Brokerages Set International Money Express, Inc. (NASDAQ:IMXI) PT at $27.00

International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) has received a consensus rating of "Moderate Buy" from the six analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $27.00.

Several equities research analysts recently issued reports on IMXI shares. Northland Securities increased their price target on International Money Express from $23.00 to $27.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. Oppenheimer began coverage on International Money Express in a report on Tuesday, October 1st. They issued a "market perform" rating on the stock. Needham & Company LLC increased their target price on International Money Express from $22.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Monness Crespi & Hardt cut their price objective on International Money Express from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Finally, BMO Capital Markets upped their target price on shares of International Money Express from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Monday, November 11th.

International Money Express Trading Down 0.1 %

Shares of International Money Express stock traded down $0.02 during midday trading on Tuesday, reaching $20.10. The company had a trading volume of 23,338 shares, compared to its average volume of 122,294. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market cap of $625.09 million, a PE ratio of 11.23 and a beta of 0.89. The stock has a fifty day moving average price of $20.83 and a 200 day moving average price of $19.46. International Money Express has a fifty-two week low of $16.17 and a fifty-two week high of $23.28.

Institutional Investors Weigh In On International Money Express

Large investors have recently modified their holdings of the business. Rhumbline Advisers raised its holdings in shares of International Money Express by 1.0% in the second quarter. Rhumbline Advisers now owns 45,877 shares of the company's stock worth $956,000 after buying an additional 452 shares during the last quarter. SkyView Investment Advisors LLC grew its stake in International Money Express by 3.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company's stock valued at $374,000 after acquiring an additional 637 shares in the last quarter. nVerses Capital LLC raised its stake in International Money Express by 133.3% during the third quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock worth $39,000 after purchasing an additional 1,200 shares during the period. Quarry LP increased its stake in International Money Express by 113.7% during the second quarter. Quarry LP now owns 4,760 shares of the company's stock worth $99,000 after purchasing an additional 2,533 shares during the period. Finally, Martingale Asset Management L P lifted its position in International Money Express by 6.4% in the third quarter. Martingale Asset Management L P now owns 42,370 shares of the company's stock valued at $783,000 after acquiring an additional 2,563 shares during the last quarter. Institutional investors own 86.71% of the company's stock.

International Money Express Company Profile

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.