BMO Capital Markets Raises Western Union (NYSE:WU) Price Target to $13.00

Western Union (NYSE:WUFree Report) had its price target increased by BMO Capital Markets from $12.00 to $13.00 in a research report report published on Wednesday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the credit services provider’s stock.

A number of other research firms have also commented on WU. Royal Bank of Canada restated a sector perform rating and set 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. William Blair restated a market perform rating on shares of Western Union in a research note on Thursday, October 26th. Finally, UBS Group restated a neutral rating and set a $14.00 price objective on shares of Western Union in a research note on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Western Union currently has an average rating of Hold and a consensus price target of $12.85.

View Our Latest Analysis on WU

Western Union Price Performance

Shares of NYSE WU opened at $12.47 on Wednesday. The firm has a market cap of $4.54 billion, a P/E ratio of 7.42 and a beta of 0.83. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 5.23. Western Union has a 1-year low of $10.07 and a 1-year high of $14.50. The business’s 50 day moving average is $12.10 and its 200-day moving average is $12.26.

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 for the quarter, hitting analysts’ consensus estimates of $0.37. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.02 billion. Western Union had a return on equity of 113.63% and a net margin of 14.37%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 earnings per share. Equities research analysts predict that Western Union will post 1.69 earnings per share for the current year.

Western Union Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date of this dividend is Thursday, March 14th. Western Union’s dividend payout ratio is presently 55.95%.

Institutional Investors Weigh In On Western Union

Several hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Western Union by 1.4% during the 3rd 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. boosted its holdings in shares of Western Union by 8.3% during the 1st quarter. Equitable Holdings Inc. now owns 10,834 shares of the credit services provider’s stock valued at $121,000 after acquiring an additional 834 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Western Union by 8.3% during the 2nd quarter. D.A. Davidson & CO. now owns 11,046 shares of the credit services provider’s stock valued at $130,000 after acquiring an additional 842 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Western Union by 0.5% during the 3rd 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, Personal CFO Solutions LLC boosted its holdings in shares of Western Union by 6.6% during the 2nd quarter. Personal CFO Solutions LLC now owns 14,227 shares of the credit services provider’s stock valued at $167,000 after acquiring an additional 877 shares in the last quarter. Institutional investors and hedge funds own 88.83% of the company’s stock.

Western Union Company Profile

(Get Free Report)

The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer 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

Analyst Recommendations for Western Union (NYSE:WU)

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