Northland Securities Sticks to Their Hold Rating for Moneygram International

By Jason Carr

In a report released yesterday, Michael Grondahl from Northland Securities reiterated a Hold rating on Moneygram International (NASDAQ: MGI), with a price target of $17.39. The company’s shares opened today at $17.32, close to its 52-week high of $17.92.

According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 23.2% and a 68.3% success rate. Grondahl covers the Financial sector, focusing on stocks such as Altisource Portfolio Solutions SA, Health Insurance Innovations, and WisdomTree Investments.

Moneygram International has an analyst consensus of Hold, with a price target consensus of $17.39.

Moneygram International’s market cap is currently $1.09B and has a P/E ratio of 39.36. The company has a book value ratio of -2.8419.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. Last month, Juan Agualimpia, the EVP, CMO of MGI sold 98,086 shares for a total of $1,706,696.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

MoneyGram International, Inc. is a global payment services company, which offers global money transfers, bill payment solutions and money orders. The company operates through two business segments: Global Funds Transfer and Financial Paper Products.