Shares of The Western Union Company (NYSE:WU – Get Free Report) have been assigned a consensus rating of “Reduce” from the ten analysts that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $12.86.
Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Tuesday, August 20th. StockNews.com raised shares of Western Union from a “sell” rating to a “hold” rating in a report on Friday. Citigroup reissued a “neutral” rating and set a $13.00 price objective on shares of Western Union in a report on Wednesday, July 17th. UBS Group dropped their price objective on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Royal Bank of Canada dropped their price objective on shares of Western Union from $16.00 to $14.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 31st.
View Our Latest Stock Analysis on Western Union
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Western Union Price Performance
NYSE WU opened at $11.18 on Friday. The firm’s fifty day simple moving average is $11.85 and its two-hundred day simple moving average is $12.36. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.98. Western Union has a 12-month low of $10.92 and a 12-month high of $14.19. The firm has a market capitalization of $3.78 billion, a P/E ratio of 6.86, a P/E/G ratio of 1.74 and a beta of 0.86.
Western Union (NYSE:WU – Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. Western Union had a net margin of 13.64% and a return on equity of 123.71%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company earned $0.43 earnings per share. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. Analysts forecast that Western Union will post 1.76 EPS for the current fiscal year.
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.
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