The Western Union Company (NYSE:WU) Receives $12.86 Consensus PT from Brokerages

The Western Union Company (NYSE:WU) has received a consensus rating of “Reduce” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $12.86.

Several research analysts have recently weighed in on WU shares. StockNews.com upgraded shares of Western Union from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. UBS Group lowered their price objective on Western Union from $13.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Royal Bank of Canada dropped their price target on shares of Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 20th.

Western Union Stock Down 0.4 %

Shares of Western Union stock opened at $11.10 on Wednesday. Western Union has a twelve month low of $10.51 and a twelve month high of $14.19. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 5.69, a price-to-earnings-growth ratio of 1.56 and a beta of 0.87. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.96. The company has a fifty day moving average price of $11.37 and a 200 day moving average price of $11.99.

Western Union (NYSE:WU) last issued its earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.02. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Western Union had a return on equity of 120.39% and a net margin of 16.07%. The company’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. Equities research analysts forecast that Western Union will post 1.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. True Wealth Design LLC acquired a new position in Western Union during the 3rd quarter valued at approximately $25,000. Quarry LP boosted its holdings in shares of Western Union by 52.9% during the second quarter. Quarry LP now owns 2,588 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 895 shares during the period. LRI Investments LLC bought a new position in shares of Western Union during the first quarter worth about $37,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Western Union by 89.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,226 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 1,522 shares during the period. Finally, Abich Financial Wealth Management LLC lifted its position in Western Union by 59.9% in the 1st quarter. Abich Financial Wealth Management LLC now owns 3,292 shares of the credit services provider’s stock valued at $46,000 after purchasing an additional 1,233 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors.

Western Union Company Profile

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.