Zacks Reiterates “Neutral” Rating for Moneygram International (MGI)
Moneygram International (NYSE:MGI)‘s stock had its “neutral” rating restated by Zacks in a research report issued to clients and investors on Tuesday. They currently have a $14.00 price target on the stock. Zacks‘s price objective suggests a potential upside of 0.72% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.75.
Moneygram International (NYSE:MGI) traded up 1.68% during mid-day trading on Tuesday, hitting $13.93. The stock had a trading volume of 370,687 shares. Moneygram International has a one year low of $12.45 and a one year high of $23.00. The stock’s 50-day moving average is $14.3 and its 200-day moving average is $15.99. The company has a market cap of $760.6 million and a price-to-earnings ratio of 8.67.
Moneygram International (NYSE:MGI) last announced its earnings results on Friday, August 1st. The company reported $0.28 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts predict that Moneygram International will post $1.35 earnings per share for the current fiscal year.
MoneyGram International, Inc (NYSE:MGI) is a global payment services company.
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