The Western Union (NYSE:WU) was downgraded by equities researchers at Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday, Marketbeat.com reports. They presently have a $20.00 price target on the credit services provider’s stock. Wells Fargo & Co’s target price suggests a potential upside of 8.23% from the stock’s previous close.
Other analysts have also recently issued research reports about the company. Royal Bank of Canada reiterated a “hold” rating and set a $21.00 price objective on shares of The Western Union in a research report on Friday, August 3rd. Zacks Investment Research upgraded The Western Union from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. ValuEngine cut The Western Union from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Finally, Wolfe Research initiated coverage on The Western Union in a research report on Tuesday, July 17th. They set an “underperform” rating for the company. Four analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $19.40.
The Western Union stock traded up $0.04 during midday trading on Tuesday, reaching $18.48. 4,713,809 shares of the company were exchanged, compared to its average volume of 5,028,365. The stock has a market cap of $8.01 billion, a PE ratio of 10.27, a P/E/G ratio of 2.17 and a beta of 1.01. The Western Union has a 1 year low of $17.40 and a 1 year high of $22.21.
The Western Union (NYSE:WU) last posted its quarterly earnings data on Thursday, November 1st. The credit services provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.43 billion. The Western Union had a negative return on equity of 194.60% and a negative net margin of 8.55%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. Equities research analysts predict that The Western Union will post 1.93 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of WU. A.R.T. Advisors LLC acquired a new stake in The Western Union in the 1st quarter worth about $217,000. Jane Street Group LLC acquired a new stake in The Western Union in the 1st quarter worth about $196,000. DnB Asset Management AS acquired a new stake in The Western Union in the 2nd quarter worth about $1,108,000. IFM Investors Pty Ltd boosted its stake in The Western Union by 30.4% in the 2nd quarter. IFM Investors Pty Ltd now owns 27,974 shares of the credit services provider’s stock worth $569,000 after buying an additional 6,525 shares during the last quarter. Finally, Fisher Asset Management LLC acquired a new stake in The Western Union in the 2nd quarter worth about $354,000.
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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