The Western Union Company Given Consensus Rating of “Hold” by Analysts (NYSE:WU)

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The Western Union Company (NYSE:WU) has received a consensus recommendation of “Hold” from the twenty-two ratings firms that are presently covering the company, American Banking and Market News reports. Four equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $18.18.

The Western Union Company (NYSE:WU) opened at 15.90 on Friday. The Western Union Company has a 1-year low of $14.60 and a 1-year high of $19.50. The stock has a 50-day moving average of $16.05 and a 200-day moving average of $16.44. The company has a market cap of $8.569 billion and a price-to-earnings ratio of 11.21.

The Western Union Company (NYSE:WU) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company posted $0.37 earnings per share. The Western Union Company’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that The Western Union Company will post $1.46 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.14%.

A number of research firms have recently commented on WU. Analysts at Berenberg Bank initiated coverage on shares of The Western Union Company in a research note on Friday. They set a “sell” rating and a $12.50 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The Western Union Company in a research note on Monday, March 31st. They now have a $17.00 price target on the stock. Finally, analysts at SunTrust downgraded shares of The Western Union Company from a “neutral” rating to a “reduce” rating in a research note on Thursday, February 27th. They now have a $13.00 price target on the stock, down previously from $15.00.

The Western Union Company (NYSE:WU) is engaged in money movement and payment services.

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