Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Moneygram International (NASDAQ:MGI) Share Price

News articles about Moneygram International (NASDAQ:MGI) have trended somewhat positive on Sunday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Moneygram International earned a news impact score of 0.17 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.2061208136487 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

Shares of Moneygram International (NASDAQ MGI) opened at 15.64 on Friday. The company has a 50-day moving average price of $16.61 and a 200 day moving average price of $15.90. The firm has a market capitalization of $847.91 million, a price-to-earnings ratio of 32.18 and a beta of 1.92. Moneygram International has a 12-month low of $5.83 and a 12-month high of $17.92.

Moneygram International (NASDAQ:MGI) last posted its quarterly earnings results on Monday, August 7th. The financial services provider reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.05. The firm had revenue of $410 million during the quarter, compared to the consensus estimate of $417.61 million. Moneygram International had a negative return on equity of 14.11% and a net margin of 2.03%. During the same period last year, the company earned $0.15 earnings per share. Equities research analysts expect that Moneygram International will post $1.06 earnings per share for the current fiscal year.

MGI has been the subject of several research reports. Zacks Investment Research lowered Moneygram International from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. BidaskClub lowered Moneygram International from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. ValuEngine upgraded Moneygram International from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Morgan Stanley reiterated an “equal weight” rating and set a $18.00 price target (up from $15.00) on shares of Moneygram International in a report on Monday, June 19th. Finally, Northland Securities restated a “hold” rating and issued a $17.39 target price on shares of Moneygram International in a report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Moneygram International has a consensus rating of “Hold” and an average price target of $14.93.

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Moneygram International Company Profile

MoneyGram International, Inc (MoneyGram) is a global provider of money transfer services. The Company operates through two segments: Global Funds Transfer and Financial Paper Products. The Company offers its services under the MoneyGram brand. The Company’s Global Funds Transfer Segment provides money transfer services and bill payment services primarily to unbanked and underbanked consumers.

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