MoneyGram International Inc. (MGI) Downgraded to “Buy” at Feltl & Co.
Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded MoneyGram International from a hold rating to a buy rating and set a $8.00 price target on the stock in a report on Wednesday, November 2nd. TheStreet upgraded MoneyGram International from a sell rating to a hold rating in a research note on Friday, October 28th. Finally, Compass Point restated a neutral rating and set a $8.00 target price on shares of MoneyGram International in a research note on Tuesday, October 11th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $8.00.
MoneyGram International (NASDAQ:MGI) traded up 0.09% during midday trading on Monday, reaching $10.54. The company’s stock had a trading volume of 118,969 shares. MoneyGram International has a 12-month low of $4.68 and a 12-month high of $11.03. The company has a market cap of $560.06 million, a P/E ratio of 58.56 and a beta of 1.77. The firm has a 50 day moving average price of $7.63 and a 200-day moving average price of $7.11.
MoneyGram International (NASDAQ:MGI) last issued its quarterly earnings results on Friday, October 28th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.03. MoneyGram International had a negative return on equity of 11.22% and a net margin of 0.78%. The firm earned $383.10 million during the quarter, compared to analyst estimates of $389.53 million. During the same period last year, the company earned $0.24 EPS. MoneyGram International’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts predict that MoneyGram International will post $0.82 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of MGI. Rhumbline Advisers boosted its position in MoneyGram International by 0.8% in the third quarter. Rhumbline Advisers now owns 37,940 shares of the company’s stock worth $269,000 after buying an additional 310 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in MoneyGram International by 0.3% in the second quarter. Parametric Portfolio Associates LLC now owns 177,128 shares of the company’s stock valued at $1,213,000 after buying an additional 553 shares during the period. California State Teachers Retirement System raised its stake in MoneyGram International by 1.0% in the third quarter. California State Teachers Retirement System now owns 62,683 shares of the company’s stock valued at $445,000 after buying an additional 600 shares during the period. BlackRock Advisors LLC raised its stake in MoneyGram International by 7.4% in the third quarter. BlackRock Advisors LLC now owns 15,521 shares of the company’s stock valued at $110,000 after buying an additional 1,071 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in MoneyGram International by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 201,547 shares of the company’s stock valued at $1,380,000 after buying an additional 1,268 shares during the period. 94.19% of the stock is owned by institutional investors and hedge funds.
About MoneyGram International
MoneyGram International, Inc is a provider of money transfer services. The Company operates through two segments: Global Funds Transfer and Financial Paper Products. The Company’s Global Funds Transfer segment offers money transfer services and bill payment services primarily to unbanked and underbanked consumers.
Receive News & Stock 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 stocks with our FREE daily email newsletter.