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

Shares of International Money Express, Inc. (NASDAQ:IMXI) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $27.00.

Several equities analysts have weighed in on the company. Monness Crespi & Hardt lowered International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Needham & Company LLC raised their price objective on International Money Express from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Northland Securities upped their target price on International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, BMO Capital Markets boosted 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 note on Monday, November 11th.

International Money Express Price Performance

Shares of IMXI opened at $18.43 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market cap of $573.17 million, a PE ratio of 10.30 and a beta of 0.87. International Money Express has a twelve month low of $16.17 and a twelve month high of $23.28. The firm’s 50 day moving average price is $20.44 and its 200 day moving average price is $19.36.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. bought a new position in shares of International Money Express during the third quarter valued at $633,000. Barclays PLC raised its stake in shares of International Money Express by 137.1% in the third quarter. Barclays PLC now owns 73,260 shares of the company’s stock valued at $1,355,000 after acquiring an additional 42,367 shares during the last quarter. Forager Capital Management LLC boosted its holdings in shares of International Money Express by 27.1% in the 3rd quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company’s stock worth $22,580,000 after acquiring an additional 260,000 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in International Money Express by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 221,109 shares of the company’s stock worth $4,088,000 after purchasing an additional 17,452 shares in the last quarter. Finally, New South Capital Management Inc. acquired a new stake in International Money Express in the 3rd quarter valued at about $17,055,000. Institutional investors and hedge funds 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.