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BTIG Sticks to Their Buy Rating for Western Union

BTIG analyst Mark Palmer reiterated a Buy rating on Western Union (NYSE:WU) on Tuesday, setting a price target of $28, which is approximately 51.19% above the present share price of $18.52.

Palmer expects Western Union to post earnings per share (EPS) of $0.32 for the second quarter of 2020.

The current consensus among 12 TipRanks analysts is for a Hold rating of shares in Western Union, with an average price target of $21.5.
The analysts price targets range from a high of $28 to a low of $15.

In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $1.31 billion and a net profit of $226.5 million. The company's market cap is $7.74 billion.

According to TipRanks.com, BTIG analyst Mark Palmer is a 5-star analyst with an average return of 14.0% and a 67.8% success rate.

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.