International Money Express, Inc. (NASDAQ:IMXI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of International Money Express, Inc. (NASDAQ:IMXI) have earned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $25.00.

A number of brokerages have weighed in on IMXI. BTIG Research began coverage on International Money Express in a report on Monday, June 3rd. They issued a “buy” rating and a $25.00 target price for the company. Monness Crespi & Hardt assumed coverage on International Money Express in a report on Wednesday, March 20th. They issued a “buy” rating and a $27.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of International Money Express in a report on Thursday, May 9th. Finally, BMO Capital Markets boosted their price objective on International Money Express from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, May 9th.

International Money Express Trading Up 0.5 %

NASDAQ IMXI opened at $20.38 on Friday. The stock has a market capitalization of $665.20 million, a P/E ratio of 12.20 and a beta of 0.84. The business has a 50 day simple moving average of $20.71 and a 200 day simple moving average of $21.10. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.68 and a quick ratio of 1.68. International Money Express has a one year low of $15.76 and a one year high of $26.25.

International Money Express (NASDAQ:IMXI) last issued its earnings results on Wednesday, May 8th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $150.41 million during the quarter, compared to the consensus estimate of $150.60 million. International Money Express had a return on equity of 43.75% and a net margin of 9.02%. Research analysts expect that International Money Express will post 2.04 earnings per share for the current year.

Institutional Investors Weigh In On International Money Express

Hedge funds and other institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of International Money Express during the fourth quarter valued at approximately $38,000. New York State Teachers Retirement System purchased a new position in shares of International Money Express during the fourth quarter valued at approximately $65,000. DekaBank Deutsche Girozentrale purchased a new position in shares of International Money Express during the fourth quarter valued at approximately $95,000. Lazard Asset Management LLC boosted its position in shares of International Money Express by 41.5% during the first quarter. Lazard Asset Management LLC now owns 6,319 shares of the company’s stock valued at $143,000 after buying an additional 1,853 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of International Money Express by 8.1% during the fourth quarter. SG Americas Securities LLC now owns 8,321 shares of the company’s stock valued at $184,000 after buying an additional 625 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

About International Money Express

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.