Moneygram International (MGI) : Analyst Rating Update

Moneygram International (MGI) : Zacks Investment Research ranks Moneygram International (MGI) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.38, which indicates as a Buy.

Moneygram International (MGI) : Average target price received by Moneygram International (MGI) is $7.5 with an expected standard deviation of $2.12. The most aggressive target on the stock is $9, whereas the most downbeat target is $6. 2 financial analysts are currently covering the stock.

Moneygram International (NASDAQ:MGI): The stock opened at $6.68 on Wednesday but the bulls could not build on the opening and the stock topped out at $6.74 for the day. The stock traded down to $6.57 during the day, due to lack of any buying support eventually closed down at $6.69 with a loss of -0.74% for the day. The stock had closed at $6.74 on the previous day. The total traded volume was 91,827 shares.

The company shares have dropped -20.98% from its 1 Year high price. On Oct 30, 2015, the shares registered one year high at $10.92 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $6.76 and the 200 Day Moving Average price is recorded at $6.09.

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 Companys 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 Companys 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.

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