http://www.americanbankingnews.com/getthestreet upgraded shares of The Western Union Company (NYSE: WU) from a hold rating to a buy rating in a report issued on Friday.
“Western Union Company (WU) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.”
,” TheStreet’s analyst wrote.
The Western Union Company traded up 1.37% on Friday, hitting $14.01. The Western Union Company has a 52-week low of $11.93 and a 52-week high of $19.14. The stock’s 50-day moving average is currently $14.00. The company has a market cap of $8.015 billion and a price-to-earnings ratio of 8.18.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.13 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Wednesday, March 13th.
Other equities research analysts have also recently issued reports about the stock. Analysts at S&P Equity Research upgraded shares of The Western Union Company from a hold rating to a buy rating in a research note to investors on Thursday, February 14th. Finally, analysts at Nomura cut their price target on shares of The Western Union Company from $14.00 to $13.00 in a research note to investors on Wednesday, February 13th. They now have a neutral rating on the stock.
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