Moneygram International Inc (MGI) is Resumed by Compass Point to Neutral, Price Target at $8

Moneygram International Inc (MGI) was Resumed by Compass Point to “Neutral” and the brokerage firm has set the Price Target at $8. Compass Point advised their investors in a research report released on Oct 11, 2016.

On the company’s financial health, Moneygram International Inc reported $0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.21. The company had revenue of $383.70 million for the quarter, compared to analysts expectations of $389.16 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Moneygram International Inc opened for trading at $6.88 and hit $6.95 on the upside on Friday, eventually ending the session at $6.93, with a gain of 0.43% or 0.03 points. The heightened volatility saw the trading volume jump to 53,458 shares. Company has a market cap of $370 M.

In a different news, on Aug 5, 2016, Michael P Rafferty (director) purchased 1,500 shares at $6.44 per share price. According to the SEC, on May 19, 2016, W Bruce Turner (director) purchased 5,944 shares at $5.89 per share price. On Mar 11, 2016, Peggy Vaughan (director) purchased 8,284 shares at $6.04 per share price, according to the Form-4 filing with the securities and exchange commission.

MoneyGram International Inc. (MoneyGram) is a money transfer and payment services company. The Company operates through two business segments: Global Funds Transfer and Financial Paper Products. The Company’s Global Funds Transfer segment offers money transfer services and bill payment services primarily to unbanked and underbanked consumers. It utilizes point-of-sale platforms including AgentConnect DeltaWorks Delta T3 and MoneyGram Online. The bill payment service includes ExpressPayment service. The Company offers its services under the MoneyGram brand. The Company’s Financial Paper Products segment offers money orders to consumers through its retail agents and financial institutions located across the United States and Puerto Rico and provide official check outsourcing services for financial institutions across the United States.

Moneygram International Inc

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