Western Union Gets a Buy Rating from BTIG


In a report released yesterday, Mark Palmer from BTIG reiterated a Buy rating on Western Union (NYSE: WU), with a price target of $23. The company’s shares closed yesterday at $19.91.

Palmer said:

“Continues as 1Q18 Adj. EPS Beat Defies Skeptics Again With the latest predictions of Western Union’s (WU) demise due to competitive threats still echoing, the company today after the market close once again demonstrated its resilience by delivering a solid 1Q18 adjusted earnings beat driven by year-over-year growth in its core consumer-to-consumer (C2C) business.”

According to TipRanks.com, Palmer is a 5-star analyst with an average return of 7.7% and a 58.0% success rate. Palmer covers the Financial sector, focusing on stocks such as Santander Consumer USA, Assured Guaranty Ltd, and Synchrony Financial.

Western Union has an analyst consensus of Moderate Buy, with a price target consensus of $21.

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The company has a one-year high of $22.21 and a one-year low of $18.38. Currently, Western Union has an average volume of 5.12M.

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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.

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