Janney Montgomery Scott Analysts Initiate Coverage on The Western Union Company (WU)
Friday, July 08, 2021 1:40 PM

Equities research analysts at Janney Montgomery Scott initiated coverage on shares of The Western Union Company (NYSE: WU) in a research note to investors on Friday. The analysts set a "buy" rating on the stock.

Separately, analysts at Jefferies reiterated a "buy" rating on shares of The Western Union Company in a research note to investors on Thursday. Also, analysts at Piper Jaffray (NYSE: PJC) reiterated an "overweight" rating on shares of The Western Union Company in a research note to investors on Wednesday.

Shares of The Western Union Company traded up 0.46% during mid-day trading on Monday, hitting $19.77. The Western Union Company has a 52 week low of $15.14 and a 52 week high of $22.03. The stock's 50-day moving average is $19.97 and its 200-day moving average is $20.4. The company has a market cap of $12.500 billion and a price-to-earnings ratio of 14.24.

The Western Union Company last announced its quarterly results on Tuesday, April 26th. The company reported $0.35 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.34 EPS by $0.01. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 4.10% on a year-over-year basis. On average, analysts predict that The Western Union Company will post $0.40 EPS next quarter.

The Western Union Company (Western Union) is engaged in money transfer and payment services. The Company’s services are available through a network of over 410,000 agent locations in more than 200 countries and territories, with approximately 85% of those locations outside of the United States. As of December 31, 2009, over 75% of its locations had experienced money transfer activity in the prior 12 months. Western Union operates in two segments: consumer-to-consumer and global business payments. Its other businesses not included in these segments primarily consist of Western Union branded money order services available through a network of third-party agents primarily in the United States and Canada. On September 1, 2009, the Company acquired Custom House, Ltd. (Custom House), a provider of international business-to-business cross-border, cross-currency payment services. On February 24, 2009, it acquired the money transfer business of FEXCO Group Holdings (FEXCO Group).

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