International Money Express, Inc. (NASDAQ:IMXI) Receives $24.17 Consensus PT from Analysts

International Money Express, Inc. (NASDAQ:IMXI) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $24.17.

IMXI has been the topic of a number of recent research reports. Needham & Company LLC dropped their price objective on shares of International Money Express from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. BTIG Research restated a “neutral” rating on shares of International Money Express in a research report on Wednesday, August 7th. Finally, Northland Securities lowered their target price on shares of International Money Express from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th.

International Money Express Stock Up 0.7 %

International Money Express stock opened at $18.86 on Wednesday. International Money Express has a fifty-two week low of $15.76 and a fifty-two week high of $23.28. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a 50 day moving average price of $18.97 and a 200 day moving average price of $20.32. The company has a market capitalization of $615.59 million, a PE ratio of 11.29 and a beta of 0.82.

International Money Express (NASDAQ:IMXI) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm had revenue of $171.53 million for the quarter, compared to analysts’ expectations of $174.89 million. International Money Express had a return on equity of 43.97% and a net margin of 8.78%. International Money Express’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share. Research analysts expect that International Money Express will post 1.98 earnings per share for the current year.

Hedge Funds Weigh In On International Money Express

Several large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of International Money Express by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 265,611 shares of the company’s stock worth $5,867,000 after buying an additional 2,201 shares during the period. Versor Investments LP acquired a new stake in shares of International Money Express during the fourth quarter worth approximately $239,000. BNP Paribas Financial Markets boosted its holdings in shares of International Money Express by 13.0% during the fourth quarter. BNP Paribas Financial Markets now owns 47,010 shares of the company’s stock worth $1,038,000 after purchasing an additional 5,413 shares during the period. Jump Financial LLC acquired a new stake in shares of International Money Express during the fourth quarter worth approximately $501,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of International Money Express by 30.9% during the fourth quarter. Principal Financial Group Inc. now owns 23,941 shares of the company’s stock worth $529,000 after purchasing an additional 5,657 shares during the period. 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.