Free Trial

Western Union (NYSE:WU) Given New $9.00 Price Target at Susquehanna

Western Union logo with Business Services background

Key Points

  • Western Union's target price has been decreased from $11.00 to $9.00 by Susquehanna, which maintains a "neutral" rating on the stock.
  • Despite the downgrade, the new price target suggests a potential upside of 6.76% from its current trading price of $8.43.
  • Western Union recently reported earnings of $0.42 per share, falling short of expectations and reflecting a 3.8% decline in revenue compared to the same quarter last year.
  • MarketBeat previews the top five stocks to own by August 1st.
  • Limited Time Offer: Unlock powerful research tools, advanced financial data, and expert insights to help you invest with confidence. Save 50% when you upgrade to MarketBeat All Access during the month of July. Claim your discount here.

Western Union (NYSE:WU - Get Free Report) had its target price decreased by equities researchers at Susquehanna from $11.00 to $9.00 in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has a "neutral" rating on the credit services provider's stock. Susquehanna's price objective suggests a potential upside of 11.11% from the stock's current price.

Several other analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Western Union in a research note on Thursday, July 17th. They set a "hold" rating and a $9.00 target price on the stock. Oppenheimer initiated coverage on Western Union in a research note on Monday, June 2nd. They set a "market perform" rating on the stock. Royal Bank Of Canada cut their target price on Western Union from $14.00 to $13.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 24th. UBS Group restated a "neutral" rating and issued a $10.50 price target (down from $11.00) on shares of Western Union in a research note on Thursday, April 24th. Finally, Monness Crespi & Hardt dropped their price target on Western Union from $7.50 to $7.00 and set a "sell" rating on the stock in a research note on Tuesday. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, Western Union presently has an average rating of "Hold" and an average target price of $8.83.

Check Out Our Latest Stock Report on Western Union

Western Union Stock Up 0.1%

WU traded up $0.01 during trading on Tuesday, hitting $8.10. 12,432,235 shares of the company's stock traded hands, compared to its average volume of 9,126,521. The company's 50 day simple moving average is $8.78 and its two-hundred day simple moving average is $9.78. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.11. Western Union has a 12-month low of $7.99 and a 12-month high of $12.40. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 3.07, a PEG ratio of 1.44 and a beta of 0.65.

Western Union (NYSE:WU - Get Free Report) last issued its earnings results on Monday, July 28th. The credit services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). Western Union had a net margin of 21.83% and a return on equity of 66.11%. The business had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the prior year, the business posted $0.44 earnings per share. The business's revenue for the quarter was down 3.8% on a year-over-year basis. Analysts predict that Western Union will post 1.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Western Union

Institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Western Union by 18.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,983,265 shares of the credit services provider's stock worth $307,224,000 after purchasing an additional 4,426,126 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Western Union by 202.9% in the fourth quarter. Invesco Ltd. now owns 5,661,732 shares of the credit services provider's stock worth $60,014,000 after purchasing an additional 3,792,683 shares during the last quarter. AQR Capital Management LLC grew its position in Western Union by 39.0% in the fourth quarter. AQR Capital Management LLC now owns 11,206,431 shares of the credit services provider's stock worth $118,788,000 after acquiring an additional 3,146,395 shares in the last quarter. Brickwood Asset Management LLP purchased a new position in Western Union in the fourth quarter worth about $31,177,000. Finally, Norges Bank purchased a new position in Western Union in the fourth quarter worth about $22,984,000. 91.81% of the stock is owned by institutional investors.

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.

See Also

Analyst Recommendations for Western Union (NYSE:WU)

Should You Invest $1,000 in Western Union Right Now?

Before you consider Western Union, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Western Union wasn't on the list.

While Western Union currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday
ACT FAST! Congress is Dumping these 3 Stocks

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines