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JMP Securities Sticks to Its Hold Rating for Western Union (WU)

In a report released on August 5, David Scharf from JMP Securities maintained a Hold rating on Western Union (WUResearch Report). The company’s shares closed last Friday at $16.37.

According to TipRanks, Scharf is a 5-star analyst with an average return of 14.1% and a 53.21% success rate. Scharf covers the Financial sector, focusing on stocks such as Atlanticus Holdings, Encore Capital, and Synchrony Financial.

Currently, the analyst consensus on Western Union is a Moderate Sell with an average price target of $17.90, implying a 9.35% upside from current levels. In a report released on August 4, Deutsche Bank also maintained a Hold rating on the stock with a $18.00 price target.

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The company has a one-year high of $22.80 and a one-year low of $15.30. Currently, Western Union has an average volume of 3.44M.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WU in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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