UBS Group Raises Western Union (NYSE:WU) Price Target to $9.00

by · The Cerbat Gem

Western Union (NYSE:WU – Get Free Report) had its price target raised by equities research analysts at UBS Group from $8.50 to $9.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the credit services provider’s stock. UBS Group’s target price indicates a potential upside of 1.41% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Morgan Stanley dropped their target price on shares of Western Union from $9.00 to $7.00 and set an “underweight” rating on the stock in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Western Union in a report on Thursday, July 17th. They issued a “hold” rating and a $9.00 price target for the company. Susquehanna raised their price objective on shares of Western Union from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday. Monness Crespi & Hardt decreased their target price on shares of Western Union from $7.50 to $7.00 and set a “sell” rating for the company in a research report on Tuesday, July 29th. Finally, Citigroup upgraded shares of Western Union to a “hold” rating in a report on Thursday, October 23rd. Ten equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Western Union currently has a consensus rating of “Reduce” and an average price target of $8.70.

Check Out Our Latest Analysis on Western Union

Western Union Stock Down 2.5%

WU stock traded down $0.23 during mid-day trading on Monday, reaching $8.88. The company had a trading volume of 6,183,833 shares, compared to its average volume of 8,316,980. Western Union has a 52 week low of $7.85 and a 52 week high of $11.94. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 3.87, a PEG ratio of 2.98 and a beta of 0.61. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.12 and a quick ratio of 1.15. The stock has a 50 day simple moving average of $8.46 and a two-hundred day simple moving average of $8.73.

Western Union (NYSE:WU – Get Free Report) last posted its earnings results on Thursday, October 23rd. The credit services provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. Western Union had a return on equity of 60.85% and a net margin of 18.80%.The firm’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. Western Union has set its FY 2025 guidance at 1.650-1.750 EPS. As a group, equities analysts predict that Western Union will post 1.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Matthew Cagwin bought 17,500 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of $8.36 per share, with a total value of $146,300.00. Following the completion of the acquisition, the chief financial officer directly owned 225,611 shares of the company’s stock, valued at $1,886,107.96. This trade represents a 8.41% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Devin Mcgranahan purchased 176,470 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was acquired at an average price of $8.49 per share, for a total transaction of $1,498,230.30. Following the acquisition, the chief executive officer owned 913,125 shares in the company, valued at $7,752,431.25. This trade represents a 23.96% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.58% of the company’s stock.

Institutional Investors Weigh In On Western Union

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale increased its holdings in shares of Western Union by 0.7% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 186,822 shares of the credit services provider’s stock worth $1,947,000 after buying an additional 1,249 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Western Union by 0.3% during the first quarter. Envestnet Asset Management Inc. now owns 405,839 shares of the credit services provider’s stock worth $4,294,000 after acquiring an additional 1,262 shares during the last quarter. SummerHaven Investment Management LLC raised its position in Western Union by 2.3% in the second quarter. SummerHaven Investment Management LLC now owns 64,248 shares of the credit services provider’s stock valued at $541,000 after purchasing an additional 1,424 shares during the period. Michels Family Financial LLC lifted its stake in shares of Western Union by 3.2% in the 3rd quarter. Michels Family Financial LLC now owns 46,722 shares of the credit services provider’s stock valued at $373,000 after purchasing an additional 1,436 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Western Union by 2.6% during the 1st quarter. Voya Investment Management LLC now owns 75,479 shares of the credit services provider’s stock worth $799,000 after purchasing an additional 1,936 shares during the period. Hedge funds and other institutional investors own 91.81% of the company’s stock.

About Western Union

(Get Free Report)

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.

Featured Stories