Shares of International Money Express, Inc. (NASDAQ:IMXI – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $24.17.
Several brokerages recently commented on IMXI. Oppenheimer began coverage on shares of International Money Express in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Northland Securities dropped their target price on shares of International Money Express from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC dropped their target price on shares of International Money Express from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, BTIG Research reiterated a “neutral” rating on shares of International Money Express in a report on Wednesday, August 7th.
Read Our Latest Research Report on International Money Express
Institutional Trading of International Money Express
International Money Express Stock Up 2.0 %
International Money Express stock opened at $17.51 on Friday. The company has a market capitalization of $571.53 million, a P/E ratio of 10.49 and a beta of 0.81. The firm’s fifty day simple moving average is $18.39 and its 200-day simple moving average is $20.12. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.57. International Money Express has a 1-year low of $15.76 and a 1-year high of $23.28.
International Money Express (NASDAQ:IMXI – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $171.53 million for the quarter, compared to the consensus estimate of $174.89 million. International Money Express had a net margin of 8.78% and a return on equity of 43.97%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. Sell-side analysts forecast that International Money Express will post 1.98 earnings per share for the current fiscal year.
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.
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