International Money Express, Inc. (NASDAQ:IMXI – Get Free Report) 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.
View Our Latest Report on International Money Express
International Money Express Price Performance
International Money Express (NASDAQ:IMXI – Get Free Report) 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.
See Also
- Five stocks we like better than International Money Express
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Survey: Top 175 Fittest Retirement Locations in America
- Conference Calls and Individual Investors
- Kimberly-Clark Stock Dips and a Buying Opportunity Emerges
- Insider Trading – What You Need to Know
- Leading Gold Stock Shines With Q2 2024 Earnings Release
Receive News & Ratings for International Money Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Money Express and related companies with MarketBeat.com's FREE daily email newsletter.