Western Union (NYSE:WU – Get Free Report) had its price target cut by stock analysts at JPMorgan Chase & Co. from $8.00 to $7.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “underweight” rating on the credit services provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 17.35% from the company’s current price.
Other equities analysts also recently issued reports about the stock. Cantor Fitzgerald decreased their price target on shares of Western Union from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Tuesday, September 29th. Barclays dropped their price target on Western Union from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Friday, July 31st. Wolfe Research reiterated an “underperform” rating and set a $8.00 price objective on shares of Western Union in a research note on Friday, July 31st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $8.00 target price on shares of Western Union in a report on Friday, October 2nd. Finally, Monness Crespi & Hardt upgraded Western Union from a “sell” rating to a “neutral” rating in a report on Wednesday. Seven equities research analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $7.18.
View Our Latest Stock Report on Western Union
Western Union Price Performance
Western Union (NYSE:WU – Get Free Report) last released its earnings results on Thursday, July 30th. The credit services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.11). Western Union had a net margin of 9.79% and a return on equity of 50.89%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted $0.37 EPS. The company’s revenue was down 1.3% on a year-over-year basis. Western Union has set its FY 2026 guidance at 1.250-1.350 EPS. As a group, research analysts predict that Western Union will post 1.28 earnings per share for the current year.
Hedge Funds Weigh In On Western Union
Several institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its position in Western Union by 43.5% during the first quarter. Bank of America Corp DE now owns 3,838,382 shares of the credit services provider’s stock valued at $33,509,000 after acquiring an additional 1,163,577 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Western Union during the 2nd quarter worth approximately $241,806,000. Bessemer Group Inc. boosted its position in shares of Western Union by 52.6% during the 1st quarter. Bessemer Group Inc. now owns 520,779 shares of the credit services provider’s stock valued at $4,547,000 after acquiring an additional 179,423 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Western Union in the second quarter valued at approximately $11,248,000. Finally, Engineers Gate Manager LP lifted its position in Western Union by 467.6% in the second quarter. Engineers Gate Manager LP now owns 1,699,841 shares of the credit services provider’s stock valued at $13,089,000 after buying an additional 1,400,369 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.
About Western Union
Western Union Company (NYSE: WU) is a global provider of money movement and payment services. The company enables consumers and businesses to send and receive money through digital platforms, retail locations and account-based services. Its offerings include domestic and international money transfers, bill payments, money orders and related payment solutions.
Western Union serves customers across a broad international network spanning more than 200 countries and territories. Consumers can access its services through the Western Union website and mobile application, as well as through a network of agent locations and other retail partners.
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