BTIG analyst Mark Palmer reiterated a Buy rating on Western Union (NYSE:WU) on Thursday, setting a price target of $28, which is approximately 38.20% above the present share price of $20.26.
Palmer expects Western Union to post earnings per share (EPS) of $0.39 for the fourth quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Hold rating of shares in Western Union, with an average price target of $25.
The analysts price targets range from a high of $28 to a low of $21.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.11 billion and a net profit of $221.8 million. The company's market cap is $9.03 billion.
According to TipRanks.com, BTIG analyst Mark Palmer is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.2% and a 66.25% 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.