The Western Union Company (WU) was Initiated by Compass Point to “Neutral” and the brokerage firm has set the Price Target at $20. Compass Point advised their investors in a research report released on Apr 15, 2016.
Many Wall Street Analysts have commented on The Western Union Company. The Western Union Company was Downgraded by Macquarie to ” Neutral” on Feb 10, 2016. Shares were Reiterated by Deutsche Bank on Feb 10, 2016 to “Hold” and Lowered the Price Target to $ 19 from a previous price target of $20 .Shares were Reiterated by Compass Point on Feb 10, 2016 to “Neutral” and Lowered the Price Target to $ 18 from a previous price target of $20 .
On the company’s financial health, The Western Union Company reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.41. The company had revenue of $1380.00 million for the quarter, compared to analysts expectations of $1397.13 million. The company’s revenue was down -2.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.42 EPS.
The Western Union Company opened for trading at $19.71 and hit $19.92 on the upside on Monday, eventually ending the session at $19.72, with a gain of 0.61% or 0.12 points. The heightened volatility saw the trading volume jump to 49,08,031 shares. Company has a market cap of $9,898 M.
In a different news, on Apr 12, 2016, Odilon Almeida (EVP & Pres, Americas & Europe) sold 2,014 shares at $19.58 per share price. According to the SEC, on Mar 3, 2016, Amintore Schenkel (Chief Acct. Officer) sold 28,378 shares at $18.72 per share price. On Feb 18, 2016, Richard L Williams (EVP & Chief Human Res. Ofcr.) purchased 300 shares at $17.84 per share price, according to the Form-4 filing with the securities and exchange commission.
The Western Union Company (Western Union) is a global provider of money movement and payment services. The Company classifies its businesses into three: Consumer-to-Consumer Consumer-to-Business and Business Solutions. The Consumer-to-Consumer operating segment facilitates money transfers between two consumers primarily through a network of third-party agents. The Consumer-to-Business operating segment facilitates bill payments from consumers to businesses and other organizations including utilities auto finance companies mortgage servicers financial service providers government agencies and other businesses. The Consumer-to-Business payments services are available through a variety of services that include Speedpay Pago Facil and Western Union Payments. The Business Solutions operating segment facilitates payment and foreign exchange solutions primarily cross-border cross-currency transactions for small and medium size enterprises and other organizations and individuals.