The Western Union Company Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:WU)
Shares of The Western Union Company (NYSE:WU) have earned an average rating of “Hold” from the twenty-two brokerages that are presently covering the stock, American Banking and Market News reports. Six research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $18.11.
Several analysts have recently commented on the stock. Analysts at Barclays reiterated an “underweight” rating on shares of The Western Union Company in a research note on Friday. They now have a $18.00 price target on the stock, up previously from $17.00. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of The Western Union Company in a research note on Tuesday, July 29th. They now have a $18.00 price target on the stock, up previously from $17.00. Finally, 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.
The Western Union Company (NYSE:WU) traded down 0.41% during mid-day trading on Tuesday, hitting $16.95. 612,008 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’s 50-day moving average is $17.19 and its 200-day moving average is $16.37. The company has a market cap of $8.980 billion and a price-to-earnings ratio of 11.91.
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 $1.47 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 2.94%. 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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