Western Union Company (The) (WU): Price Target and June Short Interest Disclosure

Western Union Company (The) (WU) : The consensus price target for Western Union Company (The) (WU) is $18.71 for the short term with a standard deviation of $2.4. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $24, however, the pessimist price target for the company is $15.

Western Union Company (The) (WU) has shown a drop of 3.9% or 2,440,836 shares in the short positions. The bets have increased to 60,688,340 shares on June 30,2016 from 63,129,176 shares on June 15,2016. With respect to the floated shares, the shorts are 12.4%. The days to cover are calculated to be 15, using the standard per day volume of 4,011,620 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In the latest statement by the brokerage house, Barclays downgrades its outlook on Western Union Company (The) (NYSE:WU). The current rating of the shares is Underweight, according to the research report released by the firm. Previously, the company had a rating of Equal-weight. The brokerage firm maintains the price target at $20 per share. The rating by the firm was issued on July 7, 2016.


Western Union Company (The) (NYSE:WU): stock turned positive on Thursday. Though the stock opened at $20.07, the bulls momentum made the stock top out at $20.12 level for the day. The stock recorded a low of $19.965 and closed the trading day at $20.04, in the green by 0.75%. The total traded volume for the day was 1,926,279. The stock had closed at $19.89 in the previous days trading.

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.

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