International Money Express, Inc. (NASDAQ:IMXI) Given Average Recommendation of “Moderate Buy” by Brokerages

International Money Express, Inc. (NASDAQ:IMXI) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. Two investment 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 brokers that have covered the stock in the last year is $25.60.

A number of equities analysts recently weighed in on IMXI shares. Oppenheimer assumed coverage on International Money Express in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Northland Securities lowered their price objective on shares of International Money Express from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. BTIG Research reaffirmed a “neutral” rating on shares of International Money Express in a report on Wednesday, August 7th. Needham & Company LLC lowered their price target on shares of 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. Finally, Monness Crespi & Hardt reduced their price objective on International Money Express from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday.

International Money Express Price Performance

Shares of NASDAQ:IMXI opened at $18.39 on Thursday. International Money Express has a one year low of $16.17 and a one year high of $23.28. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $599.66 million, a price-to-earnings ratio of 11.01 and a beta of 0.82. The company’s fifty day moving average price is $18.01 and its 200-day moving average price is $19.41.

International Money Express (NASDAQ:IMXI) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). International Money Express had a net margin of 8.78% and a return on equity of 43.97%. The firm had revenue of $171.53 million for the quarter, compared to analysts’ expectations of $174.89 million. During the same quarter in the previous year, the business earned $0.46 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities research analysts anticipate that International Money Express will post 1.97 earnings per share for the current fiscal year.

Institutional Trading of International Money Express

A number of institutional investors have recently modified their holdings of the company. Rhumbline Advisers raised its position in International Money Express by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 45,877 shares of the company’s stock valued at $956,000 after purchasing an additional 452 shares during the last quarter. nVerses Capital LLC raised its holdings in shares of International Money Express by 133.3% during the third quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $39,000 after acquiring an additional 1,200 shares in the last quarter. Foyston Gordon & Payne Inc lifted its stake in International Money Express by 8.2% in the second quarter. Foyston Gordon & Payne Inc now owns 21,798 shares of the company’s stock worth $454,000 after acquiring an additional 1,658 shares during the period. Lazard Asset Management LLC lifted its stake in International Money Express by 41.5% in the first quarter. Lazard Asset Management LLC now owns 6,319 shares of the company’s stock worth $143,000 after acquiring an additional 1,853 shares during the period. Finally, Riverwater Partners LLC boosted its holdings in International Money Express by 14.9% in the second quarter. Riverwater Partners LLC now owns 14,833 shares of the company’s stock valued at $309,000 after acquiring an additional 1,926 shares in the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

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.