owns 65,482 shares of the credit service provider worth $1,323,000 after buying an additional 20,804 shares last quarter. Xponance Inc. increased its position in Western Union shares by 90.1% during the fourth quarter. Xponance Inc. now owns 58,959 shares of the credit service provider worth $1,052,000 after purchasing an additional 27,943 shares last quarter. ARGI Investment Services LLC increased its position in Western Union shares by 22.1% during the third quarter. ARGI Investment Services LLC now owns 181,981 shares of the credit services provider worth $3,680,000 after purchasing an additional 32,940 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in Western Union shares by 277.2% during the fourth quarter. Retirement Systems of Alabama now owns 526,419 shares of the credit service provider worth $9,391,000 after purchasing an additional 386,875 shares last quarter. Hedge funds and other institutional investors own 97.43% of the company’s shares.

NYSE:WU shares opened at $17.19 on Tuesday. The company has a market capitalization of $6.64 billion, a P/E ratio of 7.57 and a beta of 0.92. The company has a debt ratio of 7.18, a current ratio of 0.98 and a quick ratio of 0.98. Western Union has a 1 year minimum of $15.69 and a 1 year maximum of $25.98. The stock’s fifty-day moving average price is $18.34 and its 200-day moving average price is $18.24.

Western Union (NYSE:WU – Get Rating) last announced its quarterly results on Thursday, April 28. The credit service provider reported earnings per share (EPS) of $0.51 for the quarter, beating consensus analyst estimates of $0.43 by $0.08. The company posted revenue of $1.16 billion for the quarter, versus a consensus estimate of $1.16 billion. Western Union had a return on equity of 269.10% and a net margin of 18.29%. The company’s quarterly revenue was down 4.5% year over year. In the same period a year earlier, the company posted earnings per share of $0.44. On average, sell-side analysts expect Western Union to post 1.8 earnings per share for the current year.

Western Union announced that its board of directors launched a stock repurchase program on Thursday, Feb. 10 that allows the company to repurchase $1.00 billion in stock. This repurchase authorization allows the credit service provider to repurchase up to 13.5% of its shares through purchases on the open market. Stock buyback programs are usually a sign that a company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Thursday, March 17 received a dividend of $0.235. This represents a dividend of $0.94 on an annualized basis and a yield of 5.47%. The ex-dividend date was Wednesday, March 16. Western Union’s payout rate is 41.41%.

About Western Union (Get a rating)

The Western Union Company provides money transfer 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 and sub-agents; and offers international cross-border transfers and intra-country transfers, as well as money transfer transactions via websites and mobile devices.

See also

Analyst recommendations for Western Union (NYSE: WU)



Get news and reviews for Western Union Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Western Union and related companies with MarketBeat.com’s free daily email newsletter.