Shares of International Money Express Inc (NASDAQ:IMXI) have earned a consensus recommendation of “Buy” from the eight research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $15.00.
Several equities analysts have recently weighed in on IMXI shares. Cantor Fitzgerald restated a “buy” rating and set a $14.00 price target on shares of International Money Express in a report on Wednesday, March 13th. Zacks Investment Research upgraded International Money Express from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Northland Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of International Money Express in a report on Wednesday, May 15th. Finally, ValuEngine upgraded International Money Express from a “hold” rating to a “buy” rating in a report on Thursday, May 23rd.
Shares of NASDAQ:IMXI traded down $0.08 on Friday, hitting $13.85. 1,886 shares of the company traded hands, compared to its average volume of 114,024. International Money Express has a 52 week low of $9.06 and a 52 week high of $14.15. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market capitalization of $522.26 million and a PE ratio of -275.00.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in International Money Express in the 1st quarter worth about $215,000. Morgan Stanley increased its holdings in International Money Express by 1,845.0% in the 1st quarter. Morgan Stanley now owns 21,317 shares of the company’s stock worth $248,000 after buying an additional 20,221 shares in the last quarter. Citigroup Inc. purchased a new position in International Money Express in the first quarter worth about $277,000. Tibra Equities Europe Ltd purchased a new position in International Money Express in the first quarter worth about $286,000. Finally, ExodusPoint Capital Management LP purchased a new position in International Money Express in the first quarter worth about $308,000. Institutional investors own 31.57% of the company’s stock.
International Money Express Company Profile
International Money Express, Inc, through its subsidiary, 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.
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