Impact of Brokerage Rating on Moneygram International, Inc.(MGI)

Many Moneygram International, Inc.(MGI) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Moneygram International Inc was Downgraded by Feltl & Co. to Hold on Jan 30, 2017. Moneygram International Inc was Downgraded by First Analysis Sec to Equal-Weight on Jan 26, 2017.

Company has reported several Insider transactions to the SEC, on Nov 16, 2016, Andres Villareal (SVP Chief Compliance Officer) sold 4,000 shares at 9.82 per share price.On Aug 5, 2016, Michael P Rafferty (director) purchased 1,500 shares at 6.44 per share price.On May 19, 2016, W Bruce Turner (director) purchased 5,944 shares at 5.89 per share price.

Moneygram International Inc Last issued its quarterly earnings results on Oct 28, 2016. The company reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.22. The company had revenue of $383.10 million for the quarter, compared to analysts expectations of $389.64 million. The companys revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Moneygram International, Inc. (NASDAQ:MGI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3 by 7 Brokerage Firm. 7 Brokerage Firms have advised hold.

Moneygram International, Inc. (NASDAQ:MGI) should head towards $11.08 per share according to 3 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $7 per share. The higher price estimate target is at $13 according to the Analysts.

Moneygram International, Inc. (NASDAQ:MGI) witnessed a decline in the market cap on Tuesday as its shares dropped 1.26% or 0.16 points. After the session commenced at $12.72, the stock reached the higher end at $12.76 while it hit a low of $12.51. With the volume soaring to 747,087 shares, the last trade was called at $12.56. The company has a 52-week high of $13.18. The company has a market cap of $665 million and there are 52,909,938 shares in outstanding. The 52-week low of the share price is $5.01.

MoneyGram International, Inc. is a leading global payment services company and S&P MidCap company. The companys major products and services include global money transfers, money orders and payment processing solutions for financial institutions and retail customers.

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