The Western Union Company (NYSE:WU) was reduced by stock-investment analysts at Barclays (NYSE:BCS) to an “underweight” rating from an “overweight” rating in a research note sent to investors yesterday. They currently maintain a $12.00 PT on the stock. Three other brokerages have also changed their view on the stock and all this happened after the company reduced forecast on rising competition. Equity research analysts at Jefferies Group, Inc. (NYSE:JEF) reduced shares of the world’s biggest money-transfer business to a “hold” rating in a research note sent to clients on Thursday.
Separately, analysts at Goldman Sachs Group, Inc. (NYSE:GS) reduced shares of WU to a “neutral” rating from a “buy” rating in a research note to investors on the same day. They currently have a $14.00 PT on the stock. Finally, stock-investment analysts at First Analysis lowered shares of WU to an “equal weight” rating from an “overweight” rating in a research note issued on Thursday.
Latest closing price and its Comparison with some technical indicators
The stock closed at $12.27, down -0.46 points or -3.62% from previous close and at a distance of -31.27% from 20-day simple moving average. In the last trading session, the stock’s price moved -29.84% below its 200 day moving average, changing hands as low as $12.25 per share. The stock is currently trading -31.71% down its SMA 50.
Find out whether the stock is performing well?
The percentage change in the price over the past fifty two weeks remained at -29.32%. The price range in the same period had a highest hit of $19.82 on Feb 07, 2012 while lowest level during that period was $12.25 on Nov 01, 2012. The 1-year target price estimate, which is the median price target, as set by analysts covering the stock is $20.50. The stock in last 12 months dropped -28.25% and has slid -31.64% since the beginning of this year.
How this stock generally moves along with the stock market?
This stock is more risky when compared to the shifts in the equity markets as its beta value is standing at 1.39. To measure price-variation, we found this stock’s volatility over a week period was 6.22% and for the month was 2.62%.
What analysts think about this stock?
The analyst mean recommendation for this week has been changed to 2.4 from 2.2 in the last week. The price target of $14.00 was the lowest while the highest price target was set as $26.00, according to 22 analysts surveyed by Thomson Reuters.