International Money Express (NASDAQ:IMXI) Stock Rating Reaffirmed by BTIG Research

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BTIG Research restated their buy rating on shares of International Money Express (NASDAQ:IMXI) in a research note released on Monday, AnalystRatings.com reports. The brokerage currently has a $20.00 price target on the stock.

A number of other equities analysts also recently weighed in on the stock. Northland Securities reaffirmed a buy rating and set a $17.00 target price on shares of International Money Express in a research note on Friday, August 9th. ValuEngine downgraded shares of International Money Express from a buy rating to a hold rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research raised shares of International Money Express from a sell rating to a hold rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $16.00.

IMXI stock opened at $14.11 on Monday. International Money Express has a 1 year low of $9.06 and a 1 year high of $15.11. The company has a market cap of $550.37 million, a P/E ratio of 57.96 and a beta of -0.31. The firm has a 50-day moving average of $14.17 and a 200 day moving average of $12.62. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.71 and a quick ratio of 1.47.

International Money Express (NASDAQ:IMXI) last released its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). International Money Express had a return on equity of 24.08% and a net margin of 0.56%. The company had revenue of $68.35 million during the quarter, compared to the consensus estimate of $68.75 million. On average, equities research analysts expect that International Money Express will post 0.58 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Anchor Capital Advisors LLC bought a new position in shares of International Money Express during the second quarter valued at approximately $1,273,000. Geode Capital Management LLC increased its stake in shares of International Money Express by 174.0% during the fourth quarter. Geode Capital Management LLC now owns 71,914 shares of the company’s stock valued at $860,000 after purchasing an additional 45,667 shares in the last quarter. Northern Trust Corp increased its stake in shares of International Money Express by 3.6% during the fourth quarter. Northern Trust Corp now owns 28,615 shares of the company’s stock valued at $342,000 after purchasing an additional 996 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of International Money Express during the second quarter valued at approximately $494,000. Finally, Renaissance Technologies LLC increased its stake in shares of International Money Express by 207.4% during the second quarter. Renaissance Technologies LLC now owns 103,600 shares of the company’s stock valued at $1,461,000 after purchasing an additional 69,900 shares in the last quarter. 31.68% of the stock is owned by institutional investors and hedge funds.

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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