Western Union Company (The) (NYSE:WU) had its target price boosted by equities research analysts at Citigroup Inc. from $17.00 to $17.50 in a report issued on Friday. The firm presently has a “sell” rating on the credit services provider’s stock. Citigroup Inc.’s price target points to a potential downside of 10.26% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley boosted their price target on shares of Western Union Company (The) from $18.00 to $19.00 and gave the company an “underweight” rating in a research report on Friday. Stifel Nicolaus reissued a “hold” rating and set a $20.00 price target (up previously from $19.00) on shares of Western Union Company (The) in a research report on Wednesday, August 9th. ValuEngine cut shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group LLC reissued a “hold” rating and set a $19.00 price target on shares of Western Union Company (The) in a research report on Thursday, October 12th. Finally, Mizuho reissued a “sell” rating and set a $16.00 price target on shares of Western Union Company (The) in a research report on Sunday, October 15th. Six research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $19.95.

Shares of Western Union Company (NYSE:WU) traded down $0.48 on Friday, reaching $19.50. 7,262,028 shares of the company’s stock traded hands, compared to its average volume of 2,856,226. The company has a market capitalization of $9,317.02, a price-to-earnings ratio of 10.85 and a beta of 1.01.

Western Union Company (The) (NYSE:WU) last announced its quarterly earnings results on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.09. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Western Union Company (The) had a net margin of 3.83% and a return on equity of 114.51%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. analysts forecast that Western Union Company will post 1.76 EPS for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Western Union Company (The) by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 50,880,461 shares of the credit services provider’s stock valued at $1,035,417,000 after buying an additional 795,312 shares during the period. FMR LLC raised its holdings in Western Union Company (The) by 2.3% in the 2nd quarter. FMR LLC now owns 41,834,190 shares of the credit services provider’s stock valued at $796,941,000 after buying an additional 926,405 shares during the period. Bank of New York Mellon Corp raised its holdings in Western Union Company (The) by 7.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 37,572,679 shares of the credit services provider’s stock valued at $782,263,000 after buying an additional 2,667,461 shares during the period. BlackRock Inc. raised its holdings in Western Union Company (The) by 3,333.4% in the 1st quarter. BlackRock Inc. now owns 34,492,261 shares of the credit services provider’s stock valued at $701,918,000 after buying an additional 33,487,639 shares during the period. Finally, State Street Corp raised its holdings in Western Union Company (The) by 4.5% in the 1st quarter. State Street Corp now owns 21,495,712 shares of the credit services provider’s stock valued at $437,439,000 after buying an additional 920,224 shares during the period.

About Western Union Company (The)

The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

Analyst Recommendations for Western Union Company (The) (NYSE:WU)

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