Moneygram International, Inc. (NASDAQ:MGI) has been given an average recommendation of “Hold” by the nine research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $14.46.

A number of equities research analysts have commented on the company. Northland Securities reissued a “hold” rating and issued a $17.39 price objective on shares of Moneygram International in a research note on Friday, June 30th. Morgan Stanley reissued an “equal weight” rating and issued a $18.00 price objective (up previously from $15.00) on shares of Moneygram International in a research note on Monday, June 19th. ValuEngine upgraded Moneygram International from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research lowered Moneygram International from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, Feltl & Co. lowered Moneygram International from a “hold” rating to a “sell” rating in a report on Monday, April 17th.

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Moneygram International (NASDAQ MGI) opened at 16.88 on Friday. Moneygram International has a 12 month low of $5.83 and a 12 month high of $17.92. The firm has a market capitalization of $912.14 million, a price-to-earnings ratio of 38.36 and a beta of 1.94. The company has a 50 day moving average price of $17.29 and a 200 day moving average price of $15.03.

Moneygram International (NASDAQ:MGI) last announced its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. Moneygram International had a negative return on equity of 12.41% and a net margin of 1.87%. The firm had revenue of $386.10 million during the quarter, compared to analysts’ expectations of $387.92 million. During the same quarter last year, the firm posted $0.17 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. Analysts anticipate that Moneygram International will post $1.05 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of MGI. American International Group Inc. raised its stake in shares of Moneygram International by 7.1% in the first quarter. American International Group Inc. now owns 18,227 shares of the financial services provider’s stock valued at $306,000 after buying an additional 1,208 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Moneygram International by 34.1% in the first quarter. Bank of America Corp DE now owns 7,918 shares of the financial services provider’s stock valued at $133,000 after buying an additional 2,015 shares during the period. Teachers Advisors LLC boosted its position in shares of Moneygram International by 7.4% in the first quarter. Teachers Advisors LLC now owns 58,782 shares of the financial services provider’s stock valued at $988,000 after buying an additional 4,043 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of Moneygram International by 3.8% in the first quarter. Parametric Portfolio Associates LLC now owns 134,909 shares of the financial services provider’s stock valued at $2,268,000 after buying an additional 4,929 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Moneygram International by 5.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 116,195 shares of the financial services provider’s stock valued at $1,954,000 after buying an additional 6,498 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

About Moneygram International

MoneyGram International, Inc (MoneyGram) is a global provider of money transfer services. The Company operates through two segments: Global Funds Transfer and Financial Paper Products. The Company offers its services under the MoneyGram brand. The Company’s Global Funds Transfer Segment provides money transfer services and bill payment services primarily to unbanked and underbanked consumers.

Analyst Recommendations for Moneygram International (NASDAQ:MGI)

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