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

International Money Express, Inc. (NASDAQ:IMXI) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $25.00.

Several equities research analysts have recently issued reports on IMXI shares. BTIG Research began coverage on shares of International Money Express in a research report on Monday, June 3rd. They set a “buy” rating and a $25.00 price objective for the company. BMO Capital Markets lifted their price target on International Money Express from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of International Money Express in a report on Thursday, May 9th.

International Money Express Price Performance

IMXI stock opened at $21.46 on Tuesday. International Money Express has a 1 year low of $15.76 and a 1 year high of $24.60. The firm has a market capitalization of $700.45 million, a P/E ratio of 12.85 and a beta of 0.84. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.68 and a quick ratio of 1.68. The business’s 50-day moving average is $20.71 and its two-hundred day moving average is $20.95.

International Money Express (NASDAQ:IMXI) last issued its earnings results on Wednesday, May 8th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. International Money Express had a net margin of 9.02% and a return on equity of 43.75%. The firm had revenue of $150.41 million for the quarter, compared to analysts’ expectations of $150.60 million. Analysts anticipate that International Money Express will post 2.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On International Money Express

Large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in shares of International Money Express in the 4th quarter valued at about $38,000. New York State Teachers Retirement System acquired a new position in International Money Express during the fourth quarter worth approximately $65,000. CWM LLC lifted its stake in International Money Express by 201.7% in the second quarter. CWM LLC now owns 3,394 shares of the company’s stock valued at $71,000 after buying an additional 2,269 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of International Money Express in the second quarter valued at approximately $91,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of International Money Express during the fourth quarter worth approximately $95,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

About International Money Express

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.