International Money Express (NASDAQ:IMXI) PT Raised to $32.00 at BMO Capital Markets

International Money Express (NASDAQ:IMXI – Get Rating) had its price objective hoisted by BMO Capital Markets from $30.00 to $32.00 in a research note released on Friday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Separately, JMP Securities raised their price target on International Money Express from $27.00 to $31.00 and gave the company a market outperform rating in a report on Thursday, March 9th.

International Money Express Stock Performance

NASDAQ IMXI opened at $24.19 on Friday. The stock has a market capitalization of $896.48 million, a PE ratio of 16.23 and a beta of 0.46. The business has a 50 day simple moving average of $24.14 and a two-hundred day simple moving average of $23.40. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.38 and a quick ratio of 2.38. International Money Express has a 1-year low of $17.78 and a 1-year high of $28.24.

Hedge Funds Weigh In On International Money Express

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of International Money Express by 3.5% in the 1st quarter. BlackRock Inc. now owns 2,640,069 shares of the company’s stock worth $54,410,000 after purchasing an additional 89,670 shares during the period. Vanguard Group Inc. boosted its holdings in shares of International Money Express by 6.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,351,130 shares of the company’s stock worth $53,583,000 after purchasing an additional 152,090 shares during the period. Brown Advisory Inc. purchased a new position in shares of International Money Express in the 3rd quarter worth approximately $34,630,000. Steamboat Capital Partners LLC boosted its holdings in shares of International Money Express by 33.0% in the 4th quarter. Steamboat Capital Partners LLC now owns 1,330,977 shares of the company’s stock worth $32,436,000 after purchasing an additional 330,242 shares during the period. Finally, Voss Capital LLC boosted its holdings in International Money Express by 29.6% during the 4th quarter. Voss Capital LLC now owns 1,276,577 shares of the company’s stock valued at $31,110,000 after acquiring an additional 291,577 shares during the period. Hedge funds and other institutional investors own 87.49% of the company’s stock.

International Money Express Company Profile

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International Money Express, Inc engages in the provision of money transmittal services. It offers online money transfer, in person wire transfer, check processing, prepaid debit card, bill payment, and telewire services. The company was founded in 1994 and is headquartered in Miami, FL.