Western Union Given New $17.00 Price Target at Barclays (WU)
Equities research analysts at Barclays hoisted their target price on shares of Western Union (NYSE:WU) from $16.00 to $17.00 in a research note issued to investors on Thursday, Analyst Ratings.Net reports. Barclays’ price target indicates a potential upside of 3.22% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Western Union in a research note on Tuesday, January 21st. They now have a $17.00 price target on the stock. Separately, analysts at Compass Point upgraded shares of Western Union from a “neutral” rating to a “buy” rating in a research note on Thursday, January 16th. They now have a $20.00 price target on the stock, up previously from $16.00. Finally, analysts at Citigroup Inc. downgraded shares of Western Union from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.39.
Western Union (NYSE:WU) opened at 16.34 on Thursday. Western Union has a one year low of $13.80 and a one year high of $19.50. The stock has a 50-day moving average of $16.30 and a 200-day moving average of $17.48. The company has a market cap of $9.024 billion and a price-to-earnings ratio of 10.52.
Western Union (NYSE:WU) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.01. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts predict that Western Union will post $1.45 earnings per share for the current fiscal year.
The Western Union Company (NYSE:WU) is engaged in money movement and payment services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.