International Money Express Inc (NASDAQ:IMXI) Receives Consensus Recommendation of “Buy” from Brokerages

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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.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm had revenue of $68.35 million during the quarter, compared to analysts’ expectations of $68.75 million. On average, sell-side analysts anticipate that International Money Express will post 0.6 earnings per share for the current fiscal year.

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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Analyst Recommendations for International Money Express (NASDAQ:IMXI)

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