MoneyGram International traded at $10.99 this Wednesday May 31st. Looking back, over the last four weeks, MoneyGram International lost 16.67 percent. Over the last 12 months, its price rose by 10.12 percent. Looking ahead, we forecast MoneyGram International to be priced at 10.75 by the end of this quarter and at 10.05 in one year, according to Trading Economics global macro models projections and analysts expectations.
MoneyGram International, Inc. is a provider of cross-border peer-to-peer (P2P) payments and money transfer services. The Company operates through two segments, Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment provides global money transfer services and bill payment services principally as an alternative to banking services. It offers services through third-party agents, including retail chains, independent retailers, post offices, banks, and other financial institutions. It also provides digital solutions such as moneygram.com, mobile app solutions, account deposit and kiosk-based services. The Financial Paper Products segment provides money orders to consumers through its agents and financial institutions located throughout the United States and Puerto Rico and provides official check outsourcing services for banks and credit unions. The Company conducts business through its subsidiary, MoneyGram Payment Systems, Inc., under the MoneyGram brand.