MoneyGram International Receives Neutral Rating from Zacks (MGI)
MoneyGram International (NYSE:MGI)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Thursday, AR Network reports. They currently have a $19.00 target price on the stock. Zacks‘ price objective would suggest a potential upside of 2.65% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at JMP Securities cut their price target on shares of MoneyGram International from $27.00 to $25.00 in a research note on Wednesday. Analysts at Piper Jaffray downgraded shares of MoneyGram International from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 7th. They now have a $20.00 price target on the stock, down previously from $23.00. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.71.
Shares of MoneyGram International (NYSE:MGI) traded up 1.56% on Thursday, hitting $18.85. The stock had a trading volume of 37,351 shares. MoneyGram International has a 52 week low of $15.71 and a 52 week high of $24.88. The stock has a 50-day moving average of $18.95 and a 200-day moving average of $20.25. The company has a market cap of $1.093 billion and a P/E ratio of 25.42.
MoneyGram International (NYSE:MGI) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.04. The company had revenue of $385.80 million for the quarter, compared to the consensus estimate of $389.34 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts predict that MoneyGram International will post $1.39 earnings per share for the current fiscal year.
MoneyGram International, Inc (NYSE:MGI) is a global payment services company.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.