International Money Express (NASDAQ:IMXI) Given New $30.00 Price Target at BMO Capital Markets

International Money Express (NASDAQ:IMXI) had its price target increased by stock analysts at BMO Capital Markets from $27.00 to $30.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 37.93% from the stock’s current price.

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

International Money Express Stock Performance

NASDAQ:IMXI opened at $21.75 on Monday. The company has a market cap of $709.27 million, a P/E ratio of 12.15 and a beta of 0.82. International Money Express has a twelve month low of $16.17 and a twelve month high of $23.28. The company’s 50-day moving average price is $18.22 and its 200-day moving average price is $19.37. 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 Trading of International Money Express

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers lifted its position in International Money Express by 1.0% in the second quarter. Rhumbline Advisers now owns 45,877 shares of the company’s stock valued at $956,000 after buying an additional 452 shares during the last quarter. nVerses Capital LLC raised its stake in shares of International Money Express by 133.3% in the 3rd 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 during the period. Foyston Gordon & Payne Inc lifted its holdings in shares of International Money Express by 8.2% in the 2nd 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 last quarter. Lazard Asset Management LLC increased its holdings in International Money Express by 41.5% in the 1st quarter. Lazard Asset Management LLC now owns 6,319 shares of the company’s stock valued at $143,000 after purchasing an additional 1,853 shares during the last quarter. Finally, Riverwater Partners LLC raised its position 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 purchasing an additional 1,926 shares during the period. 86.71% of the stock is owned by institutional investors and hedge funds.

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.