Western Union Receives New Coverage from Analysts at BTIG Research (WU)
Stock analysts at BTIG Research assumed coverage on shares of Western Union (NYSE:WU) in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Macquarie upgraded shares of Western Union from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, December 18th. They now have a $20.00 price target on the stock, up previously from $19.00. Separately, analysts at First Analysis upgraded shares of Western Union from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday, November 12th. They now have a $22.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Western Union in a research note to investors on Friday, November 1st. They now have a $18.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.23.
Shares of Western Union (NYSE:WU) traded up 0.69% on Wednesday, hitting $17.56. 1,054,591 shares of the company’s stock traded hands. Western Union has a 52-week low of $13.23 and a 52-week high of $19.50. The stock’s 50-day moving average is $16.83 and its 200-day moving average is $17.69. The company has a market cap of $9.698 billion and a price-to-earnings ratio of 11.55.
Western Union (NYSE:WU) last announced its earnings results on Tuesday, October 29th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $0.45 earnings per share. Western Union’s revenue was down .9% compared to the same quarter last year. Analysts expect that Western Union will post $1.43 EPS for the current fiscal year.
The Western Union Company (NYSE:WU) is engaged in money movement and payment services.
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