Western Union Company (The) (WU) Raised to “Buy” at Zacks Investment Research

Western Union Company (The) (NYSE:WU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, November 6th. The brokerage currently has a $22.00 target price on the credit services provider’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.79% from the stock’s previous close.

According to Zacks, “Western Union’s third-quarter 2017 earnings beat the Zacks Consensus Estimate and grew year over year, led by revenue growth. Western Union’s strategic investments in new products, services and technology are likely to pave the way for long-term growth. Relentless focus on expansion of customer base and creation of digital infrastructure to boost the electronic channels business should also fuel growth. The company’s wide agent network and strong international business are also impressive. In a year, the stock has underperformed the industry. Nevertheless, the stock has seen the Zacks Consensus Estimate for current-year earnings being revised 2.3% upward over the last seven days. The company is faced with increasing competition, high compliance costs, global headwinds and foreign exchange volatility.”

Several other research analysts also recently commented on WU. Citigroup Inc. increased their price objective on shares of Western Union Company (The) from $17.00 to $17.50 and gave the company a “sell” rating in a report on Friday, November 3rd. Barclays PLC increased their price target on shares of Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Friday, August 4th. Morgan Stanley raised their price objective on shares of Western Union Company (The) from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Friday, November 3rd. ValuEngine raised shares of Western Union Company (The) from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Mizuho reaffirmed a “sell” rating and set a $16.00 target price on shares of Western Union Company (The) in a research report on Sunday, October 15th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $20.14.

Western Union Company (NYSE WU) opened at $19.68 on Monday. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $9,038.87, a price-to-earnings ratio of 10.64, a PEG ratio of 1.86 and a beta of 1.01. Western Union Company has a twelve month low of $18.39 and a twelve month high of $22.70.

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

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In other Western Union Company (The) news, EVP Jean Claude Farah sold 17,518 shares of Western Union Company (The) stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $20.50, for a total value of $359,119.00. Following the completion of the transaction, the executive vice president now owns 139,500 shares of the company’s stock, valued at $2,859,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fiduciary Trust Co. purchased a new stake in Western Union Company (The) during the 2nd quarter valued at about $121,000. Capstone Investment Advisors Netherlands B.V. purchased a new stake in Western Union Company (The) during the 2nd quarter valued at about $129,000. Financial Architects Inc grew its stake in Western Union Company (The) by 2.1% during the 2nd quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock valued at $132,000 after acquiring an additional 144 shares in the last quarter. IFP Advisors Inc grew its stake in Western Union Company (The) by 3.1% during the 2nd quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock valued at $149,000 after acquiring an additional 239 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Western Union Company (The) by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 8,109 shares of the credit services provider’s stock valued at $154,000 after purchasing an additional 627 shares during the last quarter.

About Western Union Company (The)

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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