Western Union (WU) Upgraded by ValuEngine to “Buy”
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.
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.
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