The Western Union Company (WU) was Downgraded by Barclays to ” Underweight” and the brokerage firm has set the Price Target at $20. Earlier the firm had a rating of “Equal Weight ” on the company shares. Barclays advised their investors in a research report released on Jul 7, 2016.
Many Wall Street Analysts have commented on The Western Union Company. Compass Point Initiated The Western Union Company on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $20.
On the company’s financial health, The Western Union Company reported $0.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.38. The company had revenue of $1297.70 million for the quarter, compared to analysts expectations of $1313.67 million. The company’s revenue was down -1.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.39 EPS.
The Western Union Company closed down -0.23 points or -1.19% at $19.13 with 24,89,463 shares getting traded on Tuesday. Post opening the session at $19.28, the shares hit an intraday low of $19.03 and an intraday high of $19.28 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Apr 21, 2016, Amintore Schenkel (Chief Acct. Officer) sold 28,816 shares at $20.13 per share price. According to the SEC, on Apr 12, 2016, Odilon Almeida (EVP & Pres, Americas & Europe) sold 2,014 shares at $19.58 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.