Moneygram International (MGI) Receives a Rating Update from a Top Analyst


In a report released today, Michael Grondahl from Northland Securities maintained a Buy rating on Moneygram International (MGI), with a price target of $12.25. The company’s shares closed last Tuesday at $9.70.

According to TipRanks.com, Grondahl is a top 100 analyst with an average return of 29.8% and a 62.6% success rate. Grondahl covers the Financial sector, focusing on stocks such as Altisource Portfolio Solutions SA, International Money Express, and WisdomTree Investments.

The word on The Street in general, suggests a Hold analyst consensus rating for Moneygram International with a $9.75 average price target.

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Moneygram International’s market cap is currently $772.8M and has a P/E ratio of -326.70. The company has a Price to Book ratio of -1.11.

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MoneyGram International, Inc. is a global payment services company, which offers global money transfers, bill payment solutions and money orders. It operates through the following business segments: Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment provides money transfer services. The Financial Paper Products segment offers money orders to consumers through retail and financial institutions. The company was founded in 1940 and is headquartered in Dallas, TX.

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