Moneygram International Upgraded to “Neutral” by Zacks (MGI)
Moneygram International (NYSE:MGI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Thursday. The firm currently has a $15.00 price objective on the stock. Zacks‘s price target suggests a potential upside of 8.23% from the company’s current price.
Shares of Moneygram International (NYSE:MGI) traded down 0.65% during mid-day trading on Thursday, hitting $13.86. 215,741 shares of the company’s stock traded hands. Moneygram International has a 52 week low of $12.45 and a 52 week high of $24.88. The stock’s 50-day moving average is $13.32 and its 200-day moving average is $17.48. The company has a market cap of $756.5 million and a price-to-earnings ratio of 9.64.
Moneygram International (NYSE:MGI) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $374.90 million for the quarter, compared to the consensus estimate of $371.96 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts expect that Moneygram International will post $1.38 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Evercore Partners cut their price target on shares of Moneygram International from $20.00 to $14.00 in a research note on Thursday, May 1st. Separately, analysts at Bank of America reiterated a “buy” rating on shares of Moneygram International in a research note on Monday, April 21st. They now have a $19.00 price target on the stock. Finally, analysts at JMP Securities downgraded shares of Moneygram International from an “outperform” rating to a “market perform” rating in a research note on Monday, April 21st. They now have a $25.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Moneygram International currently has a consensus rating of “Hold” and a consensus target price of $19.67.
MoneyGram International, Inc (NYSE:MGI) is a global payment services company.
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