Western Union (NYSE:WU) Stock Rating Upgraded by UBS Group

Posted by on Apr 12th, 2023

Western Union (NYSE:WU – Get Rating) was upgraded by stock analysts at UBS Group from a “sell” rating to a “neutral” rating in a note issued to investors on Monday, Marketbeat Ratings reports.

A number of other equities analysts have also recently issued reports on WU. The Goldman Sachs Group dropped their price objective on shares of Western Union from $13.50 to $12.00 and set a “sell” rating for the company in a research note on Monday, January 9th. StockNews.com started coverage on shares of Western Union in a report on Thursday, March 16th. They set a “hold” rating on the stock. Finally, Barclays decreased their price objective on shares of Western Union from $13.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, March 13th. Six equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $13.97.

Western Union Trading Up 2.1 %

Shares of WU opened at $11.30 on Monday. The business’s 50-day moving average price is $12.28 and its 200 day moving average price is $13.32. The stock has a market capitalization of $4.23 billion, a P/E ratio of 4.83 and a beta of 0.85. Western Union has a 1-year low of $10.07 and a 1-year high of $19.97. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 5.48.

Western Union (NYSE:WU – Get Rating) last posted its earnings results on Tuesday, February 7th. The credit services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Western Union had a return on equity of 151.54% and a net margin of 20.35%. The business’s revenue was down 15.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share. Analysts expect that Western Union will post 1.59 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Western Union by 8.3% during the 3rd quarter. Vanguard Group Inc. now owns 45,774,680 shares of the credit services provider’s stock worth $617,958,000 after buying an additional 3,522,420 shares during the period. State Street Corp lifted its holdings in shares of Western Union by 10.4% in the 1st quarter. State Street Corp now owns 16,856,481 shares of the credit services provider’s stock worth $315,890,000 after purchasing an additional 1,592,331 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Western Union by 13.7% in the 4th quarter. Van ECK Associates Corp now owns 12,529,073 shares of the credit services provider’s stock worth $172,525,000 after purchasing an additional 1,509,663 shares in the last quarter. Jupiter Asset Management Ltd. lifted its stake in Western Union by 29.4% during the 4th quarter. Jupiter Asset Management Ltd. now owns 9,439,304 shares of the credit services provider’s stock valued at $129,885,000 after acquiring an additional 2,144,069 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Western Union by 10.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,663,089 shares of the credit services provider’s stock valued at $119,291,000 after acquiring an additional 842,308 shares in the last quarter. Institutional investors own 97.66% of the company’s stock.

About Western Union

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The Western Union Co is a holding company, which engages in the provision of money transfer and payment services. It operates through the following segments: Consumer-to-Consumer, Business Solutions, and Other. The Consumer-to-Consumer segment facilitates money transfers between two consumers. The Business Solutions segment offers payment and foreign exchange solutions, cross-border, and cross-currency transactions for small and medium size enterprises and other organizations and individuals.

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