International Money Express, Inc. (NASDAQ:IMXI) Receives $27.00 Consensus Target Price from Analysts

Shares of International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) have received an average recommendation of "Moderate Buy" from the six research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $27.00.

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

International Money Express Stock Performance

Shares of NASDAQ IMXI traded down $0.11 during midday trading on Friday, reaching $20.68. 390,122 shares of the company traded hands, compared to its average volume of 253,570. The company has a market cap of $643.13 million, a price-to-earnings ratio of 11.55 and a beta of 0.88. 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 stock has a 50-day moving average price of $19.89 and a 200 day moving average price of $19.51. International Money Express has a 52 week low of $16.17 and a 52 week high of $23.28.

Institutional Investors Weigh In On International Money Express

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IMXI. Rhumbline Advisers grew its position in 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 acquiring an additional 452 shares in the last quarter. SkyView Investment Advisors LLC boosted its holdings in International Money Express by 3.2% in the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company's stock worth $374,000 after purchasing an additional 637 shares in the last quarter. nVerses Capital LLC increased its position 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 buying an additional 1,200 shares during the last quarter. Foyston Gordon & Payne Inc raised its holdings in International Money Express by 8.2% during the second quarter. Foyston Gordon & Payne Inc now owns 21,798 shares of the company's stock valued at $454,000 after buying an additional 1,658 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of International Money Express by 113.7% during the 2nd quarter. Quarry LP now owns 4,760 shares of the company's stock worth $99,000 after acquiring an additional 2,533 shares in the last quarter. Hedge funds and other 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.