Western Union (NYSE: WU – Get an Assessment)The Wolfe Research stock was republished by Wolfe Research in a research report released on Friday, TipRanks reports. They currently have a target price of $21.00 on shares of the credit service provider. Wolfe Research’s price target suggests a potential upside of 11.52% from the company’s previous close.
A number of other research companies have also weighed in on WU. Morgan Stanley reiterated a “sell” note and posted a $15.50 price target on Western Union shares in a research note on Friday, March 11. Citigroup lowered its price target on Western Union shares from $25.00 to $24.00 and set a “buy” rating for the company in a Wednesday, Jan. 26, report. Finally, Bank of America downgraded Western Union shares from a “buy” rating to an “underperform” rating and lowered its price target for the stock from $25.00 to $20.00 in a report for Thursday 6 January. Three equity research analysts gave the stock a sell rating, seven gave the company a hold rating and two gave the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.32.
Shares of WU rose $0.28 during Friday trading, hitting $18.83. The company had a trading volume of 3,691,775 shares, compared to an average volume of 6,609,199. The stock’s 50-day moving average price is $18.47 and its 200-day moving average price is $18.71. The company has a debt ratio of 8.46, a quick ratio of 0.97 and a current ratio of 0.97. Western Union has a 1-year low of $15.69 and a 1-year high of $26.61. The company has a market capitalization of $7.41 billion, a P/E ratio of 9.56 and a beta of 0.90.
Western Union (NYSE:WU – Get Rating) last released quarterly earnings data on Thursday, February 10. The credit service provider reported earnings per share of $0.64 for the quarter, beating the Zacks consensus estimate of $0.53 by $0.11. The company posted revenue of $1.28 billion in the quarter, versus a consensus estimate of $1.29 billion. Western Union had a return on equity of 291.68% and a net margin of 15.89%. Western Union’s quarterly revenue increased 1.0% year over year. In the same period a year earlier, the company posted earnings of $0.45 per share. On average, research analysts expect Western Union to post 1.96 earnings per share for the current fiscal year.
Western Union said its board authorized a stock repurchase plan on Thursday, Feb. 10 that sees the company repurchase $1.00 billion in stock. This repurchase authorization allows the credit service provider to repurchase up to 13.5% of its shares through purchases on the open market. Stock buyback plans are often an indication that the company’s board of directors believe its stock is undervalued.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Western Union by 17.2% in the fourth quarter. BlackRock Inc. now owns 60,702,355 shares of the credit service provider valued at $1,082,930,000 after purchasing an additional 8,905,368 shares in the last quarter. Capital Research Global Investors increased its stake in Western Union by 7.0% in the third quarter. Capital Research Global Investors now owns 22,532,152 shares of the credit service provider valued at $455,600,000 after buying an additional 1,467,320 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Western Union by 9.0% in the third quarter. Bank of New York Mellon Corp now owns 9,908,400 shares of the credit service provider valued at $200,348,000 after buying an additional 820,330 shares in the last quarter. Van ECK Associates Corp increased its position in Western Union shares by 16.5% during the fourth quarter. Van ECK Associates Corp now owns 9,487,728 shares of the credit services provider worth $169,261,000 after acquiring 1,344,307 additional shares in the last quarter. Finally, Invesco Ltd. increased its position in Western Union shares by 19.8% during the third quarter. Invesco Ltd. now owns 9,182,789 shares of the credit service provider worth $185,676,000 after acquiring an additional 1,520,013 shares in the last quarter. 98.88% of the shares are held by hedge funds and other institutional investors.
Western Union Company Profile (Get an evaluation)
The Western Union Co is a holding company that provides money transfer and payment services. It operates through the following segments: Consumer-to-Consumer, Business Solutions and Other. The Consumer-to-Consumer segment facilitates money transfers between two consumers. The Business Solutions segment offers payment and foreign exchange solutions, cross-border and cross-currency transactions for small and medium-sized businesses and other organizations and individuals.
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