Western Union (NYSE:WU – Get Rating) had its price objective lowered by stock analysts at Morgan Stanley from $15.00 to $14.00 in a report released on Thursday, MarketBeat reports. The firm currently has an “underweight” rating on the credit services provider’s stock. Morgan Stanley’s price objective suggests a potential downside of 14.48% from the company’s current price.
Several other research firms have also recently weighed in on WU. JPMorgan Chase & Co. cut their price objective on shares of Western Union from $20.00 to $19.00 in a research report on Friday, April 29th. The Goldman Sachs Group assumed coverage on Western Union in a research note on Tuesday, May 17th. They issued a “sell” rating and a $18.00 price objective for the company. Wolfe Research downgraded shares of Western Union from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $20.00 to $17.00 in a research report on Wednesday, July 20th. Citigroup downgraded shares of Western Union from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research report on Friday, April 29th. Finally, TheStreet cut Western Union from a “b-” rating to a “c+” rating in a report on Tuesday, July 12th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.23.
Western Union Price Performance
NYSE WU opened at $16.37 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 7.18. Western Union has a 12-month low of $15.30 and a 12-month high of $22.93. The company has a market capitalization of $6.32 billion, a PE ratio of 7.34 and a beta of 0.89. The firm’s 50 day moving average is $16.76 and its 200-day moving average is $17.78.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Field & Main Bank purchased a new stake in shares of Western Union during the second quarter worth about $25,000. NuWave Investment Management LLC bought a new stake in shares of Western Union in the 2nd quarter valued at approximately $29,000. CWM LLC bought a new stake in shares of Western Union in the 4th quarter valued at approximately $30,000. Ellevest Inc. lifted its stake in shares of Western Union by 148.6% in the 2nd quarter. Ellevest Inc. now owns 1,932 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 1,155 shares during the last quarter. Finally, Riverview Trust Co lifted its stake in shares of Western Union by 99.7% in the 1st quarter. Riverview Trust Co now owns 2,047 shares of the credit services provider’s stock valued at $38,000 after purchasing an additional 1,022 shares during the last quarter. Institutional investors own 97.43% of the company’s stock.
About Western Union
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents and sub-agents; and offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through websites and mobile devices.
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