MoneyGram International - MGI Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MoneyGram International in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MoneyGram International stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MGI, but not buy additional shares or sell existing shares.
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3 Wall Street analysts have issued 12 month price objectives for MoneyGram International's shares. Their MGI stock forecasts range from $6.00 to $6.00. On average, they expect MoneyGram International's share price to reach $6.00 in the next twelve months. This suggests that the stock has a possible downside of 42.5%.
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MoneyGram International's stock was trading at $7.89 at the beginning of the year. Since then, MGI shares have increased by 32.2% and is now trading at $10.43.
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MoneyGram International is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our earnings forecast for MoneyGram International.

MoneyGram International, Inc. (NASDAQ:MGI) posted its earnings results on Friday, October, 29th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. The financial services provider earned $319.60 million during the quarter, compared to the consensus estimate of $330.31 million. MoneyGram International had a negative trailing twelve-month return on equity of 20.50% and a negative net margin of 1.36%. During the same quarter last year, the business posted $0.15 earnings per share.

140 employees have rated MoneyGram International CEO Alex Holmes on Glassdoor.com. Alex Holmes has an approval rating of 65% among MoneyGram International's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other MoneyGram International investors own include Western Union (WU), Advanced Micro Devices (AMD), Ford Motor (F), Pfizer (PFE), Coty (COTY), NIO (NIO), AbbVie (ABBV), Sorrento Therapeutics (SRNE), Alibaba Group (BABA) and General Electric (GE).

MoneyGram International trades on the NASDAQ under the ticker symbol "MGI."

MoneyGram International's stock is owned by a number of institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (0.51%), Dupont Capital Management Corp (0.39%), Austin Asset Management Co Inc (0.25%), Lindbrook Capital LLC (0.19%), Chicago Capital Management LLC (0.16%) and Mint Tower Capital Management B.V. (0.09%). Company insiders that own MoneyGram International stock include Adrianna E Greenwald, Andres Villareal, Francisco Lorca, Grant A Lines, Peggy Vaughan, Ripple Labs Inc, Robert L Villasenor, Thomas H Lee Advisors, Llc, W Alexander Holmes and W Bruce Turner.
View institutional ownership trends for MoneyGram International.

Shares of MGI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MGI stock can currently be purchased for approximately $10.43.

MoneyGram International (NASDAQ:MGI) has a market capitalization of $1.00 billion and generates $1.28 billion in revenue each year. The financial services provider earns $-37,900,000.00 in net income (profit) each year or ($0.04) on an earnings per share basis.

MoneyGram International employs 3,072 workers across the globe.

MoneyGram International was founded in 1940.

MoneyGram International's mailing address is 2828 NORTH HARWOOD STREET 15TH FLOOR, DALLAS TX, 75201. The official website for MoneyGram International is www.corporate.moneygram.com. The financial services provider can be reached via phone at (214) 999-7552 or via email at ir@moneygram.com.