In a report released on February 22, Jason Kupferberg from Bank of America Securities maintained a Sell rating on Western Union (WU – Research Report), with a price target of $12.00. The company’s shares closed yesterday at $12.96.
Kupferberg covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Toast Inc, and Accenture. According to TipRanks, Kupferberg has an average return of 2.4% and a 56.97% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Western Union with a $13.71 average price target, a 5.79% upside from current levels. In a report released on February 12, Barclays also maintained a Sell rating on the stock with a $11.00 price target.
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WU market cap is currently $4.72B and has a P/E ratio of 7.69.
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Western Union (WU) Company Description:
The Western Union Co. is a holding company, which engages in the provision of money transfer and payment services. It operates through the following segments: Consumer-to-Consumer; Business Solutions; and Other. The Consumer-to-Consumer segment facilitates money transfers between two consumers. The Business Solutions segment offers payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. The Other segment comprises electronic-based and cash-based bill payment services. The company was founded in 1851 and is headquartered in Denver, CO.
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