ValuEngine upgraded shares of Western Union Company (The) (NYSE:WU) from a hold rating to a buy rating in a report released on Monday, October 2nd.

Other research analysts have also issued research reports about the company. Stifel Nicolaus reissued a hold rating and set a $20.00 price objective (up previously from $19.00) on shares of Western Union Company (The) in a report on Wednesday, August 9th. Mizuho initiated coverage on Western Union Company (The) in a research note on Tuesday, June 27th. They set an underperform rating and a $16.00 target price for the company. Barclays PLC increased their target price on Western Union Company (The) from $21.00 to $22.00 and gave the company an underweight rating in a research note on Friday, August 4th. Finally, BidaskClub downgraded Western Union Company (The) from a hold rating to a sell rating in a research report on Friday, June 9th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Western Union Company (The) presently has an average rating of Hold and an average target price of $20.38.

Shares of Western Union Company (NYSE WU) traded up 0.25% on Monday, hitting $19.79. 1,935,420 shares of the stock were exchanged. The stock has a market cap of $9.18 billion, a PE ratio of 50.87 and a beta of 1.20. Western Union Company has a 52-week low of $18.39 and a 52-week high of $22.70. The company’s 50 day moving average is $19.11 and its 200-day moving average is $19.27.

Western Union Company (The) (NYSE:WU) last announced its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.42 by $0.08. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. Western Union Company (The) had a return on equity of 92.41% and a net margin of 3.50%. Western Union Company (The)’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 earnings per share. Analysts predict that Western Union Company will post $1.77 EPS for the current fiscal year.

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In other Western Union Company (The) news, EVP John David Thompson sold 23,500 shares of Western Union Company (The) stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $472,820.00. Following the transaction, the executive vice president now directly owns 129,650 shares in the company, valued at $2,608,558. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Several institutional investors have recently modified their holdings of WU. BlackRock Inc. increased its position in Western Union Company (The) by 3,333.4% during the first quarter. BlackRock Inc. now owns 34,492,261 shares of the credit services provider’s stock worth $701,918,000 after buying an additional 33,487,639 shares during the last quarter. Bank of Montreal Can increased its position in Western Union Company (The) by 162.0% during the second quarter. Bank of Montreal Can now owns 2,966,777 shares of the credit services provider’s stock worth $56,515,000 after buying an additional 1,834,328 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in Western Union Company (The) during the first quarter worth approximately $30,448,000. Marshall Wace North America L.P. acquired a new position in Western Union Company (The) during the first quarter worth approximately $30,448,000. Finally, WINTON GROUP Ltd increased its position in Western Union Company (The) by 50.0% during the first quarter. WINTON GROUP Ltd now owns 3,102,575 shares of the credit services provider’s stock worth $64,596,000 after buying an additional 1,033,694 shares during the last quarter.

About Western Union Company (The)

The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

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Analyst Recommendations for Western Union Company (The) (NYSE:WU)

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