Several other analysts have also issued reports on the company. Craig Hallum started coverage on International Money Express in a report on Monday, February 4th. They set a buy rating on the stock. Cantor Fitzgerald reissued a buy rating and set a $14.00 target price on shares of International Money Express in a report on Wednesday, March 13th. Northland Securities reissued a buy rating and set a $15.00 target price on shares of International Money Express in a report on Wednesday, May 15th. Finally, Zacks Investment Research lowered International Money Express from a buy rating to a hold rating in a report on Saturday, March 16th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $14.50.
IMXI opened at $13.62 on Thursday. The firm has a market cap of $517.22 million and a PE ratio of -272.40. International Money Express has a 52-week low of $9.06 and a 52-week high of $13.81. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 2.05.
Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new stake in shares of International Money Express during the 1st quarter worth $215,000. Morgan Stanley lifted its position in shares of International Money Express by 1,845.0% during 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 during the last quarter. Citigroup Inc. bought a new stake in shares of International Money Express during the 1st quarter worth $277,000. Tibra Equities Europe Ltd bought a new stake in shares of International Money Express during the 1st quarter worth $286,000. Finally, Renaissance Technologies LLC bought a new stake in shares of International Money Express during the 3rd quarter worth $316,000. Institutional investors and hedge funds own 29.80% of the company’s stock.
About International Money Express
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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