MoneyGram International Inc. (NASDAQ:MGI) has received an average recommendation of “Hold” from the seven brokerages that are presently covering the stock. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $8.00.
MGI has been the subject of several research reports. Compass Point reissued a “neutral” rating and set a $8.00 price objective on shares of MoneyGram International in a research note on Tuesday, October 11th. TheStreet raised MoneyGram International from a “sell” rating to a “hold” rating in a research note on Friday, October 28th. Zacks Investment Research raised MoneyGram International from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research note on Wednesday, November 2nd. Finally, Feltl & Co. lowered MoneyGram International from a “strong-buy” rating to a “buy” rating in a research note on Monday.
Shares of MoneyGram International (NASDAQ:MGI) remained flat at $10.87 during midday trading on Friday. The stock had a trading volume of 178,780 shares. The company has a market cap of $577.60 million, a PE ratio of 60.39 and a beta of 1.77. The firm has a 50 day moving average price of $7.85 and a 200-day moving average price of $7.17. MoneyGram International has a 52-week low of $4.68 and a 52-week high of $11.03.
MoneyGram International (NASDAQ:MGI) last released its quarterly earnings data on Friday, October 28th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.03. The business earned $383.10 million during the quarter, compared to analyst estimates of $389.53 million. MoneyGram International had a negative return on equity of 11.22% and a net margin of 0.78%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.24 EPS. Equities analysts anticipate that MoneyGram International will post $0.81 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. BlackRock Advisors LLC boosted its stake in shares of 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. First Trust Advisors LP acquired a new stake in shares of MoneyGram International during the third quarter valued at approximately $111,000. Morgan Stanley boosted its stake in shares of MoneyGram International by 63.6% in the third quarter. Morgan Stanley now owns 17,013 shares of the company’s stock valued at $121,000 after buying an additional 6,613 shares during the period. Alambic Investment Management L.P. acquired a new stake in shares of MoneyGram International during the second quarter valued at approximately $119,000. Finally, Panagora Asset Management Inc. boosted its stake in shares of MoneyGram International by 252.8% in the second quarter. Panagora Asset Management Inc. now owns 19,501 shares of the company’s stock valued at $134,000 after buying an additional 13,973 shares during the period. 94.19% of the stock is owned by institutional investors and hedge funds.