Western Union Co (NYSE:WU) close to 52-week high, short interest down

Western Union Co (NYSE:WU) (TREND ANALYSIS) shares were traded with no significant volume change. The stock closed last trading session at $22.48, up by 0.27%, with a volume of 6,703,473 shares against an average volume for the last 3 months of 6,631,190.

Stock Performance: Click here for a free comprehensive Trend Analysis Report

Western Union Co (NYSE:WU) is currently trading 1.58% below its 52-week-high, 46.74% above its 52-week-low. The 1-year range for the stock is $15.32 – $22.84. Western Union Co (WU) has a price to earnings ratio of 13.95 versus Financial sector average of 27.72. WU stock price has outperformed the S&P 500 by 22.9%. The Commercial Services company is currently valued at $11.61 billion and its share price closed the last trading session at $22.48. The stock has a 50-day moving average of $21.06 and a 200-day moving average of $19.06.

Western Union Co (WU) current short interest stands at 76.06 million shares. It has decreased by 4% from the same period of last month. Around 15% of the company’s shares, which are float, are short sold. With a 10-days average volume of 6.22 million shares, the number of days required to cover the short positions stand at 12.3 days.

WU reported last quarter earnings on April 30. The Commercial Services company announced earnings per share of $0.39 against a consensus Street estimate of $0.38, beating the average estimate by $0.01. This corresponds to an increase of $0.07 compared to the same quarter of the previous fiscal year.

Is this a Buying Opportunity? Click here for a free Trend Analysis Report

There are currently thirty analysts that cover WU stock. Of those thirty, six have a Buy rating, sixteen have a Hold rating and eight have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $20.09.

A recent analyst activity consisted of CLSA who initiated their coverage on the stock with Sell rating on May 20. CLSA fixed their price target at $16. This corresponds to a 28.83% downside from the last closing price. On the date of report, the stock closed at $22.48.

Another research firm was Susquehanna who downgraded their Positive rating to Neutral on April 6. On the date of report, the stock closed at $20.24.

Company profile

The Western Union Company offers global money transfer services. The Company offers consumer to consumer money transfer and bill paying services, and sells money orders.

Western Union Co (NYSE:WU) close to 52-week high, short interest down was last modified: May 21st, 2015 by Jason Seligman