Brokerages Set INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI) Price Target at $19.60

Shares of INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI) have received an average rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $19.60.

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of INTERNATIONAL MONEY EXPRESS from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Wall Street Zen raised shares of INTERNATIONAL MONEY EXPRESS from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Northland Capmk cut shares of INTERNATIONAL MONEY EXPRESS from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Finally, Zacks Research raised shares of INTERNATIONAL MONEY EXPRESS from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th.

INTERNATIONAL MONEY EXPRESS Stock Performance

NASDAQ IMXI opened at $14.76 on Thursday. The stock has a market cap of $438.08 million, a P/E ratio of 9.00 and a beta of 0.90. The company’s 50-day simple moving average is $14.47 and its 200 day simple moving average is $12.12. INTERNATIONAL MONEY EXPRESS has a twelve month low of $8.58 and a twelve month high of $22.37. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.13.

Hedge Funds Weigh In On INTERNATIONAL MONEY EXPRESS

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. boosted its position in INTERNATIONAL MONEY EXPRESS by 3.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 28,700 shares of the company’s stock valued at $362,000 after buying an additional 1,000 shares in the last quarter. First Trust Advisors LP boosted its position in INTERNATIONAL MONEY EXPRESS by 2.1% in the second quarter. First Trust Advisors LP now owns 93,410 shares of the company’s stock valued at $943,000 after buying an additional 1,881 shares in the last quarter. Invesco Ltd. boosted its position in INTERNATIONAL MONEY EXPRESS by 3.3% in the first quarter. Invesco Ltd. now owns 68,837 shares of the company’s stock valued at $869,000 after buying an additional 2,194 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in INTERNATIONAL MONEY EXPRESS by 19.0% in the second quarter. PNC Financial Services Group Inc. now owns 13,935 shares of the company’s stock valued at $141,000 after buying an additional 2,224 shares in the last quarter. Finally, Quarry LP acquired a new position in INTERNATIONAL MONEY EXPRESS in the first quarter valued at about $31,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

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.