The Western Union Company Coverage Initiated by Analysts at Berenberg Bank (WU)
Equities researchers at Berenberg Bank started coverage on shares of The Western Union Company (NYSE:WU) in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “sell” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of The Western Union Company in a research note on Monday, March 31st. They now have a $17.00 price target on the stock. Separately, analysts at SunTrust downgraded shares of The Western Union Company from a “neutral” rating to a “reduce” rating in a research note on Thursday, February 27th. They now have a $13.00 price target on the stock, down previously from $15.00. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.53.
The Western Union Company (NYSE:WU) opened at 16.03 on Friday. The Western Union Company has a one year low of $14.60 and a one year high of $19.50. The stock’s 50-day moving average is $16.06 and its 200-day moving average is $16.47. The company has a market cap of $8.639 billion and a P/E ratio of 11.19.
The Western Union Company (NYSE:WU) last announced its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company posted $0.37 earnings per share. The Western Union Company’s revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that The Western Union Company will post $1.46 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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