News coverage about Moneygram International (NASDAQ:MGI) has trended somewhat positive recently, according to Accern. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Moneygram International earned a news impact score of 0.11 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.8003937037723 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of equities research analysts have recently weighed in on the stock. Northland Securities reiterated a “hold” rating and issued a $17.39 price target on shares of Moneygram International in a research report on Friday, June 30th. Morgan Stanley reiterated an “equal weight” rating and issued a $18.00 price target (up from $15.00) on shares of Moneygram International in a research report on Monday, June 19th. ValuEngine upgraded shares of Moneygram International from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub downgraded shares of Moneygram International from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research downgraded shares of Moneygram International from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $14.93.
Shares of Moneygram International (NASDAQ MGI) traded down 0.13% on Friday, reaching $15.50. 434,596 shares of the company’s stock traded hands. The company’s 50-day moving average price is $16.36 and its 200 day moving average price is $16.02. Moneygram International has a one year low of $5.83 and a one year high of $17.92. The firm has a market cap of $840.32 million, a P/E ratio of 31.89 and a beta of 1.92.
Moneygram International (NASDAQ:MGI) last posted its earnings results on Monday, August 7th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.05. Moneygram International had a net margin of 2.03% and a negative return on equity of 14.11%. The business had revenue of $410 million for the quarter, compared to analysts’ expectations of $417.61 million. During the same period in the prior year, the company posted $0.15 EPS. On average, equities analysts forecast that Moneygram International will post $1.07 EPS for the current fiscal year.
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About Moneygram International
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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