BidaskClub upgraded shares of Moneygram International, Inc. (NASDAQ:MGI) from a strong sell rating to a sell rating in a report published on Saturday.
Other equities research analysts have also issued research reports about the stock. Northland Securities restated a hold rating on shares of Moneygram International in a research note on Tuesday, September 5th. ValuEngine lowered shares of Moneygram International from a buy rating to a hold rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Moneygram International has an average rating of Hold and an average price target of $16.21.
Shares of Moneygram International (NASDAQ MGI) opened at $14.34 on Friday. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.05 and a current ratio of 0.05. Moneygram International has a one year low of $9.70 and a one year high of $17.92. The stock has a market cap of $813.47, a P/E ratio of 18.29 and a beta of 2.00.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://transcriptdaily.com/2017/11/15/moneygram-international-inc-mgi-upgraded-to-sell-at-bidaskclub.html.
A number of institutional investors have recently added to or reduced their stakes in MGI. BNP Paribas Arbitrage SA grew its stake in Moneygram International by 108.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,942 shares of the financial services provider’s stock valued at $120,000 after buying an additional 3,618 shares in the last quarter. Bank of America Corp DE grew its stake in Moneygram International by 34.1% in the 1st quarter. Bank of America Corp DE now owns 7,918 shares of the financial services provider’s stock valued at $133,000 after buying an additional 2,015 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Moneygram International in the 3rd quarter valued at approximately $145,000. Alps Advisors Inc. purchased a new position in Moneygram International in the 2nd quarter valued at approximately $178,000. Finally, UBS Asset Management Americas Inc. purchased a new position in Moneygram International in the 1st quarter valued at approximately $202,000. Institutional investors and hedge funds own 95.01% of the company’s stock.
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.
Receive News & Ratings for Moneygram International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moneygram International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.