The Western Union Company Given Consensus Rating of “Hold” by Brokerages (NYSE:WU)
The Western Union Company (NYSE:WU) has been given a consensus rating of “Hold” by the twenty-two brokerages that are presently covering the company, StockRatingsNetwork reports. Four investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $18.18.
A number of research firms have recently commented on WU. Analysts at Berenberg Bank initiated coverage on shares of The Western Union Company in a research note on Friday. They set a “sell” rating and a $12.50 price target on the stock. Separately, 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. Finally, 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.
The Western Union Company (NYSE:WU) traded down 1.50% during mid-day trading on Friday, hitting $15.79. The stock had a trading volume of 1,121,105 shares. The Western Union Company has a 52 week low of $14.60 and a 52 week 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 $8.510 billion and a P/E ratio of 11.21.
The Western Union Company (NYSE:WU) last announced its earnings results on Thursday, May 1st. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that The Western Union Company will post $1.46 EPS for the current fiscal year.
The Western Union Company (NYSE:WU) is engaged in money movement and payment services.
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