MoneyGram International Receives Neutral Rating from Zacks (MGI)
MoneyGram International (NYSE:MGI)‘s stock had its “neutral” rating restated by Zacks in a report issued on Thursday, American Banking and Market News reports. They currently have a $19.00 target price on the stock. Zacks‘ price target would indicate a potential upside of 2.32% from the stock’s previous close.
MGI has been the subject of a number of other recent research reports. Analysts at Piper Jaffray downgraded shares of MoneyGram International from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $20.00 price target on the stock, down previously from $23.00. Analysts at Compass Point raised their price target on shares of MoneyGram International from $23.00 to $25.00 in a research note to investors on Thursday, October 24th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. MoneyGram International currently has an average rating of “Hold” and a consensus target price of $22.00.
MoneyGram International (NYSE:MGI) traded down 1.02% on Thursday, hitting $18.38. 136,406 shares of the company’s stock traded hands. MoneyGram International has a 52 week low of $13.60 and a 52 week high of $24.88. The stock has a 50-day moving average of $20.45 and a 200-day moving average of $20.86. The company has a market cap of $1.065 billion and a price-to-earnings ratio of 27.31.
MoneyGram International (NYSE:MGI) last released its earnings data on Thursday, October 24th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Analysts expect that MoneyGram International will post $1.28 EPS for the current fiscal year.
MoneyGram International, Inc (NYSE:MGI) is a global payment services company.
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