MoneyGram International - MGI Stock Forecast, Price & News

3 Wall Street research 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 research 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.
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3 brokerages have issued 1 year price objectives 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%.
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MoneyGram International's stock was trading at $7.89 at the beginning of 2022. Since then, MGI stock has increased by 31.7% and is now trading at $10.39.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
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MoneyGram International, Inc. (NASDAQ:MGI) announced its earnings results on Friday, October, 29th. The financial services provider reported $0.13 earnings per share 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 net margin of 0.25% and a negative trailing twelve-month return on equity of 22.87%. During the same period in the previous year, the company earned $0.15 EPS.

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.

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 many different institutional and retail investors. Top institutional investors include Pentwater Capital Management LP (6.08%), Westchester Capital Management LLC (2.91%), Goldman Sachs Group Inc. (2.02%), State Street Corp (1.91%), Healthcare of Ontario Pension Plan Trust Fund (1.51%) and Alpine Associates Management Inc. (1.25%). Insiders that own company 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.
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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 $10.39.

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.

The company employs 3,072 workers across the globe.

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.