The Western Union (NYSE:WU) was downgraded by investment analysts at Guggenheim from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, MarketBeat.com reports. The analysts noted that the move was a valuation call.
Other equities research analysts have also issued reports about the stock. Wolfe Research set a $24.00 target price on shares of The Western Union and gave the stock a “sell” rating in a report on Friday, November 1st. Bank of America set a $21.00 target price on shares of The Western Union and gave the stock a “sell” rating in a report on Friday, November 1st. 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. Barclays increased 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. Finally, Morgan Stanley set a $20.00 price objective on shares of The Western Union and gave the stock a “sell” rating in a report on Friday, November 1st. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $23.14.
WU traded up $0.32 during mid-day trading on Tuesday, hitting $26.80. The stock had a trading volume of 7,421,574 shares, compared to its average volume of 7,074,368. The stock’s fifty day simple moving average is $24.71 and its 200-day simple moving average is $21.70. The company has a debt-to-equity ratio of 101.99, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 1.21 and a beta of 0.81. The Western Union has a 1-year low of $16.42 and a 1-year high of $28.00.
The Western Union (NYSE:WU) last posted its earnings results on Thursday, October 31st. The credit services provider reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. The Western Union had a net margin of 21.07% and a negative return on equity of 475.84%. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. As a group, research analysts expect that The Western Union will post 1.77 earnings per share for the current fiscal year.
In related news, insider Andrew Summerill sold 2,125 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $27.55, for a total transaction of $58,543.75. Following the sale, the insider now directly owns 18,047 shares in the company, valued at $497,194.85. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Kalac sold 9,164 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $26.93, for a total transaction of $246,786.52. Following the sale, the insider now owns 44,446 shares in the company, valued at $1,196,930.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,674 shares of company stock worth $1,268,531. 1.33% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC grew its position in The Western Union by 66.5% in the second quarter. Signaturefd LLC now owns 1,300 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 519 shares in the last quarter. Private Ocean LLC bought a new position in shares of The Western Union in the 2nd quarter valued at about $30,000. CENTRAL TRUST Co grew its position in shares of The Western Union by 73.4% in the 3rd quarter. CENTRAL TRUST Co now owns 2,244 shares of the credit services provider’s stock valued at $52,000 after acquiring an additional 950 shares during the period. Mcmillion Capital Management Inc. bought a new position in shares of The Western Union in the 2nd quarter valued at about $49,000. Finally, CSat Investment Advisory L.P. grew its position in shares of The Western Union by 27.8% in the 2nd quarter. CSat Investment Advisory L.P. now owns 2,630 shares of the credit services provider’s stock valued at $52,000 after acquiring an additional 572 shares during the period.
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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