Shares of The Western Union Company (NYSE:WU – Get Free Report) have been assigned a consensus recommendation of “Reduce” from the ten brokerages that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $13.14.
A number of brokerages have issued reports on WU. JPMorgan Chase & Co. reduced their price target on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Tuesday, August 20th. Citigroup reaffirmed a “neutral” rating and issued a $13.00 target price on shares of Western Union in a report on Wednesday, July 17th. Royal Bank of Canada dropped their price target on Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. Finally, StockNews.com upgraded shares of Western Union from a “sell” rating to a “hold” rating in a report on Thursday, August 29th.
Check Out Our Latest Stock Report on WU
Institutional Investors Weigh In On Western Union
Western Union Trading Down 1.4 %
NYSE:WU opened at $11.67 on Tuesday. The company has a 50-day moving average price of $11.91 and a 200-day moving average price of $12.59. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 6.91, a P/E/G ratio of 1.82 and a beta of 0.86. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.98. Western Union has a 12 month low of $10.92 and a 12 month high of $14.19.
Western Union (NYSE:WU – Get Free Report) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). Western Union had a return on equity of 123.71% and a net margin of 13.64%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm posted $0.51 earnings per share. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. Equities analysts predict that Western Union will post 1.77 EPS for the current year.
Western Union Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.235 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.94 annualized dividend and a dividend yield of 8.05%. Western Union’s dividend payout ratio is presently 55.62%.
Western Union Company Profile
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.
Further Reading
- Five stocks we like better than Western Union
- The 3 Best Fintech Stocks to Buy Now
- When Is the Best Time to Invest in Mutual Funds?
- What is the NASDAQ Stock Exchange?
- Is NVIDIA Stock in a Correction or Consolidation?
- What is a Stock Market Index and How Do You Use Them?
- 3 Oversold Stocks with Big RSI Rebound Potential
Receive News & Ratings for Western Union Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Union and related companies with MarketBeat.com's FREE daily email newsletter.