Moneygram International Given Consensus Recommendation of “Hold” by Brokerages (NYSE:MGI)
Shares of Moneygram International (NYSE:MGI) have received a consensus rating of “Hold” from the eight ratings firms that are covering the company, AR Network reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $18.88.
A number of research firms have recently commented on MGI. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Moneygram International in a research note on Tuesday, July 29th. They now have a $15.00 price target on the stock, up previously from $14.00. Separately, analysts at First Analysis initiated coverage on shares of Moneygram International in a research note on Thursday, July 10th. They set an “overweight” rating and a $18.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Moneygram International from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 12th. They now have a $15.00 price target on the stock.
Moneygram International (NYSE:MGI) opened at 14.38 on Wednesday. Moneygram International has a 52 week low of $12.45 and a 52 week high of $23.00. The stock’s 50-day moving average is $14.38 and its 200-day moving average is $16.06. The company has a market cap of $784.9 million and a price-to-earnings ratio of 9.99.
Moneygram International (NYSE:MGI) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.28 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.33 by $0.05. The company had revenue of $328.30 million for the quarter, compared to the consensus estimate of $371.57 million. During the same quarter last year, the company posted $0.32 earnings per share. Moneygram International’s revenue was up 2.0% compared to the same quarter last year. On average, analysts predict that Moneygram International will post $1.37 earnings per share for the current fiscal year.
MoneyGram International, Inc (NYSE:MGI) is a global payment services company.
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