ValuEngine upgraded shares of Western Union (NYSE:WU) from a hold rating to a buy rating in a research report released on Friday.

Several other equities analysts also recently commented on WU. Stifel Nicolaus reiterated a hold rating and issued a $20.00 target price (up from $19.00) on shares of Western Union in a research report on Wednesday, August 9th. Barclays increased their target price on Western Union from $21.00 to $22.00 and gave the company an underweight rating in a research report on Friday, August 4th. Jefferies Group reiterated a hold rating and issued a $19.00 target price on shares of Western Union in a research report on Thursday, October 12th. Mizuho reiterated a sell rating and issued a $16.00 target price on shares of Western Union in a research report on Sunday, October 15th. Finally, Morgan Stanley increased their target price on Western Union from $18.00 to $19.00 and gave the company an underweight rating in a research report on Friday, November 3rd. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Western Union has a consensus rating of Hold and an average price target of $20.14.

Western Union (WU) traded up $0.02 during trading on Friday, reaching $19.71. The company’s stock had a trading volume of 5,169,773 shares, compared to its average volume of 3,453,345. 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 company has a market capitalization of $9,043.47, a P/E ratio of 10.64, a PEG ratio of 1.86 and a beta of 1.00. Western Union has a 1 year low of $18.39 and a 1 year high of $22.70.

Western Union (NYSE:WU) last posted its earnings results on Thursday, November 2nd. The credit services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.44 by $0.09. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. Western Union had a return on equity of 116.85% and a net margin of 3.83%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share. equities research analysts forecast that Western Union will post 1.83 EPS for the current year.

In other news, EVP Jean Claude Farah sold 17,518 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $20.50, for a total transaction of $359,119.00. Following the completion of the transaction, the executive vice president now directly owns 139,500 shares in the company, valued at $2,859,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Fiduciary Trust Co. acquired a new stake in Western Union during the second quarter worth approximately $121,000. Capstone Investment Advisors Netherlands B.V. acquired a new stake in Western Union during the second quarter worth approximately $129,000. IFP Advisors Inc grew its stake in Western Union by 3.1% during the second quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock worth $149,000 after purchasing an additional 239 shares during the period. Pacer Advisors Inc. grew its stake in Western Union by 8.4% during the second quarter. Pacer Advisors Inc. now owns 8,109 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 627 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Western Union during the third quarter worth approximately $186,000.

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About 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 Western Union (NYSE:WU)

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