International Money Express (NASDAQ:IMXI) Price Target Raised to $30.00

International Money Express (NASDAQ:IMXI) had its price objective raised by BMO Capital Markets from $27.00 to $30.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also weighed in on IMXI. Oppenheimer began coverage on International Money Express in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Needham & Company LLC decreased their price target on International Money Express from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Monness Crespi & Hardt lowered their price objective on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Northland Securities raised their price target on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday. Finally, BTIG Research reiterated a “neutral” rating on shares of International Money Express in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

International Money Express Trading Up 4.3 %

Shares of NASDAQ:IMXI opened at $21.60 on Monday. The stock has a 50 day moving average of $18.08 and a 200 day moving average of $19.36. The company has a market cap of $704.38 million, a PE ratio of 12.07 and a beta of 0.82. International Money Express has a 12-month low of $16.17 and a 12-month high of $23.28. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.57.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new stake in shares of International Money Express during the first quarter valued at about $562,000. Russell Investments Group Ltd. boosted its holdings in International Money Express by 26.8% during the 1st quarter. Russell Investments Group Ltd. now owns 124,647 shares of the company’s stock valued at $2,846,000 after acquiring an additional 26,355 shares during the period. First Eagle Investment Management LLC grew its position in International Money Express by 27.1% in the 1st quarter. First Eagle Investment Management LLC now owns 324,809 shares of the company’s stock valued at $7,415,000 after acquiring an additional 69,250 shares in the last quarter. Summit Creek Advisors LLC lifted its position in shares of International Money Express by 0.7% during the first quarter. Summit Creek Advisors LLC now owns 404,764 shares of the company’s stock worth $9,241,000 after purchasing an additional 2,634 shares in the last quarter. Finally, Natixis purchased a new stake in International Money Express during the 1st quarter worth approximately $571,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Company Profile

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.