Texas (August 26, 2013) Wax Ink has issued a No Investment Interest opinion for The Western Union Company (NYSE: WU) based on a recent baseline equity review which placed fair value between $20-$24.
The recent close of $18.30 is approximately 52% above the fair value buy target for the stock and approximately 26% below the fair value close target for the stock. The recent close is also 4% below analysts' twelve-month $19.00 median price target for the stock.
The recent close represents a 5% increase in the year over year price of the stock, while for the same period sales increased 3%, earnings increased 2%, and debt decreased 5%.
The stock currently has a trailing twelve-month PE Ratio of 9, and a PEG Ratio of 1.5 basis estimated forward earnings growth of 6%.
In the past 52 weeks, share prices have moved between a high of $19.14 and a low of $11.93, placing equilibrium at $16.35.
Basis the recent close, the stock is trading 5% below the 52 week high, 35% above the 52 week low, and 11% above equilibrium.
The three-month average daily trading volume for the stock is approximately 5.7 million shares.
The Western Union Company provides money movement and payment services worldwide. The company's listed competitors include American Express Company, Moneygram International, Inc.and PayPal, Inc.
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012.
All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.