The Western Union Company Rating Reiterated by JPMorgan Chase & Co. (WU)
The Western Union Company (NYSE:WU)‘s stock had its “underweight” rating reaffirmed by JPMorgan Chase & Co. in a research note issued on Tuesday. They currently have a $18.00 price target on the stock, up from their previous price target of $17.00. JPMorgan Chase & Co.’s target price would indicate a potential upside of 2.80% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs initiated coverage on shares of The Western Union Company in a research note on Tuesday, July 8th. They set a “sell” rating and a $17.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of The Western Union Company from a “hold” rating to a “buy” rating in a research note on Wednesday, July 2nd. Finally, 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. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.05.
The Western Union Company (NYSE:WU) traded down 0.34% on Tuesday, hitting $17.51. The stock had a trading volume of 3,715,423 shares. 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 $17.04 and a 200-day moving average of $16.35. The company has a market cap of $9.437 billion and a price-to-earnings ratio of 12.29.
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 $1.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Thursday, September 11th.
The Western Union Company (NYSE:WU) is engaged in money movement and payment services.
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