Brokerages Set International Money Express, Inc. (NASDAQ:IMXI) Price Target at $27.00

Shares of International Money Express, Inc. (NASDAQ:IMXI) have been given an average rating of “Moderate Buy” by the six ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $27.00.

IMXI has been the subject of several analyst reports. Oppenheimer initiated coverage on International Money Express in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. 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 report on Monday, November 11th. Needham & Company LLC raised their target price on International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Monness Crespi & Hardt dropped their price target on International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, BMO Capital Markets raised their price target on International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 11th.

Institutional Investors Weigh In On International Money Express

Hedge funds and other institutional investors have recently bought and sold shares of the business. New South Capital Management Inc. acquired a new stake in shares of International Money Express in the 3rd quarter valued at $17,055,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of International Money Express in the 3rd quarter valued at $4,854,000. Forager Capital Management LLC increased its stake in shares of International Money Express by 27.1% in the 3rd quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company’s stock valued at $22,580,000 after buying an additional 260,000 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of International Money Express in the 3rd quarter valued at $4,598,000. Finally, First Eagle Investment Management LLC grew its stake in shares of International Money Express by 46.9% during the second quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company’s stock worth $9,946,000 after purchasing an additional 152,464 shares during the period. 86.71% of the stock is owned by institutional investors and hedge funds.

International Money Express Price Performance

International Money Express stock opened at $21.10 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market capitalization of $656.21 million, a PE ratio of 11.75 and a beta of 0.82. International Money Express has a one year low of $16.17 and a one year high of $23.28. The business has a 50 day simple moving average of $18.81 and a 200 day simple moving average of $19.43.

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.