In a report released today, Mark Palmer from BTIG reiterated a Buy rating on Western Union (WU), with a price target of $28.00. The company’s shares closed last Monday at $21.70.
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 16.4% and a 67.9% success rate. Palmer covers the Financial sector, focusing on stocks such as International Money Express, Genworth Financial, and Oportun Financial.
The word on The Street in general, suggests a Hold analyst consensus rating for Western Union with a $24.75 average price target.
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The company has a one-year high of $28.45 and a one-year low of $17.39. Currently, Western Union has an average volume of 4.25M.
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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. 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.
