Shares of MoneyGram International Inc. (NASDAQ:MGI) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the firm. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $8.00.

Several equities analysts have commented on MGI shares. Compass Point reiterated a “neutral” rating and issued a $8.00 price target on shares of MoneyGram International in a research note on Tuesday, October 11th. Feltl & Co. lowered shares of MoneyGram International from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 21st. Zacks Investment Research upgraded shares of MoneyGram International from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Wednesday, November 2nd. Finally, TheStreet upgraded shares of MoneyGram International from a “sell” rating to a “hold” rating in a research report on Friday, October 28th.

Several large investors have recently modified their holdings of MGI. LSV Asset Management increased its stake in shares of MoneyGram International by 59.3% in the third quarter. LSV Asset Management now owns 909,623 shares of the company’s stock valued at $6,458,000 after buying an additional 338,448 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of MoneyGram International during the second quarter valued at $1,144,000. Zacks Investment Management bought a new stake in shares of MoneyGram International during the third quarter valued at $774,000. Royce & Associates LP increased its stake in shares of MoneyGram International by 98.0% in the second quarter. Royce & Associates LP now owns 196,403 shares of the company’s stock valued at $1,345,000 after buying an additional 97,200 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of MoneyGram International by 4.6% in the second quarter. Neuberger Berman Group LLC now owns 1,749,815 shares of the company’s stock valued at $11,986,000 after buying an additional 76,632 shares in the last quarter. 94.19% of the stock is owned by hedge funds and other institutional investors.

MoneyGram International (NASDAQ:MGI) opened at 10.87 on Friday. The firm has a market capitalization of $577.60 million, a PE ratio of 60.39 and a beta of 1.77. MoneyGram International has a 1-year low of $4.68 and a 1-year high of $11.03. The company has a 50 day moving average of $7.99 and a 200 day moving average of $7.21.

MoneyGram International (NASDAQ:MGI) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The company had revenue of $383.10 million for the quarter, compared to analyst estimates of $389.53 million. MoneyGram International had a net margin of 0.78% and a negative return on equity of 11.22%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 earnings per share. Analysts forecast that MoneyGram International will post $0.81 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “MoneyGram International Inc. (MGI) Receives $8.00 Average PT from Brokerages” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another publication, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2016/11/28/moneygram-international-inc-mgi-receives-8-00-average-pt-from-brokerages.html.

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.

5 Day Chart for NASDAQ:MGI

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.