Brokerages Set $15.75 Target Price for International Money Express Inc (IMXI)

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International Money Express Inc (NASDAQ:IMXI) has earned a consensus broker rating score of 1.00 (Strong Buy) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. Four analysts have rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus price target of $15.75 for the company and are expecting that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also assigned International Money Express an industry rank of 211 out of 256 based on the ratings given to related companies.

Several equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of International Money Express from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $15.00 target price on shares of International Money Express in a research note on Sunday, December 16th. Finally, Piper Jaffray Companies assumed coverage on shares of International Money Express in a research note on Thursday, December 6th. They issued an “overweight” rating for the company.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc bought a new stake in International Money Express in the third quarter valued at approximately $923,000. Marshall Wace LLP bought a new stake in shares of International Money Express during the third quarter worth $442,000. Vanguard Group Inc. bought a new stake in shares of International Money Express during the third quarter worth $923,000. King Luther Capital Management Corp bought a new stake in shares of International Money Express during the third quarter worth $301,000. Finally, Renaissance Technologies LLC bought a new stake in shares of International Money Express during the third quarter worth $316,000. 25.17% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:IMXI traded down $0.08 during trading hours on Wednesday, hitting $11.72. The stock had a trading volume of 206 shares, compared to its average volume of 85,222. International Money Express has a one year low of $9.06 and a one year high of $13.38. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.75.

International Money Express (NASDAQ:IMXI) last issued its earnings results on Tuesday, November 13th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.21). The business had revenue of $72.51 million for the quarter, compared to analysts’ expectations of $67.60 million. As a group, equities research analysts anticipate that International Money Express will post 0.66 earnings per share for the current fiscal year.

International Money Express Company Profile

International Money Express, Inc operates as a money remittance services company in the United States, Latin America, Mexico, Central and South America, and the Caribbean. The company offers remittance services, including a suite of ancillary financial processing solutions and payment services. It provides sending and paying agents and company-owned stores, as well as online and through Internet-enabled mobile devices.

Further Reading: What is a Leveraged Buyout (LBO)?

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