Moneygram International (MGI) Getting Somewhat Favorable News Coverage, Report Finds
Media coverage about Moneygram International (NASDAQ:MGI) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Moneygram International earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.2403657898247 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Zero-Fee Transactions for Red Cross Donations remain in place to support response to Hurricanes Irma and Harvey (finance.yahoo.com)
- MoneyGram MobilePass Significantly Expands to 35,000+ U.S. Locations (broadwayworld.com)
- (MGI) Shares now up at $16.39 MoneyGram MobilePassâ ¢ se expande… (highlightpress.com)
- MoneyGram MobilePass™ Significantly Expands to 35,000+ U.S. Locations (finance.yahoo.com)
- Analysts Anticipate Moneygram International, Inc. (MGI) Will Post Quarterly Sales of $420.58 Million (americanbankingnews.com)
Moneygram International (NASDAQ MGI) opened at 16.49 on Tuesday. The company has a 50 day moving average price of $15.85 and a 200-day moving average price of $16.41. Moneygram International has a one year low of $5.83 and a one year high of $17.92. The firm has a market capitalization of $893.99 million, a PE ratio of 33.93 and a beta of 1.92.
Moneygram International (NASDAQ:MGI) last issued its earnings results on Monday, August 7th. The financial services provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. The company had revenue of $410 million during the quarter, compared to analysts’ expectations of $417.61 million. Moneygram International had a net margin of 2.03% and a negative return on equity of 14.11%. During the same quarter in the previous year, the company posted $0.15 EPS. On average, equities analysts predict that Moneygram International will post $1.02 EPS for the current year.
Several equities analysts have recently issued reports on MGI shares. BidaskClub upgraded Moneygram International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 22nd. Zacks Investment Research cut Moneygram International from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. ValuEngine upgraded Moneygram International from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Morgan Stanley reiterated an “equal weight” rating and set a $18.00 price target (up from $15.00) on shares of Moneygram International in a research report on Monday, June 19th. Finally, Northland Securities reiterated a “hold” rating and set a $17.39 price target on shares of Moneygram International in a research report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.93.
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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