Moneygram International EVP Grant A. Lines Acquires 5,000 Shares (MGI)
Moneygram International (NYSE:MGI) EVP Grant A. Lines bought 5,000 shares of Moneygram International stock in a transaction dated Friday, August 29th. The stock was purchased at an average price of $14.00 per share, with a total value of $70,000.00. Following the completion of the acquisition, the executive vice president now directly owns 74,261 shares in the company, valued at approximately $1,039,654. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Moneygram International (NYSE:MGI) traded up 0.07% on Wednesday, hitting $13.95. 715,410 shares of the company’s stock traded hands. Moneygram International has a 52 week low of $12.45 and a 52 week high of $21.95. The stock has a 50-day moving average of $14.2 and a 200-day moving average of $15.35. The company has a market cap of $761.7 million and a price-to-earnings ratio of 8.82.
Moneygram International (NYSE:MGI) last released its earnings data 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 $1.35 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on MGI shares. Analysts at Zacks reiterated a “neutral” rating on shares of Moneygram International in a research note on Tuesday, August 5th. They now have a $14.00 price target on the stock. Separately, 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. Finally, 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 assigned a buy rating to the company. Moneygram International currently has a consensus rating of “Hold” and a consensus target price of $18.75.
MoneyGram International, Inc (NYSE:MGI) is a global payment services company.
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