International Money Express, Inc. (NASDAQ:IMXI) Receives $24.50 Average Target Price from Analysts

International Money Express, Inc. (NASDAQ:IMXI) has been assigned a consensus rating of “Hold” from the seven research firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $24.50.

IMXI has been the subject of a number of analyst reports. Monness Crespi & Hardt lowered shares of International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. UBS Group reduced their price target on International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Finally, Needham & Company LLC dropped their price objective on International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 3rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. bought a new position in shares of International Money Express during the 3rd quarter valued at about $633,000. Barclays PLC raised its holdings in International Money Express by 137.1% during the 3rd quarter. Barclays PLC now owns 73,260 shares of the company’s stock worth $1,355,000 after buying an additional 42,367 shares during the period. Forager Capital Management LLC lifted 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 valued at $22,580,000 after buying an additional 260,000 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings 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 valued at $4,088,000 after buying an additional 17,452 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of International Money Express during the third quarter worth $4,598,000. 86.71% of the stock is owned by institutional investors and hedge funds.

International Money Express Stock Up 1.3 %

Shares of NASDAQ:IMXI opened at $12.78 on Friday. 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 has a market cap of $391.73 million, a price-to-earnings ratio of 7.14 and a beta of 0.87. The company has a 50 day moving average of $16.23 and a 200-day moving average of $18.49. International Money Express has a one year low of $12.42 and a one year high of $23.02.

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.