Moneygram International, Inc. (NASDAQ:MGI) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

Other research analysts have also recently issued reports about the stock. ValuEngine cut shares of Moneygram International from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Northland Securities reaffirmed a “hold” rating on shares of Moneygram International in a research report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company has an average rating of “Hold” and an average target price of $16.21.

Shares of Moneygram International (NASDAQ MGI) traded down $0.94 during mid-day trading on Friday, reaching $14.54. The company had a trading volume of 1,076,470 shares, compared to its average volume of 527,598. The stock has a market capitalization of $834.08 million, a price-to-earnings ratio of 18.76 and a beta of 2.00. The company has a debt-to-equity ratio of -2.42, a current ratio of 0.04 and a quick ratio of 0.04.

Moneygram International (NASDAQ:MGI) last released its earnings results on Monday, August 7th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Moneygram International had a net margin of 1.86% and a negative return on equity of 14.04%. The firm had revenue of $410.00 million during the quarter, compared to the consensus estimate of $417.61 million. During the same period in the previous year, the firm earned $0.15 earnings per share. sell-side analysts anticipate that Moneygram International will post 0.66 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of MGI. BNP Paribas Arbitrage SA lifted its position in shares of Moneygram International by 108.8% during the second quarter. BNP Paribas Arbitrage SA now owns 6,942 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 3,618 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Moneygram International by 34.1% during the first quarter. Bank of America Corp DE now owns 7,918 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 2,015 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Moneygram International during the third quarter worth $145,000. Alps Advisors Inc. acquired a new position in shares of Moneygram International during the second quarter worth $178,000. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Moneygram International during the first quarter worth $202,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.

Moneygram International Company Profile

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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