In a report issued on May 4, Bryan Keane from Deutsche Bank maintained a Hold rating on Western Union (WU), with a price target of $25.00. The company’s shares closed last Thursday at $24.94.
According to TipRanks.com, Keane is a 5-star analyst with an average return of 23.3% and a 76.5% success rate. Keane covers the Technology sector, focusing on stocks such as DXC Technology Company, Affirm Holdings, and Paypal Holdings.
Western Union has an analyst consensus of Hold, with a price target consensus of $26.18, a 4.7% upside from current levels. In a report released yesterday, Citigroup also maintained a Hold rating on the stock with a $27.00 price target.
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Based on Western Union’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.27 billion and net profit of $177 million. In comparison, last year the company earned revenue of $1.31 billion and had a net profit of $135 million.
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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.
