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

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

A number of brokerages have recently weighed in on IMXI. Needham & Company LLC lifted 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. Oppenheimer initiated coverage on International Money Express in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Northland Securities lifted 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. Monness Crespi & Hardt dropped their price target 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 lifted their price objective on 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 Price Performance

IMXI opened at $21.04 on Tuesday. The stock’s 50 day simple moving average is $20.99 and its 200 day simple moving average is $19.48. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. International Money Express has a 1 year low of $16.17 and a 1 year high of $23.28. The firm has a market cap of $654.34 million, a price-to-earnings ratio of 11.75 and a beta of 0.89.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IMXI. New South Capital Management Inc. purchased a new position in shares of International Money Express in the third quarter worth $17,055,000. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of International Money Express in the third quarter worth $4,854,000. Forager Capital Management LLC raised its stake in shares of International Money Express by 27.1% in the third quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company’s stock worth $22,580,000 after purchasing an additional 260,000 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of International Money Express in the third quarter worth $4,598,000. Finally, First Eagle Investment Management LLC increased its position in International Money Express by 46.9% during the second quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company’s stock valued at $9,946,000 after acquiring an additional 152,464 shares during 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.