Research analysts at Credit Suisse (NYSE: CS) initiated coverage on shares of The Western Union Company (NYSE: WU) in a report issued on Monday. They set a “neutral” rating and a $21.00 price target on the stock.
Separately, analysts at Zacks Investment Research reiterated an “outperform” rating on shares of The Western Union Company in a research note to investors on Monday, January 16th. They now have a $23.00 price target on the stock. Analysts at Goldman Sachs (NYSE: GS) reiterated a “neutral” rating on shares of The Western Union Company in a research note to investors on Wednesday, January 11st. Also, analysts at Wells Fargo & Co. (NYSE: WFC) reiterated an “outperform” rating on shares of The Western Union Company in a research note to investors on Friday, December 30th.
The Western Union Company is engaged in money movement and payment services. Western Union services are available through a global network of more than 445,000 agent locations in more than 200 countries and territories, with approximately 85% of those locations outside of the United States. As of December 31, 2010, approximately 75% of its locations had experienced money transfer activity in the prior 12 months. Its business payments service provides consumers and businesses with options for making one-time or recurring bill payments. Its segments are 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. In August 2011, it formed Western Union Venture. In October 2011, it acquired Finint S.r.l.
The Western Union Company traded down 0.57% on Monday, hitting $19.0501. The Western Union Company has a 1-year low of $14.55 and a 1-year high of $22.03. The stock has a 50-day moving average of $18.43 and a 200-day moving average of $17.3. The company has a market cap of $11.795 billion and a price-to-earnings ratio of 12.85.