Western Union (NYSE:WU) Price Target Cut to $14.00

Western Union (NYSE:WUGet Rating) had its price target decreased by stock analysts at Morgan Stanley from $15.00 to $14.00 in a research report issued on Thursday, Marketbeat reports. The firm currently has an “underweight” rating on the credit services provider’s stock. Morgan Stanley’s price objective points to a potential downside of 14.48% from the stock’s current price.

A number of other brokerages have also issued reports on WU. Wolfe Research lowered Western Union from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $20.00 to $17.00 in a research note on Wednesday, July 20th. JPMorgan Chase & Co. lowered their price objective on Western Union from $20.00 to $19.00 in a report on Friday, April 29th. The Goldman Sachs Group started coverage on Western Union in a report on Tuesday, May 17th. They issued a “sell” rating and a $18.00 price objective on the stock. TheStreet cut Western Union from a “b-” rating to a “c+” rating in a report on Tuesday, July 12th. Finally, Citigroup cut Western Union from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a report on Friday, April 29th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Western Union has a consensus rating of “Hold” and a consensus target price of $19.23.

Western Union Trading Up 0.7 %

Shares of NYSE WU opened at $16.37 on Thursday. Western Union has a fifty-two week low of $15.30 and a fifty-two week high of $22.93. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 7.34 and a beta of 0.89. The business’s 50 day moving average price is $16.76 and its 200-day moving average price is $17.78. The company has a debt-to-equity ratio of 7.18, a quick ratio of 0.98 and a current ratio of 0.98.

Western Union (NYSE:WUGet Rating) last announced its earnings results on Wednesday, August 3rd. The credit services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.10. Western Union had a return on equity of 254.81% and a net margin of 18.27%. During the same quarter in the previous year, the firm posted $0.48 EPS. On average, sell-side analysts expect that Western Union will post 1.8 earnings per share for the current year.

Institutional Investors Weigh In On Western Union

Institutional investors have recently modified their holdings of the business. National Bank of Canada FI acquired a new stake in shares of Western Union in the 4th quarter worth approximately $49,000. Janney Montgomery Scott LLC lifted its position in shares of Western Union by 75.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 122,090 shares of the credit services provider’s stock valued at $2,178,000 after acquiring an additional 52,677 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Western Union by 29.6% in the 4th quarter. Bessemer Group Inc. now owns 6,050 shares of the credit services provider’s stock valued at $108,000 after acquiring an additional 1,381 shares in the last quarter. National Asset Management Inc. acquired a new position in Western Union in the 4th quarter valued at approximately $406,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Western Union in the 4th quarter valued at approximately $7,599,000. Institutional investors own 97.43% of the company’s stock.

About Western Union

(Get Rating)

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 and sub-agents; and offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through websites and mobile devices.

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Analyst Recommendations for Western Union (NYSE:WU)

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