Western Union (NYSE:WU) Coverage Initiated at Monness Crespi & Hardt

Stock analysts at Monness Crespi & Hardt started coverage on shares of Western Union (NYSE:WUGet Free Report) in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage set a “neutral” rating on the credit services provider’s stock.

WU has been the topic of several other research reports. William Blair reaffirmed a “market perform” rating on shares of Western Union in a research report on Wednesday, February 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $16.00 price objective on shares of Western Union in a research note on Tuesday, December 19th. Wolfe Research restated an “underperform” rating on shares of Western Union in a research note on Thursday, January 4th. BMO Capital Markets lifted their price objective on Western Union from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Wednesday, February 7th. Finally, Barclays increased their target price on shares of Western Union from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Monday, February 12th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Western Union currently has a consensus rating of “Hold” and an average price target of $12.95.

Check Out Our Latest Research Report on WU

Western Union Stock Performance

WU opened at $13.83 on Wednesday. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 4.95 and a beta of 0.84. The company’s fifty day moving average price is $12.91 and its two-hundred day moving average price is $12.52. Western Union has a 1-year low of $10.37 and a 1-year high of $14.19. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 5.23.

Western Union (NYSE:WUGet Free Report) last announced its earnings results on Tuesday, February 6th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Western Union had a return on equity of 113.63% and a net margin of 14.37%. Western Union’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. On average, analysts expect that Western Union will post 1.68 EPS for the current fiscal year.

Insider Activity at Western Union

In related news, Director Timothy P. Murphy bought 10,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were purchased at an average price of $12.85 per share, with a total value of $128,500.00. Following the purchase, the director now owns 56,205 shares of the company’s stock, valued at approximately $722,234.25. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Western Union by 1.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 56,476 shares of the credit services provider’s stock valued at $744,000 after acquiring an additional 791 shares in the last quarter. Equitable Holdings Inc. lifted its stake in shares of Western Union by 8.3% in the first quarter. Equitable Holdings Inc. now owns 10,834 shares of the credit services provider’s stock worth $121,000 after buying an additional 834 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Western Union by 8.3% during the second quarter. D.A. Davidson & CO. now owns 11,046 shares of the credit services provider’s stock valued at $130,000 after buying an additional 842 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of Western Union by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 169,552 shares of the credit services provider’s stock valued at $2,235,000 after acquiring an additional 842 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in Western Union by 3.3% in the 2nd quarter. LPL Financial LLC now owns 30,876 shares of the credit services provider’s stock worth $509,000 after acquiring an additional 975 shares during the last quarter. 88.83% of the stock is owned by hedge funds and other institutional investors.

About Western Union

(Get Free Report)

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.

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Analyst Recommendations for Western Union (NYSE:WU)

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