International Money Express (IMXI) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of International Money Express (NASDAQ:IMXI) from a hold rating to a buy rating in a research note issued to investors on Thursday, ValuEngine reports.

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.



International Money Express (NASDAQ:IMXI) last released its earnings results on Tuesday, March 12th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). The firm had revenue of $75.06 million during the quarter, compared to the consensus estimate of $71.15 million. Equities analysts forecast that International Money Express will post 0.6 earnings per share for the current year.

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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Analyst Recommendations for International Money Express (NASDAQ:IMXI)

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