Western Union Lowered to “Sell” at Citigroup Inc. (WU)
Western Union (NYSE:WU) was downgraded by Citigroup Inc. from a “neutral” rating to a “sell” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at BTIG Research initiated coverage on shares of Western Union in a research note to investors on Wednesday, January 8th. They set a “buy” rating on the stock. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $18.18.
Western Union (NYSE:WU) traded up 1.03% during mid-day trading on Tuesday, hitting $16.69. The stock had a trading volume of 8,023,259 shares. Western Union has a 52 week low of $13.24 and a 52 week high of $19.50. The stock has a 50-day moving average of $16.86 and a 200-day moving average of $17.68. The company has a market cap of $9.217 billion and a price-to-earnings ratio of 10.94.
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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