NASDAQ:MGI

MoneyGram International - MGI Stock Forecast, Price & News

$10.40

-0.02 (-0.19%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $10.39
▼
$10.46
50-Day Range: $10.15
▼
$10.48
52-Week Range: $5.06
▼
$10.87

Volume: 1.01 million shs
Average Volume: 586,027 shs
Market Capitalization: $1.00 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.00

MoneyGram International MarketRank™ Forecast

Analyst Rating: Hold
1.67 Rating Score
Upside/Downside: 42.3% Downside
$6.00 Price Target
Short Interest: Bearish
7.88% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.23
Upright™ Environmental Score
News Sentiment: 1.88
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 56.67%
From $0.30 to $0.47 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.58 out of 5 stars

Finance Sector

876th out of 923 stocks

Business Services, Not Elsewhere Classified Industry

95th out of 102 stocks

0.8

Analyst's Opinion

Consensus Rating
MoneyGram International has received a consensus rating of Hold. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $6.00, MoneyGram International has a forecasted downside of 42.3% from its current price of $10.40.
Amount of Analyst Coverage
MoneyGram International has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
7.88% of the outstanding shares of MoneyGram International have been sold short.
Short Interest Ratio / Days to Cover
MoneyGram International has a short interest ratio ("days to cover") of 14.3, which indicates bearish sentiment.
Change versus previous month
Short interest in MoneyGram International has recently decreased by 0.91%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
MoneyGram International does not currently pay a dividend.
Dividend Growth
MoneyGram International does not have a long track record of dividend growth.

3.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
MoneyGram International has received a 44.46% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is driven by its "Direct bank transfer software" product. See details.
Environmental Sustainability
The Environmental Impact score for MoneyGram International is -0.23.

3.3

News and Social Media Coverage

News Sentiment
MoneyGram International has a news sentiment score of 1.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for MoneyGram International this week, compared to 2 articles on an average week.
MarketBeat Follows
Only 2 people have added MoneyGram International to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MoneyGram International insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.60% of the stock of MoneyGram International is held by insiders.
Percentage Held by Institutions
91.14% of the stock of MoneyGram International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for MoneyGram International are expected to grow by 56.67% in the coming year, from $0.30 to $0.47 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MoneyGram International is -260.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of MoneyGram International is -260.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

About MoneyGram International (NASDAQ:MGI) Stock

MoneyGram International, Inc., together with its subsidiaries, provides cross-border peer-to-peer payments and money transfer services in the United States and internationally. The company operates through two segments, Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment offers money transfer services and bill payment services through third-party agents, including retail chains, independent retailers, post offices, banks, and other financial institutions; and digital solutions, such as moneygram.com, account deposit, and kiosk-based services, as well as mobile app solutions. The Financial Paper Products segment provides money orders to consumers through its agents and financial institutions under the MoneyGram brand and on a private label or co-branded basis with various agents and financial institutions; and official check outsourcing services for banks and credit unions. MoneyGram International, Inc. was incorporated in 2003 and is based in Dallas, Texas.

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MGI Stock News Headlines

October 2, 2022 | americanbankingnews.com

MoneyGram International (NASDAQ:MGI) Stock Crosses Above Two Hundred Day Moving Average of $10.23

September 21, 2022 | finance.yahoo.com

Here's Why MoneyGram (MGI), e& Alliance Extension is Significant

September 20, 2022 | finance.yahoo.com

MoneyGram and e& international Expand Partnership, Enabling 160M Consumers Across Asia, Africa and the Middle East to Send Money Globally

September 16, 2022 | finance.yahoo.com

MoneyGram International, Inc. (MGI)

September 15, 2022 | seekingalpha.com

MGI MoneyGram International, Inc.

September 9, 2022 | finance.yahoo.com

Viad Corp Provides Statement on Health of Pursuit President

August 29, 2022 | ca.finance.yahoo.com

CIBC continues innovation by offering clients no-fee same-day cash pick up abroad through MoneyGram with its Global Money Transfer service

August 28, 2022 | reuters.com

MoneyGram International Inc

August 6, 2022 | morningstar.com

MoneyGram International Inc Stock News

August 5, 2022 | finance.yahoo.com

MoneyGram names new CFO and COO from internal ranks

August 5, 2022 | finance.yahoo.com

MoneyGram International Reports Second Quarter 2022 Results

August 5, 2022 | finance.yahoo.com

MoneyGram (MGI) Misses Q2 Earnings and Revenue Estimates

August 4, 2022 | finance.yahoo.com

Viad Corp Reports Results for the 2022 Second Quarter

August 4, 2022 | nasdaq.com

MoneyGram Promotes Brian Johnson To Succeed Larry Angelilli As CFO

August 4, 2022 | finance.yahoo.com

MoneyGram Names Brian Johnson Chief Financial Officer and Anna Greenwald Chief Operating Officer

July 14, 2022 | finance.yahoo.com

Viad Corp Schedules Second Quarter 2022 Earnings Call

June 30, 2022 | finance.yahoo.com

Here’s Why Carillon Tower Sold its MoneyGram (MGI) Shares

June 21, 2022 | finance.yahoo.com

Rafay Systems and AWS Streamline Kubernetes Operations and Accelerate Modern Application Delivery for MoneyGram

June 16, 2022 | finance.yahoo.com

Migrant Families are Concerned about Potential Economic Hardship but Expect to Prioritize Sending Money Home, New MoneyGram Survey Finds

June 3, 2022 | finance.yahoo.com

MoneyGram's (MGI) Tie-Up to Boost Wallet Usage in Saudi Arabia

June 2, 2022 | seekingalpha.com

MoneyGram partners with Mobily Pay for new mobile wallet users in Saudi Arabia

June 2, 2022 | finance.yahoo.com

MoneyGram Announces New Partnership with Mobily Pay to Reach Millions of New Mobile Wallet Users in Saudi Arabia

May 31, 2022 | markets.businessinsider.com

MoneyGram CEO Touts Stablecoin Remittances Ahead Of Stellar Blockchain-Based Platform Launch

May 29, 2022 | finance.yahoo.com

MoneyGram CEO Sees a Future in Stablecoin Remittances

May 24, 2022 | morningstar.com

MoneyGram Stockholders Overwhelmingly Approve Merger Transaction with Madison Dearborn Partners | Morningstar

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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MGI Company Calendar

Last Earnings: 8/05/2022
Today: 10/02/2022
Next Earnings (Estimated): 10/27/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Business services, not elsewhere classified
Sub-Industry: Data Processing & Outsourced Services
Sector: Finance
Current Symbol: NASDAQ:MGI
CUSIP: 60935Y20
CIK: 1273931
Web: www.corporate.moneygram.com
Phone: (214) 999-7552
Fax: N/A
Employees: 3,072
Year Founded: 1940

Price Target and Rating

Average Stock Price Forecast: $6.00
High Stock Price Forecast: $6.00
Low Stock Price Forecast: $6.00
Forecasted Upside/Downside: -42.3%
Consensus Rating: Hold
Rating Score (0-4): 1.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.04)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 34.67
P/E Growth: N/A
Net Income: $-37,900,000.00
Net Margins: -0.25%
Pretax Margin: -0.55%
Return on Equity: -22.87%
Return on Assets: 0.95%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.03
Quick Ratio: 0.03

Sales & Book Value

Annual Sales: $1.28 billion
Price / Sales: 0.78
Cash Flow: $1.58 per share
Price / Cash Flow: 6.58
Book Value: ($2.02) per share
Price / Book: -5.15

Miscellaneous

Outstanding Shares: 96,350,000
Free Float: 92,883,000
Market Cap: $1.00 billion
Optionable: Optionable
Beta: 1.16

Social Links

Key Executives

Mr. W. Alexander Holmes (Age 47)
Chairman & CEO
Comp: $3.25M

Mr. Lawrence Angelilli (Age 66)
Exec. VP & CFO
Comp: $1.5M

Mr. Robert L. Villasenor (Age 51)
Chief Admin. Officer, Gen. Counsel & Corp. Sec.
Comp: $1.14M

Mr. Andres Villareal (Age 57)
Chief Compliance Officer
Comp: $1.35M

Mr. Grant A. Lines (Age 57)
Chief Revenue Officer
Comp: $1.5M

Ms. Hilary Jackson (Age 41)
Chief Operating Officer

Ms. Anna Greenwald (Age 44)
Chief Operating Officer

Mr. Christopher H. Russell Jr. (Age 56)
Chief Accounting Officer

Mr. Brian Johnson C.F.A.
CVA, Head of Corp. Fin. & Global Treasurer

Mr. Stephen Reiff
Head of Global Strategy & Corp. Communications

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MGI Stock - Frequently Asked Questions

Should I buy or sell MoneyGram International stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MoneyGram International in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MGI shares. 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.
View MGI analyst ratings or view top-rated stocks.
What is MoneyGram International's stock price forecast for 2022?: 3 Wall Street research analysts have issued 12-month target prices for MoneyGram International's shares. Their MGI share price forecasts range from $6.00 to $6.00. On average, they predict the company's share price to reach $6.00 in the next twelve months. This suggests that the stock has a possible downside of 42.3%.
View analysts price targets for MGI or view top-rated stocks among Wall Street analysts.
How have MGI shares performed in 2022?: MoneyGram International's stock was trading at $7.89 on January 1st, 2022. Since then, MGI stock has increased by 31.8% and is now trading at $10.40.
View the best growth stocks for 2022 here.
When is MoneyGram International's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our MGI earnings forecast.
How were MoneyGram International's earnings last quarter?: MoneyGram International, Inc. (NASDAQ:MGI) released its earnings results on Friday, August, 5th. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.13 by $0.08. The financial services provider earned $329.60 million during the quarter, compared to analysts' expectations of $330.15 million. MoneyGram International had a negative trailing twelve-month return on equity of 22.87% and a negative net margin of 0.25%.
What is Alex Holmes' approval rating as MoneyGram International's CEO?: 140 employees have rated MoneyGram International Chief Executive Officer Alex Holmes on Glassdoor.com. Alex Holmes has an approval rating of 65% among the company's employees.

What other stocks do shareholders of MoneyGram International own?: 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).
What is MoneyGram International's stock symbol?: MoneyGram International trades on the NASDAQ under the ticker symbol "MGI."
How do I buy shares of 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.
Compare Top Brokerages Here.
What is MoneyGram International's stock price today?: One share of MGI stock can currently be purchased for approximately $10.40.
How much money does MoneyGram International make?: 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.
How many employees does MoneyGram International have?: The company employs 3,072 workers across the globe.
Does MoneyGram International have any subsidiaries?: The following companies are subsidiares of MoneyGram International: Ferrum Trust, MIL Overseas Limited, MIL Overseas Nigeria Limited, MONEYGRAM TURKEY ÖDEME HÝZMETLERÝ ANONÝM ÞÝRKETÝ, MPS France S.A., MPSG Holdings Limited, MPSG International Limited, MPSG Limited, MTI Money Transfer Limited, Money Globe Payment Institution S.A., MoneyGram Consulting (Shanghai) Co. Ltd., MoneyGram India Private Limited, MoneyGram International B.V., MoneyGram International Holdings Limited, MoneyGram International Limited, MoneyGram International Payment Systems Inc., MoneyGram International Pte. Ltd., MoneyGram International SAS, MoneyGram International SPRL, MoneyGram Mexico S.A. de C.V., MoneyGram Overseas (Pty) Limited, MoneyGram Payment Services GmbH, MoneyGram Payment Systems Belgium N.V., MoneyGram Payment Systems Brasil LTDA, MoneyGram Payment Systems Canada Inc., MoneyGram Payment Systems Greece S.A., MoneyGram Payment Systems Hong Kong Limited, MoneyGram Payment Systems Inc., MoneyGram Payment Systems Ireland Limited, MoneyGram Payment Systems Italy S.r.l., MoneyGram Payment Systems Malaysia Sdn. Bhd, MoneyGram Payment Systems Netherlands B.V., MoneyGram Payment Systems Nevada LLC, MoneyGram Payment Systems Poland sp. Zoo, MoneyGram Payment Systems South Africa Proprietary Limited, MoneyGram Payment Systems Spain S.A., MoneyGram Payment Systems Worldwide Inc., MoneyGram of New York LLC, Nexxo Financial, PT MoneyGram Payment Systems Indonesia, and Travelers Express Company (P.R.) Inc..
Read More
How can I contact MoneyGram International?: MoneyGram International's mailing address is 2828 NORTH HARWOOD STREET 15TH FLOOR, DALLAS TX, 75201. The official website for the company 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.

This page (NASDAQ:MGI) was last updated on 10/2/2022 by MarketBeat.com Staff

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MoneyGram International - MGI Stock Forecast, Price & News

MoneyGram International MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About MoneyGram International (NASDAQ:MGI) Stock

MGI Stock News Headlines

MGI Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

MGI Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™