Deutsche Bank Aktiengesellschaft Initiates Coverage on Western Union (NYSE:WU)

Stock analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Western Union (NYSE:WU - Get Free Report) in a research report issued on Thursday, MarketBeat reports. The brokerage set a "hold" rating and a $9.00 price target on the credit services provider's stock. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 10.91% from the stock's previous close.

Several other equities analysts have also weighed in on the stock. UBS Group reiterated a "neutral" rating and issued a $10.50 target price (down from $11.00) on shares of Western Union in a report on Thursday, April 24th. JMP Securities reissued a "market perform" rating on shares of Western Union in a research note on Thursday, April 24th. Royal Bank Of Canada reduced their price target on shares of 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. Susquehanna reduced their price target on shares of Western Union from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, Oppenheimer initiated coverage on shares of Western Union in a research note on Monday, June 2nd. They issued a "market perform" rating on the stock. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.60.

Western Union Trading Down 0.1%

NYSE:WU traded down $0.01 on Thursday, hitting $8.12. The stock had a trading volume of 7,424,843 shares, compared to its average volume of 5,700,358. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.97. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 3.03, a PEG ratio of 2.31 and a beta of 0.65. The company has a fifty day moving average price of $9.00 and a two-hundred day moving average price of $9.90. Western Union has a 1-year low of $8.04 and a 1-year high of $13.12.

Western Union (NYSE:WU - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The credit services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $983.60 million for the quarter, compared to analyst estimates of $1.01 billion. Western Union had a net margin of 22.08% and a return on equity of 77.19%. Western Union's revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. Equities research analysts expect that Western Union will post 1.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Western Union

Large investors have recently added to or reduced their stakes in the business. McIlrath & Eck LLC grew its holdings in Western Union by 1,487.6% during the 4th quarter. McIlrath & Eck LLC now owns 3,080 shares of the credit services provider's stock worth $33,000 after acquiring an additional 2,886 shares in the last quarter. UMB Bank n.a. grew its holdings in Western Union by 80.2% during the 1st quarter. UMB Bank n.a. now owns 3,264 shares of the credit services provider's stock worth $35,000 after acquiring an additional 1,453 shares in the last quarter. MCF Advisors LLC grew its holdings in Western Union by 464.3% during the 1st quarter. MCF Advisors LLC now owns 3,397 shares of the credit services provider's stock worth $36,000 after acquiring an additional 2,795 shares in the last quarter. Huntington National Bank grew its holdings in Western Union by 662.7% during the 4th quarter. Huntington National Bank now owns 3,722 shares of the credit services provider's stock worth $39,000 after acquiring an additional 3,234 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Western Union by 188.1% during the 1st quarter. GAMMA Investing LLC now owns 3,803 shares of the credit services provider's stock worth $40,000 after acquiring an additional 2,483 shares in the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.

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.