Moneygram International Inc (NASDAQ:MGI) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $18.00.

MGI has been the subject of several analyst reports. BidaskClub lowered shares of Moneygram International from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. ValuEngine raised shares of Moneygram International from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Zacks Investment Research lowered shares of Moneygram International from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. lowered shares of Moneygram International from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th.

A number of institutional investors have recently added to or reduced their stakes in MGI. Victory Capital Management Inc. purchased a new stake in Moneygram International in the 3rd quarter worth approximately $145,000. Voya Investment Management LLC grew its holdings in Moneygram International by 20.8% during the 2nd quarter. Voya Investment Management LLC now owns 14,878 shares of the financial services provider’s stock valued at $257,000 after buying an additional 2,562 shares in the last quarter. Alps Advisors Inc. grew its holdings in Moneygram International by 107.9% during the 3rd quarter. Alps Advisors Inc. now owns 21,456 shares of the financial services provider’s stock valued at $346,000 after buying an additional 11,137 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Moneygram International by 4.8% during the 2nd quarter. Wells Fargo & Company MN now owns 21,129 shares of the financial services provider’s stock valued at $365,000 after buying an additional 973 shares in the last quarter. Finally, USA Financial Portformulas Corp grew its holdings in Moneygram International by 3.9% during the 2nd quarter. USA Financial Portformulas Corp now owns 22,769 shares of the financial services provider’s stock valued at $393,000 after buying an additional 852 shares in the last quarter. 91.16% of the stock is owned by institutional investors.

Moneygram International (NASDAQ:MGI) traded down $0.48 during trading on Tuesday, reaching $11.65. 728,648 shares of the company traded hands, compared to its average volume of 2,026,548. The stock has a market cap of $631.79, a price-to-earnings ratio of 14.21 and a beta of 1.79. Moneygram International has a one year low of $11.43 and a one year high of $17.92. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of -2.47.

Moneygram International (NASDAQ:MGI) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The company had revenue of $397.80 million during the quarter, compared to analyst estimates of $415.38 million. Moneygram International had a net margin of 1.86% and a negative return on equity of 14.19%. analysts predict that Moneygram International will post 0.83 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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