Western Union Company (The) (WU) PT Raised to $19.00 at Morgan Stanley

Western Union Company (The) (NYSE:WU) had its price target hoisted by Morgan Stanley from $18.00 to $19.00 in a report released on Friday, November 3rd. Morgan Stanley currently has an underweight rating on the credit services provider’s stock.

Several other brokerages have also issued reports on WU. ValuEngine lowered shares of Western Union Company (The) from a buy rating to a hold rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Western Union Company (The) from a buy rating to a hold rating in a research report on Thursday, October 5th. Mizuho reissued a sell rating and issued a $16.00 price objective on shares of Western Union Company (The) in a research report on Sunday, October 15th. Jefferies Group LLC reaffirmed a hold rating and set a $19.00 target price on shares of Western Union Company (The) in a report on Thursday, October 12th. Finally, Barclays PLC lifted their target price on shares of Western Union Company (The) from $21.00 to $22.00 and gave the stock an underweight rating in a report on Friday, August 4th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Western Union Company (The) has an average rating of Hold and an average target price of $20.14.

Shares of Western Union Company (WU) opened at $19.65 on Friday. Western Union Company has a 52 week low of $18.39 and a 52 week high of $22.70. The company has a market cap of $8,965.39, a P/E ratio of 10.55, a PEG ratio of 1.85 and a beta of 1.01. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.00 and a current ratio of 1.00.

Western Union Company (The) (NYSE:WU) last posted its earnings results on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.09. Western Union Company (The) had a net margin of 3.83% and a return on equity of 116.85%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. analysts anticipate that Western Union Company will post 1.83 EPS for the current fiscal year.

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In other Western Union Company (The) news, EVP Jean Claude Farah sold 17,518 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $20.50, for a total transaction of $359,119.00. Following the transaction, the executive vice president now owns 139,500 shares in the company, valued at $2,859,750. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Fiduciary Trust Co. purchased a new stake in shares of Western Union Company (The) in the second quarter valued at about $121,000. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of Western Union Company (The) in the second quarter valued at about $129,000. Financial Architects Inc raised its holdings in shares of Western Union Company (The) by 2.1% in the second quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock valued at $132,000 after purchasing an additional 144 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Western Union Company (The) by 3.1% in the second quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock valued at $149,000 after purchasing an additional 239 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Western Union Company (The) by 8.4% in the second quarter. Pacer Advisors Inc. now owns 8,109 shares of the credit services provider’s stock valued at $154,000 after purchasing an additional 627 shares during the last quarter.

Western Union Company (The) Company Profile

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.

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

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