The Western Union Company (NYSE:WU) Receives Consensus Rating of “Hold” from Analysts

Shares of The Western Union Company (NYSE:WU) have received an average recommendation of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $23.35.

Several brokerages recently weighed in on WU. TheStreet downgraded shares of The Western Union from a “b” rating to a “c+” rating in a report on Thursday, October 31st. Barclays upped their target price on shares of The Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Monday, September 30th. Royal Bank of Canada set a $23.00 target price on shares of The Western Union and gave the stock a “hold” rating in a report on Friday, November 1st. BTIG Research set a $28.00 target price on shares of The Western Union and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Deutsche Bank set a $25.00 target price on shares of The Western Union and gave the stock a “hold” rating in a report on Friday, November 1st.

In other The Western Union news, Director Michael Miles sold 6,282 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $24.00, for a total transaction of $150,768.00. Following the completion of the transaction, the director now owns 133,735 shares of the company’s stock, valued at approximately $3,209,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Amintore Schenkel sold 11,550 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $24.00, for a total transaction of $277,200.00. Following the transaction, the insider now directly owns 95,028 shares of the company’s stock, valued at approximately $2,280,672. The disclosure for this sale can be found here. Insiders have sold a total of 40,385 shares of company stock valued at $963,200 in the last three months. Insiders own 1.33% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BBVA USA Bancshares Inc. purchased a new stake in The Western Union in the 3rd quarter worth about $371,000. Tower Research Capital LLC TRC raised its position in The Western Union by 9,799.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 19,798 shares of the credit services provider’s stock worth $459,000 after purchasing an additional 19,598 shares during the period. DT Investment Partners LLC raised its position in The Western Union by 4.4% in the 3rd quarter. DT Investment Partners LLC now owns 255,039 shares of the credit services provider’s stock worth $5,909,000 after purchasing an additional 10,711 shares during the period. First Trust Advisors LP raised its position in The Western Union by 12.6% in the 3rd quarter. First Trust Advisors LP now owns 807,259 shares of the credit services provider’s stock worth $18,704,000 after purchasing an additional 90,360 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in The Western Union by 7.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 17,457 shares of the credit services provider’s stock worth $404,000 after purchasing an additional 1,200 shares during the period.

Shares of The Western Union stock opened at $27.47 on Thursday. The company has a market capitalization of $11.11 billion, a P/E ratio of 14.31, a P/E/G ratio of 1.56 and a beta of 0.81. The company has a debt-to-equity ratio of 101.99, a quick ratio of 0.96 and a current ratio of 0.96. The company has a fifty day moving average of $23.95 and a 200 day moving average of $21.39. The Western Union has a fifty-two week low of $16.42 and a fifty-two week high of $27.51.

The Western Union (NYSE:WU) last issued its earnings results on Thursday, October 31st. The credit services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.03. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. The Western Union had a net margin of 21.07% and a negative return on equity of 475.84%. The Western Union’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. Analysts forecast that The Western Union will post 1.77 EPS for the current year.

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.

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Analyst Recommendations for The Western Union (NYSE:WU)

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