The Western Union (NYSE:WU) Downgraded by Guggenheim to Neutral

The Western Union (NYSE:WU) was downgraded by Guggenheim from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, The Fly reports. The analysts noted that the move was a valuation call.

Several other research firms have also recently commented on WU. Bank of America set a $21.00 target price on shares of The Western Union and gave the stock a “sell” rating in a research note on Friday, November 1st. Citigroup set a $20.50 target price on shares of The Western Union and gave the stock a “sell” rating in a research note on Friday, November 1st. BTIG Research set a $28.00 price objective on shares of The Western Union and gave the company a “buy” rating in a research note on Friday, November 1st. SunTrust Banks raised their price objective on shares of The Western Union to $26.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Deutsche Bank set a $25.00 price objective on shares of The Western Union and gave the company a “hold” rating in a research note on Friday, November 1st. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $23.14.

Shares of NYSE WU traded down $0.55 during mid-day trading on Tuesday, reaching $26.81. The company had a trading volume of 881,080 shares, compared to its average volume of 6,411,349. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 101.99. The firm has a 50 day simple moving average of $24.37 and a two-hundred day simple moving average of $21.56. The stock has a market cap of $11.68 billion, a P/E ratio of 13.96, a PEG ratio of 1.28 and a beta of 0.81. The Western Union has a 52-week low of $16.42 and a 52-week high of $28.00.

The Western Union (NYSE:WU) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations 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 business earned $0.52 EPS. On average, equities analysts expect that The Western Union will post 1.77 EPS for the current year.

In related news, Director Michael Miles sold 9,192 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $25.00, for a total value of $229,800.00. Following the completion of the sale, the director now directly owns 136,645 shares in the company, valued at $3,416,125. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Amintore Schenkel sold 11,550 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $24.00, for a total transaction of $277,200.00. Following the completion of the sale, the insider now owns 95,028 shares of the company’s stock, valued at $2,280,672. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,385 shares of company stock valued at $963,200. Insiders own 1.33% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in WU. Signaturefd LLC lifted its position in shares of The Western Union by 66.5% during the second quarter. Signaturefd LLC now owns 1,300 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 519 shares in the last quarter. Private Ocean LLC acquired a new position in shares of The Western Union during the second quarter worth $30,000. CENTRAL TRUST Co lifted its position in shares of The Western Union by 73.4% during the third quarter. CENTRAL TRUST Co now owns 2,244 shares of the credit services provider’s stock worth $52,000 after purchasing an additional 950 shares in the last quarter. Mcmillion Capital Management Inc. acquired a new position in shares of The Western Union during the second quarter worth $49,000. Finally, CSat Investment Advisory L.P. lifted its position in shares of The Western Union by 27.8% during the second quarter. CSat Investment Advisory L.P. now owns 2,630 shares of the credit services provider’s stock worth $52,000 after purchasing an additional 572 shares in the last quarter.

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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