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

Shares of International Money Express, Inc. (NASDAQ:IMXI) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $27.00.

Several equities research analysts have recently issued reports on IMXI shares. Oppenheimer started coverage on shares of International Money Express in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Monness Crespi & Hardt lowered their target price on International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, November 4th. 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 note on Monday, November 11th. BMO Capital Markets upped their price objective on International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC lifted their target price 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.

Institutional Trading of International Money Express

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its stake in International Money Express by 23.4% in the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock valued at $240,000 after purchasing an additional 2,182 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of International Money Express by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 221,109 shares of the company’s stock valued at $4,088,000 after buying an additional 17,452 shares in the last quarter. Principal Financial Group Inc. acquired a new position in International Money Express during the third quarter worth $633,000. 272 Capital LP bought a new stake in International Money Express during the third quarter worth $1,113,000. Finally, SkyView Investment Advisors LLC lifted its stake 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 valued at $374,000 after acquiring an additional 637 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Price Performance

Shares of IMXI opened at $21.04 on Tuesday. 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 capitalization of $654.34 million, a PE ratio of 11.75 and a beta of 0.89. The stock has a 50 day simple moving average of $20.98 and a 200 day simple moving average of $19.48. International Money Express has a 52-week low of $16.17 and a 52-week high of $23.28.

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.