Western Union Receives a Hold from Oppenheimer

By Austin Angelo

In a report released yesterday, Glenn Greene from Oppenheimer assigned a Hold rating to Western Union (NYSE: WU). The company’s shares closed yesterday at $19.74.

According to TipRanks.com, Greene is a top 25 analyst with an average return of 18.6% and a 77.9% success rate. Greene covers the Technology sector, focusing on stocks such as Black Knight Financial Services, Automatic Data Processing, and Jack Henry & Associates.

Western Union has an analyst consensus of Moderate Sell, with a price target consensus of $18.25.

The company has a one year high of $21.80 and a one year low of $16.02. Currently, Western Union has an average volume of 3.56M.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Betsy Holden, a Director at WU sold 21,281 shares for a total of $447,114.

The Western Union Co. provides global money movement and payment services, providing people and businesses with fast, reliable and convenient ways to send money and make payments around the world. The company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Consumer-to-Consumer segment provides money transfer services between consumers, primarily through a global network of third-party agents using it multi-currency, real-time money transfer processing systems. This service is available for international cross-border transfers that is, the transfer of funds from one country to another and, in certain countries; intra-country transfers that is, money transfers from one location to another in the same country. The Consumer-to- Business segment provides consumers with flexible and convenient options for making one-time or recurring payments. It consists of U.S. bill payments, Pago Fácil, and international bill payments. The Business Solutions segment facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. The Western Union was founded in 1851 and is headquartered in Englewood, CO.