The Western Union Company’s “Underweight” Rating Reaffirmed at Barclays (WU)
The Western Union Company (NYSE:WU)‘s stock had its “underweight” rating reiterated by equities research analysts at Barclays in a research note issued to investors on Friday. They currently have a $18.00 target price on the stock, up from their previous target price of $17.00. Barclays’ price objective would suggest a potential upside of 3.03% from the company’s current price.
A number of other analysts have also recently weighed in on WU. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of The Western Union Company in a research note on Tuesday. They now have a $18.00 price target on the stock, up previously from $17.00. Separately, 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. Finally, 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. Six analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $18.11.
The Western Union Company (NYSE:WU) traded down 3.78% on Friday, hitting $16.81. 9,318,550 shares of the company’s stock traded hands. 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 $17.14 and its 200-day moving average is $16.37. The company has a market cap of $9.059 billion and a price-to-earnings ratio of 12.22.
The Western Union Company (NYSE:WU) last announced its earnings results on Thursday, July 31st. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 1.4% 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.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors 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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