Moneygram International, Inc. (NASDAQ:MGI) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday, November 4th.
Several other equities research analysts also recently weighed in on the stock. ValuEngine downgraded shares of Moneygram International from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Northland Securities reaffirmed a “hold” rating on shares of Moneygram International in a report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.21.
Shares of Moneygram International (MGI) opened at $15.00 on Friday. The firm has a market cap of $813.47, a PE ratio of 18.29 and a beta of 2.00. Moneygram International has a 1-year low of $8.98 and a 1-year high of $17.92. The company has a debt-to-equity ratio of -2.47, a current ratio of 0.05 and a quick ratio of 0.05.
ILLEGAL ACTIVITY WARNING: This news story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://ledgergazette.com/2017/11/13/moneygram-international-inc-mgi-cut-to-strong-sell-at-bidaskclub.html.
Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA lifted its holdings 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 acquiring an additional 3,618 shares during the last quarter. Bank of America Corp DE lifted its holdings 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 acquiring an additional 2,015 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in Moneygram International in the 3rd quarter valued at about $145,000. Alps Advisors Inc. acquired a new stake in Moneygram International in the 2nd quarter valued at about $178,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in Moneygram International in the 1st quarter valued at about $202,000. 95.01% of the stock is owned by institutional investors.
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.
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.