International Money Express, Inc. (NASDAQ:IMXI) Receives $27.00 Average Target Price from Analysts

Shares of International Money Express, Inc. (NASDAQ:IMXI) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $27.00.

Several equities research analysts recently commented on the company. Northland Securities upped their target price on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. BMO Capital Markets raised their price objective on shares of International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Monness Crespi & Hardt lowered shares of International Money Express from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Finally, Needham & Company LLC increased their target price on shares of International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IMXI. New South Capital Management Inc. acquired a new stake in shares of International Money Express in the 3rd quarter worth about $17,055,000. LSV Asset Management raised its stake in shares of International Money Express by 40.7% in the fourth quarter. LSV Asset Management now owns 1,082,780 shares of the company’s stock worth $22,554,000 after purchasing an additional 313,303 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of International Money Express in the fourth quarter valued at approximately $6,098,000. Hotchkis & Wiley Capital Management LLC bought a new stake in International Money Express during the third quarter worth $4,854,000. Finally, Forager Capital Management LLC raised its position in International Money Express by 27.1% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Price Performance

IMXI stock opened at $18.43 on Friday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. The company’s fifty day simple moving average is $20.15 and its 200 day simple moving average is $19.28. International Money Express has a 12-month low of $16.17 and a 12-month high of $23.28. The firm has a market cap of $573.17 million, a price-to-earnings ratio of 10.30 and a beta of 0.87.

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.