Share on StockTwits

Equities research analysts at Monness Crespi & Hardt started coverage on shares of The Western Union Company (NYSE:WU) in a research note issued to investors on Wednesday. The firm set a “neutral” rating and a $17.00 price target on the stock. Monness Crespi & Hardt’s target price indicates a potential upside of 4.55% from the company’s current price.

Shares of The Western Union Company (NYSE:WU) opened at 16.26 on Wednesday. The Western Union Company has a 1-year low of $14.60 and a 1-year high of $19.50. The stock’s 50-day moving average is $16.08 and its 200-day moving average is $16.27. The company has a market cap of $8.763 billion and a P/E ratio of 11.37. The Western Union Company also was the target of a significant increase in short interest during the month of May. As of May 30th, there was short interest totalling 57,020,379 shares, an increase of 6.1% from the May 15th total of 53,758,682 shares. Approximately 10.6% of the company’s stock are sold short. Based on an average trading volume of 5,827,867 shares, the days-to-cover ratio is currently 9.8 days.

The Western Union Company (NYSE:WU) last posted its quarterly 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. Analysts expect that The Western Union Company will post $1.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Thursday, June 12th.

WU has been the subject of a number of other recent research reports. Analysts at TheStreet downgraded shares of The Western Union Company from a “buy” rating to a “hold” rating in a research note on Monday, June 2nd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The Western Union Company in a research note on Tuesday, May 27th. They now have a $17.00 price target on the stock. Finally, analysts at Berenberg Bank initiated coverage on shares of The Western Union Company in a research note on Friday, May 16th. They set a “sell” rating and a $12.50 price target on the stock. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. The Western Union Company presently has an average rating of “Hold” and a consensus target price of $18.11.

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.