Zacks Investment Research upgraded shares of Western Union Company (The) (NYSE:WU) from a hold rating to a buy rating in a research report sent to investors on Monday. They currently have $22.00 price target on the credit services provider’s stock.

According to Zacks, “Western Union’s third-quarter 2017 earnings beat the Zacks Consensus Estimate and grew year over year, led by revenue growth. Western Union’s strategic investments in new products, services and technology are likely to pave the way for long-term growth. Relentless focus on expansion of customer base and creation of digital infrastructure to boost the electronic channels business should also fuel growth. The company’s wide agent network and strong international business are also impressive. In a year, the stock has underperformed the industry. Nevertheless, the stock has seen the Zacks Consensus Estimate for current-year earnings being revised 2.3% upward over the last seven days. The company is faced with increasing competition, high compliance costs, global headwinds and foreign exchange volatility.”

A number of other research analysts also recently issued reports on the company. Stifel Nicolaus restated a hold rating and set a $20.00 price target (up previously from $19.00) on shares of Western Union Company (The) in a report on Wednesday, August 9th. ValuEngine downgraded Western Union Company (The) from a buy rating to a hold rating in a report on Friday, September 1st. Morgan Stanley boosted their price target on Western Union Company (The) from $18.00 to $19.00 and gave the company an underweight rating in a report on Friday, November 3rd. Jefferies Group LLC restated a hold rating and set a $19.00 price target on shares of Western Union Company (The) in a report on Thursday, October 12th. Finally, Mizuho restated a sell rating and set a $16.00 price target on shares of Western Union Company (The) in a report on Sunday, October 15th. Six analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $20.14.

Shares of Western Union Company (NYSE WU) opened at $19.75 on Monday. Western Union Company has a 52 week low of $18.39 and a 52 week high of $22.70. 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 firm has a market capitalization of $8,800.04, a PE ratio of 10.36, a PEG ratio of 1.81 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, beating analysts’ consensus estimates of $0.44 by $0.09. Western Union Company (The) had a return on equity of 116.85% and a net margin of 3.83%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the company posted $0.46 EPS. Western Union Company (The)’s revenue for the quarter was up 5.0% on a year-over-year basis. analysts expect that Western Union Company will post 1.83 earnings per share for the current year.

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In other Western Union Company (The) news, EVP Jean Claude Farah sold 17,518 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $20.50, for a total transaction of $359,119.00. Following the transaction, the executive vice president now owns 139,500 shares in the company, valued at approximately $2,859,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Norinchukin Bank The grew its stake in shares of Western Union Company (The) by 10.9% in the 3rd quarter. Norinchukin Bank The now owns 131,228 shares of the credit services provider’s stock worth $2,520,000 after buying an additional 12,880 shares during the last quarter. ING Groep NV purchased a new stake in shares of Western Union Company (The) in the 3rd quarter worth approximately $420,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Western Union Company (The) by 6.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 85,353 shares of the credit services provider’s stock worth $1,639,000 after buying an additional 5,003 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in shares of Western Union Company (The) by 0.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,801,317 shares of the credit services provider’s stock worth $53,785,000 after buying an additional 24,425 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Western Union Company (The) by 183.5% in the 3rd quarter. SG Americas Securities LLC now owns 103,582 shares of the credit services provider’s stock worth $1,989,000 after buying an additional 227,699 shares during the last quarter.

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.

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

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