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

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

IMXI has been the subject of a number of recent research reports. Northland Securities increased their target price 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 increased their price objective on shares of International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Oppenheimer assumed coverage on shares of International Money Express in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Monness Crespi & Hardt lowered their price target on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Needham & Company LLC boosted their price objective on shares of International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th.

Institutional Trading of International Money Express

A number of hedge funds and other institutional investors have recently made changes to their positions in IMXI. Principal Financial Group Inc. acquired a new position in International Money Express during the 3rd quarter worth $633,000. American Century Companies Inc. lifted its position 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 worth $3,069,000 after purchasing an additional 45,068 shares during the last quarter. Forager Capital Management LLC grew its stake in 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 in the last quarter. First Eagle Investment Management LLC increased its holdings in 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 buying an additional 152,464 shares during the last quarter. Finally, New South Capital Management Inc. bought a new stake in International Money Express in the third quarter valued at about $17,055,000. Institutional investors own 86.71% of the company’s stock.

International Money Express Stock Down 0.5 %

Shares of NASDAQ IMXI opened at $20.68 on Friday. The stock has a fifty day moving average price of $19.95 and a 200 day moving average price of $19.48. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. International Money Express has a 12-month low of $16.17 and a 12-month high of $23.28. The company has a market cap of $643.13 million, a P/E ratio of 11.55 and a beta of 0.88.

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.