International Money Express (NASDAQ:IMXI) Given New $27.00 Price Target at Northland Securities

International Money Express (NASDAQ:IMXI - Get Free Report) had its target price increased by Northland Securities from $23.00 to $27.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Northland Securities' price objective points to a potential upside of 25.00% from the stock's current price.

Other research analysts also recently issued reports about the stock. BTIG Research reiterated a "neutral" rating on shares of International Money Express in a report on Wednesday, August 7th. Oppenheimer initiated coverage on International Money Express in a report on Tuesday, October 1st. They issued a "market perform" rating for the company. Monness Crespi & Hardt cut their price target on International Money Express from $30.00 to $28.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Finally, Needham & Company LLC reduced their price target on International Money Express from $25.00 to $22.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $26.40.

International Money Express Price Performance

Shares of IMXI traded up $0.90 during mid-day trading on Monday, reaching $21.60. The company had a trading volume of 578,971 shares, compared to its average volume of 257,730. The company has a market capitalization of $704.38 million, a price-to-earnings ratio of 12.07 and a beta of 0.82. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.88 and a current ratio of 1.88. The company's 50 day simple moving average is $18.08 and its 200 day simple moving average is $19.36. International Money Express has a 1-year low of $16.17 and a 1-year high of $23.28.

Institutional Investors Weigh In On International Money Express

A number of institutional investors have recently made changes to their positions in IMXI. Janney Montgomery Scott LLC bought a new stake in International Money Express in the first quarter valued at approximately $562,000. Russell Investments Group Ltd. increased its position in shares of International Money Express by 26.8% during the first quarter. Russell Investments Group Ltd. now owns 124,647 shares of the company's stock worth $2,846,000 after buying an additional 26,355 shares during the period. First Eagle Investment Management LLC raised its stake in International Money Express by 27.1% during the first quarter. First Eagle Investment Management LLC now owns 324,809 shares of the company's stock worth $7,415,000 after buying an additional 69,250 shares during the last quarter. Summit Creek Advisors LLC boosted its position in International Money Express by 0.7% during the first quarter. Summit Creek Advisors LLC now owns 404,764 shares of the company's stock valued at $9,241,000 after acquiring an additional 2,634 shares during the last quarter. Finally, Natixis bought a new stake in International Money Express during the first quarter valued at $571,000. 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.