MoneyGram International Given New $25.00 Price Target at Compass Point (MGI)
Equities research analysts at Compass Point upped their target price on shares of MoneyGram International (NYSE:MGI) to $25.00 in a research note issued to investors on Thursday, AR Network reports. Compass Point’s price objective points to a potential upside of 26.33% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Evercore Partners initiated coverage on shares of MoneyGram International in a research note to investors on Friday, September 20th. They set an “equal weight” rating and a $22.00 price target on the stock. Separately, analysts at Zacks upgraded shares of MoneyGram International 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. Finally, analysts at JMP Securities raised their price target on shares of MoneyGram International from $22.00 to $27.00 in a research note to investors on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $20.94.
MoneyGram International (NYSE:MGI) traded up 7.12% during mid-day trading on Thursday, hitting $21.20. The stock had a trading volume of 136,590 shares. 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 $21.53 and its 200-day moving average is $19.59. The company’s market cap is $1.228 billion.
MoneyGram International (NYSE:MGI) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.31 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.34 by $0.03. The company had revenue of $383.00 million for the quarter, compared to the consensus estimate of $371.34 million. During the same quarter last year, the company posted $0.28 earnings per share. MoneyGram International’s revenue was up 13.1% compared to the same quarter last year. 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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