Compass Point reiterated their neutral rating on shares of MoneyGram International Inc. (NASDAQ:MGI) in a research report released on Tuesday morning. Compass Point currently has a $8.00 target price on the stock.
A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut MoneyGram International from an overweight rating to a neutral rating and set a $8.00 target price on the stock. in a report on Tuesday, July 12th. William Blair restated an outperform rating on shares of MoneyGram International in a research note on Tuesday, July 19th. Finally, Zacks Investment Research upgraded MoneyGram International from a hold rating to a strong-buy rating and set a $8.50 price objective on the stock in a research note on Thursday, July 21st. Three analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $8.17.
Shares of MoneyGram International (NASDAQ:MGI) opened at 6.58 on Tuesday. The firm has a 50-day moving average of $7.05 and a 200 day moving average of $6.76. MoneyGram International has a 52-week low of $4.68 and a 52-week high of $10.92. The firm has a market cap of $351.67 million, a PE ratio of 65.80 and a beta of 1.69.
MoneyGram International (NASDAQ:MGI) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $383.70 million for the quarter, compared to the consensus estimate of $389.16 million. MoneyGram International had a negative return on equity of 10.13% and a net margin of 0.43%. MoneyGram International’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 earnings per share. On average, equities analysts predict that MoneyGram International will post $0.78 earnings per share for the current year.
Several large investors have recently made changes to their positions in MGI. Landscape Capital Management L.L.C. raised its stake in shares of MoneyGram International by 64.4% in the first quarter. Landscape Capital Management L.L.C. now owns 47,520 shares of the company’s stock valued at $291,000 after buying an additional 18,620 shares in the last quarter. Royce & Associates LP raised its stake in shares of MoneyGram International by 70.5% in the first quarter. Royce & Associates LP now owns 99,203 shares of the company’s stock valued at $607,000 after buying an additional 41,007 shares in the last quarter. Menta Capital LLC acquired a new stake in shares of MoneyGram International during the first quarter valued at about $213,000. Spark Investment Management LLC raised its stake in shares of MoneyGram International by 198.3% in the first quarter. Spark Investment Management LLC now owns 267,549 shares of the company’s stock valued at $1,637,000 after buying an additional 177,849 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of MoneyGram International by 2.8% in the first quarter. Geode Capital Management LLC now owns 232,116 shares of the company’s stock valued at $1,420,000 after buying an additional 6,284 shares in the last quarter. 92.46% of the stock is owned by hedge funds and other institutional investors.
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.
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