Western Union Company (The) (NYSE:WU) had its target price increased by equities researchers at Morgan Stanley from $18.00 to $19.00 in a research note issued on Friday. The firm presently has an “underweight” rating on the credit services provider’s stock. Morgan Stanley’s price target suggests a potential downside of 2.56% from the company’s current price.

A number of other research firms have also weighed in on WU. Mizuho restated a “sell” rating and set a $16.00 target price on shares of Western Union Company (The) in a research note on Sunday, October 15th. ValuEngine lowered shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Barclays PLC upped their target price on shares of Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, August 4th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target (up from $19.00) on shares of Western Union Company (The) in a report on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $19.00 price target on shares of Western Union Company (The) in a report on Thursday, October 12th. Six analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $19.95.

Western Union Company (WU) traded down $0.48 during mid-day trading on Friday, hitting $19.50. 7,262,028 shares of the company were exchanged, compared to its average volume of 2,856,226. The stock has a market cap of $9,317.02, a PE ratio of 10.85 and a beta of 1.01.

Western Union Company (The) (NYSE:WU) last released its earnings results on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.09. Western Union Company (The) had a net margin of 3.83% and a return on equity of 114.51%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. equities analysts anticipate that Western Union Company will post 1.76 earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Western Union Company (The) by 1.6% in the first quarter. Vanguard Group Inc. now owns 50,880,461 shares of the credit services provider’s stock valued at $1,035,417,000 after acquiring an additional 795,312 shares during the period. FMR LLC boosted its holdings in shares of Western Union Company (The) by 2.3% in the second quarter. FMR LLC now owns 41,834,190 shares of the credit services provider’s stock valued at $796,941,000 after acquiring an additional 926,405 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Western Union Company (The) by 7.6% in the third 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 acquiring an additional 2,667,461 shares during the period. BlackRock Inc. boosted its holdings in shares of Western Union Company (The) by 3,333.4% in the first quarter. BlackRock Inc. now owns 34,492,261 shares of the credit services provider’s stock valued at $701,918,000 after acquiring an additional 33,487,639 shares during the period. Finally, State Street Corp boosted its holdings in shares of Western Union Company (The) by 4.5% in the first quarter. State Street Corp now owns 21,495,712 shares of the credit services provider’s stock valued at $437,439,000 after acquiring an additional 920,224 shares during the period.

Western Union Company (The) Company Profile

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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