Western Union Price Target Cut to $20.00 (WU)
Analysts at Sterne Agee lowered their price target on shares of Western Union (NYSE:WU) from $22.00 to $20.00 in a research report issued to clients and investors on Wednesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Sterne Agee’s target price suggests a potential upside of 14.42% from the stock’s previous close.
In other Western Union news, CEO Hikmet Ersek sold 47,711 shares of Western Union stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $19.50, for a total value of $930,364.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “neutral” rating on shares of Western Union in a research note to investors on Wednesday. They now have a $17.00 price target on the stock, down previously from $17.50. Separately, analysts at Standpoint Research upgraded shares of Western Union from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $19.00 price target on the stock. Finally, analysts at Raymond James downgraded shares of Western Union from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. They now have a $23.00 price target on the stock. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $17.66.
Western Union (NYSE:WU) traded up 2.70% during mid-day trading on Wednesday, hitting $17.48. 11,960,312 shares of the company’s stock traded hands. Western Union has a one year low of $12.10 and a one year high of $19.50. The stock has a 50-day moving average of $18.58 and a 200-day moving average of $17.35. The company has a market cap of $9.645 billion and a P/E ratio of 11.27.
Western Union (NYSE:WU) last released its earnings data on Tuesday, October 29th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.04. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was down .9% 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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