Headlines about Moneygram International (NASDAQ:MGI) have been trending somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Moneygram International earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 91 out of 100, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the next several days.
A number of research analysts recently issued reports on MGI shares. Feltl & Co. cut shares of Moneygram International from a “hold” rating to a “sell” rating in a research note on Monday, April 17th. Zacks Investment Research raised shares of Moneygram International from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, March 21st. Northland Securities reissued a “hold” rating and issued a $17.39 price objective on shares of Moneygram International in a research note on Friday, June 30th. Morgan Stanley reissued an “equal weight” rating and issued a $18.00 price objective (up from $15.00) on shares of Moneygram International in a research note on Monday, June 19th. Finally, ValuEngine raised shares of Moneygram International from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Moneygram International has an average rating of “Hold” and a consensus price target of $13.77.
Moneygram International (MGI) traded up 0.12% during mid-day trading on Monday, hitting $17.38. 65,776 shares of the company’s stock were exchanged. Moneygram International has a 12 month low of $5.83 and a 12 month high of $17.92. The stock has a market cap of $939.16 million, a PE ratio of 39.50 and a beta of 1.94. The stock’s 50 day moving average price is $17.29 and its 200-day moving average price is $15.03.
Moneygram International (NASDAQ:MGI) last posted its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.05. The firm had revenue of $386.10 million for the quarter, compared to analysts’ expectations of $387.92 million. Moneygram International had a net margin of 1.87% and a negative return on equity of 12.41%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the company posted $0.17 EPS. Equities analysts expect that Moneygram International will post $1.05 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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