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The Western Union Company (NYSE:WU) was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

The analysts wrote, “Western Union (WU) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”

Shares of The Western Union Company (NYSE:WU) traded down 0.40% on Wednesday, hitting $17.31. 4,877,732 shares of the company’s stock traded hands. The Western Union Company has a 52 week low of $14.60 and a 52 week high of $19.50. The stock has a 50-day moving average of $16.28 and a 200-day moving average of $16.28. The company has a market cap of $9.329 billion and a P/E ratio of 12.15. The Western Union Company also was the recipient of a significant growth in short interest in June. As of June 13th, there was short interest totalling 65,060,323 shares, a growth of 14.1% from the May 30th total of 57,020,379 shares. Approximately 12.1% of the company’s stock are sold short. Based on an average daily volume of 4,898,244 shares, the days-to-cover ratio is presently 13.3 days.

The Western Union Company (NYSE:WU) last posted its quarterly 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. On average, analysts predict that The Western Union Company will post $1.45 earnings per share for the current fiscal year.

WU has been the subject of a number of other recent research reports. Analysts at Monness Crespi & Hardt initiated coverage on shares of The Western Union Company in a research note on Wednesday, June 18th. They set a “neutral” rating and a $17.00 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 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 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 presently has a consensus rating of “Hold” and an average target price of $18.11.

The Western Union Company (NYSE:WU) is engaged in money movement and payment services.

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