MoneyGram International Receives New Coverage from Analysts at Evercore Partners (MGI)
Equities researchers at Evercore Partners initiated coverage on shares of MoneyGram International (NYSE:MGI) in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm set an “equal weight” rating on the stock.
MGI has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of MoneyGram International (NYSE:MGI) from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, September 6th. They now have a $21.00 price target on the stock. Separately, analysts at JMP Securities raised their price target on shares of MoneyGram International (NYSE:MGI) from $22.00 to $27.00 in a research note to investors on Friday, July 26th.
One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $20.56.
Shares of MoneyGram International (NYSE:MGI) opened at 20.00 on Friday. MoneyGram International has a 52-week low of $11.00 and a 52-week high of $24.88. The stock’s 50-day moving average is $21.3 and its 200-day moving average is $19.70. The company’s market cap is $1.159 billion.
MoneyGram International (NYSE:MGI) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.01. The company had revenue of $365.10 million for the quarter, compared to the consensus estimate of $355.73 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts predict that MoneyGram International will post $1.27 earnings per share for the current fiscal year.
MoneyGram International, Inc (NYSE:MGI) is a global payment services company.
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