MoneyGram International (NASDAQ:MGI) stock rating downgraded by Northland Securities


MoneyGram International (NASDAQ:MGI – Get an assessment) was downgraded by equity research analysts Northland Securities from an “outperforming” rating to a “market performing” rating in a research note released Tuesday, The Fly reports.

Other equity research analysts have also recently released reports on the company. William Blair reissued a “market performance” rating on MoneyGram International shares in a research report on Monday, March 7. Zacks Investment Research downgraded MoneyGram International from a “strong buy” rating to a “hold” rating and set a target price of $7.75 for the company. in a research report on Wednesday, December 29. Finally, TheStreet upgraded MoneyGram International from a “d+” rating to a “c” rating in a Friday, January 21 research report. One equity research analyst rated the stock with a sell rating and four gave the company a hold rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.92.

MGI opened at $10.60 on Tuesday. MoneyGram International has a 1-year minimum of $5.06 and a 1-year maximum of $12.36. The stock has a market capitalization of $961.70 million, a price-earnings ratio of -24.09 and a beta of 1.33. The company has a 50-day moving average of $9.75 and a 200-day moving average of $8.15.

(A d)

Copper prices have almost doubled since last year, due to the explosive growth of electric vehicles and the growing demand for green electricity. But the demand for copper far outstrips the supply. Multinational investment banks are predicting a 50-100% rise in copper prices by 2025. And this “backdoor” game might be a move worth considering.

MoneyGram International (NASDAQ:MGI – Get Rating) last released its quarterly earnings data on Friday, February 25. The financial services provider reported earnings per share of $0.19 for the quarter, beating the consensus estimate of $0.12 by $0.07. MoneyGram International had a negative return on equity of 12.14% and a negative net margin of 2.95%. The company posted revenue of $324.60 million in the quarter, compared to $325.00 million expected by analysts. In the same period of the previous year, the company had earned earnings per share of $0.10.

Separately, CAO Robert L. Villasenor sold 21,597 shares of the company in a trade on Monday, March 7. The stock was sold at an average price of $10.66, for a total value of $230,224.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, insider Adrianna E. Greenwald sold 8,825 shares of the company in a trade on Monday, March 7. The shares were sold at an average price of $10.67, for a total value of $94,162.75. The disclosure of this sale can be found here. Insiders sold 30,707 shares of the company valued at $327,237 during the last quarter. Company insiders own 3.70% of the company’s shares.

Several large investors have recently changed their positions in MGI. Park West Asset Management LLC increased its stake in shares of MoneyGram International by 511.1% in the third quarter. Park West Asset Management LLC now owns 2,750,000 shares of the financial services provider valued at $22,055,000 after purchasing an additional 2,300,000 shares last quarter. Eagle Asset Management Inc. bought a new position in MoneyGram International in the fourth quarter worth approximately $17,065,000. Goldman Sachs Group Inc. increased its holdings in MoneyGram International by 246.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,505,799 shares of the financial services provider valued at $19,771,000 after acquiring 1,782,817 additional shares in the last quarter. Archon Capital Management LLC increased its stake in MoneyGram International by 81.7% in the fourth quarter. Archon Capital Management LLC now owns 3,218,677 shares of the financial services provider valued at $25,395,000 after acquiring an additional 1,447,465 shares in the last quarter. Finally, Beach Point Capital Management LP increased its stake in MoneyGram International by 162.3% in the third quarter. Beach Point Capital Management LP now owns 2,133,129 shares of the financial services provider valued at $17,108,000 after acquiring an additional 1,319,913 shares in the last quarter. Institutional investors hold 75.38% of the company’s shares.

MoneyGram International Company Profile (Get an evaluation)

MoneyGram International, Inc is a global payment services company, providing global money transfers, bill payment solutions and money orders. It operates through the following business segments: Global Money Transfer and Financial Paper Products. The Global Funds Transfer segment provides money transfer services.

Further reading

The Fly logo

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in MoneyGram International right now?

Before you consider MoneyGram International, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes viral…and MoneyGram International wasn’t on the list.

While MoneyGram International currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Previous Yili on how ASEAN lactose intolerance and supply chain challenges can be overcome
Next how they work, are they safe and which apps to use – Consumer Press