Susquehanna Downgrades The Western Union Company to Negative

Brokerage firm Susquehanna Downgrades its rating on The Western Union Company(NYSE:WU). The shares have been rated Negative. Previously, the analysts had a Neutral rating on the shares. The rating by Susquehanna was issued on Sep 19, 2016.

In a different note, On Sep 8, 2016, Monness Crespi Hardt said it Downgrades its rating on The Western Union Company. The shares have been rated ‘Neutral’ by the firm. On Aug 5, 2016, Citigroup said it Maintains its rating on The Western Union Company. In the research note, the firm Raises the price-target to $15.50 per share. The shares have been rated ‘Sell’ by the firm. On Aug 5, 2016, Jefferies said it Maintains its rating on The Western Union Company. In the research note, the firm Raises the price-target to $18.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 4, 2016, Barclays said it Maintains its rating on The Western Union Company. In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Underweight’ by the firm. On Aug 4, 2016, Citigroup said it Maintains its rating on The Western Union Company. In the research note, the firm Raises the price-target to $15.50 per share. The shares have been rated ‘Sell’ by the firm. On Jul 7, 2016, Barclays said it Downgrades its rating on The Western Union Company. The shares have been rated ‘Underweight’ by the firm.

The Western Union Company (WU) made into the market gainers list on Thursdays trading session with the shares advancing 0.64% or 0.13 points. Due to strong positive momentum, the stock ended at $20.32, which is also near the day’s high of $20.3899. The stock began the session at $20.29 and the volume stood at 27,88,559 shares. The 52-week high of the shares is $21.8 and the 52 week low is $16.02. The company has a current market capitalization of $9,911 M and it has 48,77,33,530 shares in outstanding.

The Western Union Company(WU) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.38B. Analysts had an estimated revenue of $1.38B. Earnings per share were $0.44. Analysts had estimated an EPS of $0.40.

Several Insider Transactions has been reported to the SEC. On Aug 31, 2016, Rajesh K. Agrawal (EVP & CFO) sold 9,263 shares at $21.50 per share price.Also, On Aug 31, 2016, Odilon Almeida (EVP & Pres, Americas & Europe) sold 18,064 shares at $21.57 per share price.On Aug 25, 2016, Hikmet Ersek (President and CEO) sold 276,127 shares at $21.50 per share price, according to the Form-4 filing with the securities and exchange commission.

The Western Union Company (Western Union) is a global provider of money movement and payment services. The Company classifies its businesses into three: Consumer-to-Consumer Consumer-to-Business and Business Solutions. The Consumer-to-Consumer operating segment facilitates money transfers between two consumers primarily through a network of third-party agents. The Consumer-to-Business operating segment facilitates bill payments from consumers to businesses and other organizations including utilities auto finance companies mortgage servicers financial service providers government agencies and other businesses. The Consumer-to-Business payments services are available through a variety of services that include Speedpay Pago Facil and Western Union Payments. The Business Solutions operating segment facilitates payment and foreign exchange solutions primarily cross-border cross-currency transactions for small and medium size enterprises and other organizations and individuals.

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