Brokerages Set International Money Express, Inc. (NASDAQ:IMXI) Price Target at $27.00

International Money Express, Inc. (NASDAQ:IMXI) has received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $27.00.

A number of equities research analysts recently commented on the stock. Northland Securities increased their price objective on shares of International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Needham & Company LLC lifted their price objective 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. Monness Crespi & Hardt decreased their target price on shares of 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. BMO Capital Markets boosted their price target on International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Oppenheimer initiated coverage on International Money Express in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock.

Institutional Trading of International Money Express

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in International Money Express by 5.8% during the second quarter. Bank of New York Mellon Corp now owns 126,966 shares of the company’s stock worth $2,646,000 after acquiring an additional 6,970 shares during the period. Rhumbline Advisers boosted its position in International Money Express by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 45,877 shares of the company’s stock worth $956,000 after acquiring an additional 452 shares during the period. American Century Companies Inc. increased its holdings 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 valued at $3,069,000 after purchasing an additional 45,068 shares during the period. Renaissance Technologies LLC lifted its holdings in International Money Express by 83.8% in the second quarter. Renaissance Technologies LLC now owns 130,700 shares of the company’s stock worth $2,724,000 after purchasing an additional 59,600 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in shares of International Money Express by 46.9% in 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 in the last quarter. 86.71% of the stock is owned by institutional investors.

International Money Express Price Performance

International Money Express stock opened at $21.21 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. International Money Express has a one year low of $16.17 and a one year high of $23.28. The company has a market cap of $659.63 million, a P/E ratio of 11.85 and a beta of 0.89. The business has a fifty day moving average of $20.99 and a two-hundred day moving average of $19.48.

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.