Western Union (NYSE:WU) Upgraded at Monness Crespi & Hardt

Western Union (NYSE:WU) was upgraded by Monness Crespi & Hardt from a “sell” rating to a “neutral” rating in a research note issued to investors on Wednesday, Briefing.com reports.

WU has been the topic of a number of other reports. New Street Research reiterated a “reduce” rating on shares of Western Union in a research note on Thursday, August 13th. Cantor Fitzgerald dropped their target price on shares of Western Union from $7.00 to $6.00 and set an “underweight” rating for the company in a research report on Tuesday, September 29th. Citigroup restated a “neutral” rating on shares of Western Union in a research note on Thursday, September 24th. Barclays cut their target price on shares of Western Union from $7.00 to $6.00 and set an “underweight” rating on the stock in a research note on Friday, July 31st. Finally, Wolfe Research reaffirmed an “underperform” rating and set a $8.00 price target on shares of Western Union in a research report on Friday, July 31st. Seven investment analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat.com, Western Union has an average rating of “Reduce” and a consensus price target of $7.36.

Western Union Price Performance

WU stock opened at $6.09 on Wednesday. The stock’s 50 day moving average is $6.76 and its two-hundred day moving average is $7.73. Western Union has a 52-week low of $5.87 and a 52-week high of $10.35. The company has a market capitalization of $1.90 billion, a PE ratio of 4.13 and a beta of 0.51. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.95.

Western Union (NYSE:WU) last released its earnings results on Thursday, July 30th. The credit services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.11). Western Union had a net margin of 9.79% and a return on equity of 50.89%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company posted $0.37 earnings per share. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. Western Union has set its FY 2026 guidance at 1.250-1.350 EPS. Analysts predict that Western Union will post 1.28 earnings per share for the current fiscal year.

Institutional Trading of Western Union

Several institutional investors have recently added to or reduced their stakes in the business. Wedmont Private Capital bought a new position in shares of Western Union in the 3rd quarter worth about $73,000. Avidian Wealth Enterprises LLC acquired a new position in shares of Western Union in the 3rd quarter valued at about $59,000. Miramontes Capital LLC grew its position in shares of Western Union by 99.8% during the 2nd quarter. Miramontes Capital LLC now owns 95,436 shares of the credit services provider’s stock valued at $735,000 after buying an additional 47,667 shares during the last quarter. Engineers Gate Manager LP grew its position in shares of Western Union by 467.6% during the 2nd 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. Finally, Nykredit A S acquired a new stake in Western Union during the second quarter worth about $51,000. 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.