Western Union (NYSE:WU) Given New $10.00 Price Target at Barclays

Western Union (NYSE:WU) had its target price lowered by Barclays from $11.00 to $10.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “underweight” rating on the credit services provider’s stock. Barclays‘s price objective would suggest a potential downside of 6.63% from the company’s current price.

WU has been the subject of a number of other reports. StockNews.com upgraded shares of Western Union from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods cut their target price on shares of Western Union from $13.00 to $12.00 and set a “market perform” rating on the stock in a research note on Monday. UBS Group decreased their price target on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Three analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, Western Union has an average rating of “Hold” and a consensus target price of $12.63.

Western Union Price Performance

Shares of Western Union stock traded down $0.19 on Friday, hitting $10.71. The company’s stock had a trading volume of 665,389 shares, compared to its average volume of 4,088,271. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 5.49, a price-to-earnings-growth ratio of 1.52 and a beta of 0.86. The firm has a fifty day moving average price of $11.12 and a 200-day moving average price of $11.81. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.10 and a current ratio of 1.10. Western Union has a 1 year low of $10.51 and a 1 year high of $14.19.

Western Union (NYSE:WU) last announced its earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Western Union had a net margin of 16.07% and a return on equity of 120.39%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS. As a group, sell-side analysts anticipate that Western Union will post 1.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC purchased a new position in shares of Western Union in the 3rd quarter worth $25,000. Quarry LP raised its holdings in shares of Western Union by 52.9% in the 2nd quarter. Quarry LP now owns 2,588 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 895 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Western Union by 89.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,226 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 1,522 shares in the last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of Western Union by 31.1% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 4,316 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 1,024 shares during the period. Finally, Tompkins Financial Corp acquired a new stake in Western Union during the 3rd quarter worth approximately $60,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

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.