Moneygram International, Inc. (MGI) Upgraded to Sell by BidaskClub
Moneygram International, Inc. (NASDAQ:MGI) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Saturday.
A number of other equities research analysts also recently weighed in on the company. Northland Securities reaffirmed a “hold” rating on shares of Moneygram International in a research report on Tuesday, September 5th. ValuEngine downgraded Moneygram International from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.21.
Shares of Moneygram International (NASDAQ:MGI) traded up $0.68 during mid-day trading on Friday, reaching $15.00. The company had a trading volume of 529,200 shares, compared to its average volume of 687,883. Moneygram International has a 12 month low of $8.98 and a 12 month high of $17.92. The company has a market capitalization of $776.59, a P/E ratio of 17.46 and a beta of 2.00. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.05 and a current ratio of 0.05.
ILLEGAL ACTIVITY WARNING: “Moneygram International, Inc. (MGI) Upgraded to Sell by BidaskClub” was reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.americanbankingnews.com/2017/11/11/moneygram-international-inc-mgi-upgraded-to-sell-by-bidaskclub.html.
A number of hedge funds have recently modified their holdings of the stock. UBS Asset Management Americas Inc. acquired a new stake in Moneygram International in the first quarter worth about $202,000. American International Group Inc. boosted its holdings in 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 worth $306,000 after acquiring an additional 1,208 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Moneygram International by 7.4% in the first quarter. Teachers Advisors LLC now owns 58,782 shares of the financial services provider’s stock worth $988,000 after acquiring an additional 4,043 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Moneygram International by 30.9% in the first quarter. Geode Capital Management LLC now owns 329,597 shares of the financial services provider’s stock worth $5,540,000 after acquiring an additional 77,775 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Moneygram International by 8.7% in the first quarter. Dimensional Fund Advisors LP now owns 872,270 shares of the financial services provider’s stock worth $14,663,000 after acquiring an additional 69,561 shares in the last quarter. 93.79% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Moneygram International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moneygram International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.