Shares of The Western Union Company (NYSE:WU – Get Rating) received an average recommendation of “Reduce” from the eighteen analysts who currently cover the company, MarketBeat reports. Eight equity research analysts rated the stock with a sell rating and six issued a hold rating on the company. The 12-month average target price among analysts who have rated the stock over the past year is $14.94.
Several research companies have commented on WU. Barclays lowered its price target on Western Union shares from $17.00 to $12.00 and set an “underweight” rating on the stock in a Monday, September 26 research report. Northland Securities lowered its price target on Western Union shares from $24.00 to $22.00 in a Thursday, Aug. 4, report. Morgan Stanley cut its price target on Western Union shares from $14.00 to $10.00 and set an “underweight” rating for the company in a Friday, Oct. 21 research report. Deutsche Bank Aktiengesellschaft cut its price target on Western Union from $18.00 to $13.00 and set a “hold” rating for the company in a Friday, October 21 research report. Finally, Truist Financial lowered its price target on Western Union from $15.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, October 21.
Western Union Stock Performance
NYSE WU opened at $13.51 on Tuesday. The stock has a fifty-day simple moving average of $14.25 and a 200-day simple moving average of $16.08. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt ratio of 6.01. The company has a market capitalization of $5.21 billion, a price-earnings ratio of 6.06 and a beta of 0.90. Western Union has a 12-month low of $13.05 and a 12-month high of $20.40.
Western Union (NYSE:WU – Get Rating) last released its results on Wednesday, August 3. The credit service provider reported earnings per share (EPS) of $0.51 for the quarter, beating the consensus estimate of $0.41 by $0.10. Western Union had a net margin of 18.27% and a return on equity of 239.89%. The company posted revenue of $1.14 billion for the quarter, compared to analysts’ estimates of $1.14 billion. In the same period a year earlier, the company earned earnings per share of $0.48. Sell-side analysts expect Western Union to post EPS of 1.8 for the current year.
Western Union Institutional Trade
A number of institutional investors have recently changed their positions in WU. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Western Union by 28.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 109,048 shares of the credit service provider valued at $2,044,000 after acquiring an additional 23,957 shares last quarter. Exane Derivatives acquired a new stake in Western Union in Q1 valued at approximately $807,000. Truist Financial Corp increased its stake in Western Union by 3.7% during the first quarter. Truist Financial Corp now owns 64,573 shares of the credit service provider worth $1,210,000 after buying 2,304 more shares in the last quarter. Tobam bought a new position in Western Union stock during Q1 worth $8,052,000. Finally, Ieq Capital LLC increased its position in Western Union by 8.1% in the first quarter. Ieq Capital LLC now owns 18,705 shares of the credit service provider worth $351,000 after acquiring an additional 1,404 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s shares.
About Western Union
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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.
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