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

International Money Express Inc (NASDAQ:IMXI) has earned a consensus rating of “Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $15.00.

A number of equities research analysts recently commented on IMXI shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $14.00 target price on shares of International Money Express in a research report on Wednesday, March 13th. Northland Securities reiterated a “buy” rating and issued a $15.00 target price on shares of International Money Express in a research report on Wednesday, May 15th. Zacks Investment Research lowered International Money Express from a “buy” rating to a “hold” rating in a research report on Saturday, March 16th. Finally, ValuEngine upgraded International Money Express from a “hold” rating to a “buy” rating in a research report on Thursday, May 23rd.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in International Money Express in the 1st quarter worth approximately $215,000. Morgan Stanley boosted its position in International Money Express by 1,845.0% in the 1st quarter. Morgan Stanley now owns 21,317 shares of the company’s stock worth $248,000 after purchasing an additional 20,221 shares in the last quarter. Citigroup Inc. purchased a new stake in International Money Express in the 1st quarter worth approximately $277,000. Tibra Equities Europe Ltd purchased a new stake in International Money Express in the 1st quarter worth approximately $286,000. Finally, Renaissance Technologies LLC purchased a new stake in International Money Express in the 3rd quarter worth approximately $316,000. Hedge funds and other institutional investors own 31.57% of the company’s stock.

IMXI opened at $13.83 on Friday. International Money Express has a 52-week low of $9.06 and a 52-week high of $14.15. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market cap of $525.19 million and a PE ratio of -276.60.

International Money Express (NASDAQ:IMXI) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). The firm had revenue of $75.06 million for the quarter, compared to analysts’ expectations of $71.15 million. On average, analysts anticipate that International Money Express will post 0.6 earnings per share for the current fiscal year.

About International Money Express

International Money Express, Inc, through its subsidiary, operates as a money remittance services company in the United States, Latin America, Mexico, Central and South America, and the Caribbean. The company offers remittance services, including a suite of ancillary financial processing solutions and payment services.

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Analyst Recommendations for International Money Express (NASDAQ:IMXI)

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