International Money Express, Inc. (NASDAQ:IMXI) Receives $24.50 Consensus PT from Analysts

Shares of International Money Express, Inc. (NASDAQ:IMXI) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $24.50.

IMXI has been the topic of a number of research reports. UBS Group cut their price objective on International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Monness Crespi & Hardt lowered International Money Express from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of International Money Express in a research report on Monday, April 7th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. purchased a new position in shares of International Money Express during the 3rd quarter valued at approximately $633,000. Barclays PLC increased its holdings in International Money Express by 137.1% in the third quarter. Barclays PLC now owns 73,260 shares of the company’s stock valued at $1,355,000 after buying an additional 42,367 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 worth $4,088,000 after acquiring an additional 17,452 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of International Money Express during the 4th quarter worth about $332,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of International Money Express during the 4th quarter valued at about $429,000. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

International Money Express Price Performance

NASDAQ IMXI opened at $12.43 on Thursday. The company has a market cap of $381.00 million, a price-to-earnings ratio of 6.94 and a beta of 1.01. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. The stock’s fifty day moving average price is $13.53 and its 200 day moving average price is $17.64. International Money Express has a 1 year low of $11.27 and a 1 year high of $22.38.

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.