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

Shares of International Money Express, Inc. (NASDAQ:IMXI) have received a consensus rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $27.00.

Several research firms have commented on IMXI. Needham & Company LLC upped their price objective on International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. BTIG Research restated a “neutral” rating on shares of International Money Express in a research report on Wednesday, August 7th. BMO Capital Markets upped their price objective on shares of International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Monness Crespi & Hardt dropped their target price 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, Northland Securities upped their price target on International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, November 11th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new stake in International Money Express during the 3rd quarter worth approximately $633,000. Price T Rowe Associates Inc. MD boosted its stake in shares of International Money Express by 95.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 97,072 shares of the company’s stock worth $2,217,000 after acquiring an additional 47,385 shares during the last quarter. American Century Companies Inc. increased its position in shares of International Money Express by 44.1% during the second quarter. American Century Companies Inc. now owns 147,260 shares of the company’s stock worth $3,069,000 after purchasing an additional 45,068 shares in the last quarter. First Eagle Investment Management LLC raised its stake in International Money Express by 46.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company’s stock valued at $9,946,000 after purchasing an additional 152,464 shares during the last quarter. Finally, New South Capital Management Inc. purchased a new position in International Money Express in the 3rd quarter valued at $17,055,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Price Performance

NASDAQ:IMXI opened at $21.07 on Monday. The firm’s fifty day moving average is $18.93 and its two-hundred day moving average is $19.44. The firm has a market cap of $655.26 million, a price-to-earnings ratio of 11.77 and a beta of 0.82. International Money Express has a one year low of $16.17 and a one year high of $23.28. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80.

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.