Western Union Company (The) (NYSE:WU) had its price objective boosted by research analysts at Morgan Stanley from $18.00 to $19.00 in a report released on Friday. The brokerage 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 stock’s current price.

Other equities analysts have also issued research reports about the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target (up previously from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. ValuEngine lowered Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $19.00 price target on shares of Western Union Company (The) in a research note on Thursday, October 12th. Mizuho reissued 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. Finally, Zacks Investment Research lowered Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Western Union Company (The) currently has a consensus rating of “Hold” and an average price target of $19.95.

Western Union Company (WU) traded down $0.58 during midday trading on Friday, reaching $19.50. The company’s stock had a trading volume of 1,533,031 shares, compared to its average volume of 2,856,226. Western Union Company has a one year low of $18.39 and a one year high of $22.70. The firm has a market capitalization of $9,047.90, a price-to-earnings ratio of 10.54, a P/E/G ratio of 2.21 and a beta of 1.01. The company has a debt-to-equity ratio of 5.49, a current ratio of 1.03 and a quick ratio of 1.03.

Western Union Company (The) (NYSE:WU) last announced its quarterly earnings results on Thursday, November 2nd. The credit services provider reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.09. Western Union Company (The) had a return on equity of 114.51% and a net margin of 3.83%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the company posted $0.46 EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis. equities research analysts predict that Western Union Company will post 1.8 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Pitcairn Co. increased its holdings in shares of Western Union Company (The) by 28.5% in the 3rd quarter. Pitcairn Co. now owns 33,569 shares of the credit services provider’s stock valued at $645,000 after acquiring an additional 7,449 shares during the last quarter. Hennessy Advisors Inc. increased its holdings in shares of Western Union Company (The) by 3.8% in the 3rd quarter. Hennessy Advisors Inc. now owns 101,500 shares of the credit services provider’s stock valued at $1,949,000 after acquiring an additional 3,700 shares during the last quarter. Access Financial Services Inc. increased its holdings in shares of Western Union Company (The) by 5.0% in the 3rd quarter. Access Financial Services Inc. now owns 74,977 shares of the credit services provider’s stock valued at $1,440,000 after acquiring an additional 3,557 shares during the last quarter. Boyar Asset Management Inc. increased its holdings in shares of Western Union Company (The) by 14.9% in the 3rd quarter. Boyar Asset Management Inc. now owns 34,504 shares of the credit services provider’s stock valued at $662,000 after acquiring an additional 4,462 shares during the last quarter. Finally, Jensen Investment Management Inc. increased its holdings in shares of Western Union Company (The) by 45.7% in the 3rd quarter. Jensen Investment Management Inc. now owns 41,770 shares of the credit services provider’s stock valued at $802,000 after acquiring an additional 13,110 shares during the last quarter.

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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