Cantor Fitzgerald Cuts Western Union (NYSE:WU) Price Target to $7.00

Western Union (NYSE:WU) had its target price dropped by stock analysts at Cantor Fitzgerald from $8.00 to $7.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “underweight” rating on the credit services provider’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 10.15% from the stock’s current price.

A number of other research firms also recently weighed in on WU. Monness Crespi & Hardt reiterated a “sell” rating and set a $6.00 price target on shares of Western Union in a research note on Friday. Weiss Ratings downgraded Western Union from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, June 5th. Susquehanna decreased their price target on shares of Western Union from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Friday. Royal Bank Of Canada dropped their target price on shares of Western Union from $9.00 to $8.00 and set a “sector perform” rating on the stock in a report on Friday. Finally, Morgan Stanley cut their price objective on shares of Western Union from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Friday. Six equities research analysts have rated the stock with a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Strong Sell” and an average target price of $7.68.

Western Union Price Performance

WU opened at $6.36 on Monday. The stock has a fifty day moving average of $7.80 and a 200-day moving average of $8.74. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.95. The firm has a market capitalization of $1.98 billion, a P/E ratio of 5.17, a PEG ratio of 1.09 and a beta of 0.48. Western Union has a 12-month low of $6.27 and a 12-month high of $10.35.

Western Union (NYSE:WU) last issued its earnings results on Thursday, July 30th. The credit services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.11). The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Western Union had a return on equity of 50.89% and a net margin of 9.79%.During the same period in the previous year, the company earned $0.37 earnings per share. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. Western Union has set its FY 2026 guidance at 1.250-1.350 EPS. Equities analysts forecast that Western Union will post 1.3 EPS for the current fiscal year.

Institutional Trading of Western Union

Several hedge funds have recently added to or reduced their stakes in WU. Goldman Sachs Group Inc. raised its position in Western Union by 401.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 7,604,026 shares of the credit services provider’s stock valued at $70,793,000 after purchasing an additional 6,087,613 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in Western Union by 821.1% in the second quarter. Qube Research & Technologies Ltd now owns 4,170,343 shares of the credit services provider’s stock worth $35,114,000 after purchasing an additional 3,717,589 shares during the period. Marshall Wace LLP lifted its position in Western Union by 3,370.2% in the 4th quarter. Marshall Wace LLP now owns 3,740,849 shares of the credit services provider’s stock valued at $34,827,000 after acquiring an additional 3,633,049 shares in the last quarter. UBS Group AG raised its stake in Western Union by 128.4% during the 3rd quarter. UBS Group AG now owns 4,900,542 shares of the credit services provider’s stock valued at $39,155,000 after buying an additional 2,754,827 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of Western Union by 35.3% in the fourth quarter. Capital Research Global Investors now owns 10,407,960 shares of the credit services provider’s stock worth $96,898,000 after buying an additional 2,716,385 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

Western Union Company Profile

Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. The company enables individuals and businesses to send and receive money through a variety of channels, including its vast agent network, online platforms, and mobile applications. Core services include person-to-person money transfers, business-to-business cross-border payments, bill payment services and prepaid card programs.

Through its digital offerings, Western Union provides customers with the ability to initiate transfers via its website and mobile app, as well as track transactions in real time.