The Western Union (WU) Stock Rating Upgraded by Mizuho

The Western Union (NYSE:WU) was upgraded by Mizuho from an “underperform” rating to a “neutral” rating in a note issued to investors on Wednesday. The brokerage currently has a $16.00 price target on the credit services provider’s stock. Mizuho’s price objective suggests a potential downside of 21.18% from the stock’s previous close.

WU has been the subject of several other reports. ValuEngine raised shares of The Western Union from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Susquehanna Bancshares raised shares of The Western Union from a “negative” rating to a “neutral” rating in a report on Monday, January 8th. Zacks Investment Research lowered shares of The Western Union from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Citigroup lifted their target price on shares of The Western Union from $17.00 to $17.50 and gave the company a “sell” rating in a report on Friday, November 3rd. Finally, UBS Group raised shares of The Western Union to a “neutral” rating in a report on Monday, January 8th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The Western Union currently has a consensus rating of “Hold” and a consensus price target of $19.85.

The Western Union (WU) traded up $0.55 on Wednesday, reaching $20.30. 13,487,316 shares of the company’s stock were exchanged, compared to its average volume of 6,943,901. The Western Union has a 12 month low of $18.39 and a 12 month high of $22.21. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 4.98. The stock has a market cap of $9,320.00, a price-to-earnings ratio of 44.13, a PEG ratio of 1.85 and a beta of 1.05.

The Western Union (NYSE:WU) last posted its quarterly earnings results on Tuesday, February 13th. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The Western Union had a return on equity of 116.85% and a net margin of 3.83%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the business posted $0.47 earnings per share. equities research analysts anticipate that The Western Union will post 1.83 EPS for the current fiscal year.

In related news, EVP Jean Claude Farah sold 50,813 shares of The Western Union stock in a transaction on Monday, January 8th. The shares were sold at an average price of $21.50, for a total value of $1,092,479.50. Following the sale, the executive vice president now owns 152,362 shares of the company’s stock, valued at approximately $3,275,783. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Amintore Schenkel sold 15,600 shares of The Western Union stock in a transaction on Monday, January 8th. The shares were sold at an average price of $21.99, for a total transaction of $343,044.00. Following the completion of the sale, the insider now directly owns 93,694 shares in the company, valued at approximately $2,060,331.06. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its stake in The Western Union by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 36,024,158 shares of the credit services provider’s stock valued at $691,663,000 after acquiring an additional 222,786 shares during the period. Lyrical Asset Management LP boosted its stake in The Western Union by 3.3% during the 4th quarter. Lyrical Asset Management LP now owns 11,335,825 shares of the credit services provider’s stock worth $215,494,000 after purchasing an additional 363,239 shares during the last quarter. Clarkston Capital Partners LLC boosted its stake in The Western Union by 1.0% during the 4th quarter. Clarkston Capital Partners LLC now owns 9,139,401 shares of the credit services provider’s stock worth $173,740,000 after purchasing an additional 94,611 shares during the last quarter. LSV Asset Management boosted its stake in The Western Union by 6.3% during the 4th quarter. LSV Asset Management now owns 8,203,357 shares of the credit services provider’s stock worth $155,945,000 after purchasing an additional 483,400 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in The Western Union by 13.9% during the 4th quarter. Geode Capital Management LLC now owns 5,517,365 shares of the credit services provider’s stock worth $104,692,000 after purchasing an additional 673,748 shares during the last quarter.

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About The Western Union

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 The Western Union (NYSE:WU)

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