StockNews.com equity analysts started covering shares of Western Union on Thursday, and they announced their coverage in a research note sent out to investors.
The stock of the credit services company was given the “hold” recommendation by the brokerage, which stands for “do not sell.”
On February 7th, shareholders of Western Union (NYSE: W.U.) were given access to the company’s most recent quarterly earnings report.
Analysts in the credit services industry predicted that the company would earn $0.35 per share for the quarter, but the company earned $0.32 per share, which is a difference of $0.03. Western Union had a return on equity of 151.54 percent, while the net margin for the company was 20.35 percent.
The revenue for the quarter came in at $1.09 billion, which was significantly higher than the analysts’ projection of $1.07 billion for the amount of money that would be brought in during the period.
The company reported a profit of $0.64 per share for the quarter, comparable to what it achieved during the same period the year before.
The company’s revenue dropped by 15.0% when measured against what it was during the same quarter the year before.
The equity research analysts anticipate that Western Union will have $1.59 per share earnings for the current fiscal year.
The NYSE WU started trading at $10.77 when the market opened on Thursday morning.
The price of the stock’s moving average over the past 50 days is $13.52; over the past 200 days, it has been $13.81.
The average over the past 50 days is $13.52; over the past 200 days, it has been $13.81.
The debt-to-equity ratio was calculated to be 5.48, the current ratio was calculated to be 1.02, and the quick ratio was also calculated to be 1.02.
The stock has a beta value of 0.87, and the company’s quarterly earnings price per share is $4.60.
The value of the stock on the market is approximately $4.02 billion. Western Union experienced its all-time lowest price of $10.07 and its all-time highest price of $19.97 over the past year.
A number of additional analysts have offered their opinions on the stock, and they have all provided their commentary. Goldman Sachs Group lowered their price objective on shares of Western Union and changed their company rating from “hold” to “sell” in a research report published on Monday, January 9th.
In addition, they changed their recommendation for Western Union from “hold” to “sell.” Barclays lowered their price objective on Western Union stock from $13.00 down to $10.00, and they also changed their rating for the company from “underweight” to “equal weight.” In a research note published on Monday, all of these alterations were brought to the general public’s attention. Seven market analysts advise investors to sell their company shares, while the other seven believe investors should hold on to their existing holdings.
According to Bloomberg.com, the current rating for the stock is “Hold,” and market analysts anticipate that the stock price will rise to $14.23 in the not-too-distant future.
Recently, hedge funds have adjusted how they hold onto the shares.
During the third quarter, MV Capital Management INC made a 46.8 percentage point increase in the Western Union stock it owned.
MV Capital Management INC now has 1,929 shares of the credit services provider’s stock, valued at $26,000, after purchasing an additional 1,585 shares throughout the most recent period.
These shares were purchased for a total of $2,500. Riverview Trust Company was able to amass an impressive 89.4 percentage point increase in its holdings of Western Union during the third quarter.
After making additional purchases during the period, Riverview Trust Company now owns 1,941 shares of the credit services provider’s stock, valued at $26,000.
These shares were acquired during the period.
The value of Lazard Asset Management LLC’s holdings in Western Union increased by 7,000.0% during the third quarter.
After making an additional purchase of 2,170 shares during the most recent period, Lazard Asset Management LLC now possesses 2,201 shares of the credit services provider’s stock, currently valued at $29,000.
These shares were acquired due to the company’s decision to purchase additional shares during the most recent period.
During the final three months of 2018, Y.D.
More Investments Ltd spent nearly $31,000 to acquire an additional interest in Western Union.
The Ronald Blue Trust INC brought its total holdings in Western Union to a value that was 157.6% higher at the end of the fourth quarter, making this the final and most important point. Ronald Blue Trust INC now has 2,540 shares of the company’s stock, with a market cap of $34,000.
This results from purchasing an additional 1,554 shares during the relevant period.
Institutional investors and hedge funds collectively hold 97.66% of the total number of shares in the company.
The Western Union Company is a holding company that offers various services relating to sending and receiving payments and money transfers.
It separates its business activities into three distinct divisions: consumer-to-consumer, business solutions, and other operations.
Individual customers now have an easier time sending and receiving monetary payments thanks to the growth of the consumer-to-consumer market. Small and medium-sized businesses, other organizations, and individual customers can benefit from the payment and foreign exchange solutions offered by the Business Solutions section, as well as the section’s capacity to facilitate cross-border and cross-currency transactions.