Western Union Co. Hits New 52-Week High at $19.11 (WU)
Shares of Western Union (NYSE:WU) hit a new 52-week high on Thursday, AnalystRatingsNetwork.com reports. The company traded as high as $19.11 and last traded at $18.79, with a volume of 2,534,447 shares trading hands. The stock had previously closed at $18.86.
A number of research firms have recently commented on WU. Analysts at Sterne Agee upgraded shares of Western Union (NYSE:WU) from a “neutral” rating to a “buy” rating in a research note to investors on Monday. They now have a $22.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Western Union (NYSE:WU) in a research note to investors on Friday, September 13th. They now have a $19.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Western Union (NYSE:WU) in a research note to investors on Thursday, September 12th. They now have a $22.00 price target on the stock.
Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $17.88.
In other Western Union news, Director Jack Greenberg sold 43,910 shares of the stock on the open market in a transaction dated Monday, September 16th. The stock was sold at an average price of $18.82, for a total transaction of $826,386.20. Following the transaction, the director now directly owns 96,267 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which is available at this link.
Western Union has a 52 week low of $11.93 and a 52 week high of $18.98. The stock’s 50-day moving average is $18. and its 200-day moving average is $16.48. The company has a market cap of $10.398 billion and a price-to-earnings ratio of 11.91.
Western Union (NYSE:WU) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.02. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts predict that Western Union will post $1.43 earnings per share for the current fiscal year.
The Western Union Company (NYSE:WU) is engaged in money movement and payment services.
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