Moneygram International Inc (NASDAQ:MGI) has earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $18.00.

A number of research analysts have commented on MGI shares. BidaskClub cut Moneygram International from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Northland Securities restated a “hold” rating on shares of Moneygram International in a research note on Tuesday, September 5th. Finally, ValuEngine cut Moneygram International from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.

Moneygram International (MGI) opened at $13.10 on Monday. Moneygram International has a twelve month low of $11.26 and a twelve month high of $17.92. The company has a market capitalization of $710.43, a P/E ratio of 15.98 and a beta of 1.91. The company has a debt-to-equity ratio of -2.47, a current ratio of 0.05 and a quick ratio of 0.05.

Several hedge funds and other institutional investors have recently made changes to their positions in MGI. BNP Paribas Arbitrage SA raised its stake in shares of Moneygram International by 108.8% in the second quarter. BNP Paribas Arbitrage SA now owns 6,942 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 3,618 shares in the last quarter. Bank of America Corp DE raised its stake 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 acquiring an additional 2,015 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Moneygram International in the third quarter valued at $145,000. Alps Advisors Inc. acquired a new stake in shares of Moneygram International in the second quarter valued at $178,000. Finally, Dumac Inc. acquired a new stake in shares of Moneygram International in the second quarter valued at $203,000. Institutional investors and hedge funds own 91.12% of the company’s stock.

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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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