Moneygram International Inc (MGI) Receives Consensus Rating of “Hold” from Analysts

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

A number of research firms have weighed in on MGI. BidaskClub downgraded Moneygram International from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. Zacks Investment Research downgraded Moneygram International from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. downgraded Moneygram International from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 12th. Finally, ValuEngine downgraded Moneygram International from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.

Shares of Moneygram International (NASDAQ MGI) opened at $12.18 on Tuesday. Moneygram International has a 1 year low of $11.43 and a 1 year high of $17.92. The stock has a market capitalization of $703.38, a P/E ratio of 27.07 and a beta of 1.92. The company has a debt-to-equity ratio of -2.47, a current ratio of 0.05 and a quick ratio of 0.05.

Moneygram International (NASDAQ:MGI) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. The firm had revenue of $397.80 million during the quarter, compared to the consensus estimate of $415.38 million. Moneygram International had a negative return on equity of 14.19% and a net margin of 1.86%. equities analysts expect that Moneygram International will post 0.83 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. acquired a new stake in Moneygram International during the 3rd quarter worth approximately $145,000. Voya Investment Management LLC lifted its holdings in Moneygram International by 20.8% during the 2nd quarter. Voya Investment Management LLC now owns 14,878 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 2,562 shares during the last quarter. Alps Advisors Inc. lifted its holdings in Moneygram International by 107.9% during the 3rd quarter. Alps Advisors Inc. now owns 21,456 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 11,137 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Moneygram International by 4.8% during the 2nd quarter. Wells Fargo & Company MN now owns 21,129 shares of the financial services provider’s stock worth $365,000 after purchasing an additional 973 shares during the last quarter. Finally, USA Financial Portformulas Corp raised its holdings in Moneygram International by 3.9% in the 2nd quarter. USA Financial Portformulas Corp now owns 22,769 shares of the financial services provider’s stock valued at $393,000 after acquiring an additional 852 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

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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.

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