Western Union Company (The) (WU) Receives $20.12 Consensus Target Price from Analysts

Shares of Western Union Company (The) (NYSE:WU) have received a consensus rating of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $19.75.

Several research analysts have recently commented on WU shares. Zacks Investment Research raised Western Union Company (The) from a “sell” rating to a “hold” rating in a report on Tuesday, March 21st. TheStreet raised Western Union Company (The) from a “c” rating to a “b-” rating in a research note on Tuesday, May 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $23.00 target price on shares of Western Union Company (The) in a research note on Thursday, April 13th. BidaskClub lowered Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Finally, Mizuho initiated coverage on Western Union Company (The) in a research note on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 target price for the company.

Shares of Western Union Company (NYSE WU) opened at 19.00 on Tuesday. Western Union Company has a 12 month low of $18.42 and a 12 month high of $22.70. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 41.21 and a beta of 1.19. The stock’s 50 day moving average is $19.11 and its 200 day moving average is $20.06.

Western Union Company (The) (NYSE:WU) last posted its earnings results on Tuesday, May 2nd. The credit services provider reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.05. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Western Union Company (The) had a net margin of 4.22% and a return on equity of 75.64%. Equities research analysts forecast that Western Union Company will post $1.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.68%. Western Union Company (The)’s dividend payout ratio is currently 152.18%.

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Several large investors have recently added to or reduced their stakes in WU. Brown Advisory Inc. boosted its stake in Western Union Company (The) by 171.9% in the fourth quarter. Brown Advisory Inc. now owns 126,951 shares of the credit services provider’s stock worth $2,757,000 after buying an additional 80,261 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Western Union Company (The) by 2,415.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,231,988 shares of the credit services provider’s stock worth $26,767,000 after buying an additional 1,183,020 shares in the last quarter. Elkfork Partners LLC bought a new stake in Western Union Company (The) during the fourth quarter worth approximately $385,000. LBA Wealth Management LLC boosted its stake in Western Union Company (The) by 1.0% in the fourth quarter. LBA Wealth Management LLC now owns 20,583 shares of the credit services provider’s stock worth $447,000 after buying an additional 200 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its stake in Western Union Company (The) by 1.5% in the fourth quarter. Federated Investors Inc. PA now owns 1,076,286 shares of the credit services provider’s stock worth $23,377,000 after buying an additional 16,050 shares in the last quarter.

Western Union Company (The) 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. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

Analyst Recommendations for Western Union Company (The) (NYSE:WU)

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