International Money Express Inc (IMXI) Receives Consensus Rating of “Buy” from Analysts

Shares of International Money Express Inc (NASDAQ:IMXI) have received a consensus rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $15.50.

Several equities research analysts have commented on IMXI shares. Zacks Investment Research upgraded shares of International Money Express from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, November 14th. Craig Hallum started coverage on shares of International Money Express in a research note on Monday, February 4th. They issued a “buy” rating for the company. Piper Jaffray Companies started coverage on shares of International Money Express in a research note on Thursday, December 6th. They issued an “overweight” rating for the company. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $15.00 price objective on shares of International Money Express in a research note on Sunday, December 16th.

Several hedge funds have recently modified their holdings of IMXI. King Luther Capital Management Corp purchased a new stake in shares of International Money Express during the 3rd quarter worth approximately $301,000. Renaissance Technologies LLC purchased a new stake in shares of International Money Express during the 3rd quarter worth approximately $316,000. Marshall Wace LLP purchased a new stake in shares of International Money Express during the 3rd quarter worth approximately $442,000. Vanguard Group Inc purchased a new stake in shares of International Money Express during the 3rd quarter worth approximately $923,000. Finally, Vanguard Group Inc. purchased a new stake in shares of International Money Express during the 3rd quarter worth approximately $923,000. Institutional investors own 25.32% of the company’s stock.



NASDAQ:IMXI traded down $0.03 on Monday, hitting $11.47. The stock had a trading volume of 27,300 shares, compared to its average volume of 64,245. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.75. International Money Express has a 1 year low of $9.06 and a 1 year high of $13.38.

International Money Express (NASDAQ:IMXI) last posted its quarterly earnings data 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. Equities analysts forecast that International Money Express will post 0.66 earnings per share for the current 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.

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Analyst Recommendations for International Money Express (NASDAQ:IMXI)

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