International Money Express, Inc. (NASDAQ:IMXI) Receives $19.60 Consensus Target Price from Brokerages

Key Points

• International Money Express, Inc. has received an average analyst rating of "Hold" with five analysts recommending holding the stock and two analysts recommending buying it.
• The average 12-month price target for the stock is $19.60, although recent ratings from different analysts have varied, with targets ranging from $11.00 to $12.00.
• Institutional investors own 86.71% of International Money Express shares, with significant increases in holdings reported by several investment firms recently.

International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) has received a consensus rating of "Hold" from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $19.60.

IMXI has been the topic of a number of research analyst reports. Zacks Research downgraded shares of International Money Express from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Wall Street Zen raised shares of International Money Express from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Northland Capmk downgraded shares of International Money Express from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. BMO Capital Markets downgraded shares of International Money Express from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $18.00 to $11.00 in a research report on Friday, May 9th. Finally, UBS Group decreased their target price on shares of International Money Express from $17.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, May 9th.

Institutional Trading of International Money Express

Several large investors have recently added to or reduced their stakes in IMXI. Wells Fargo & Company MN grew its position in International Money Express by 51.0% in the fourth quarter. Wells Fargo & Company MN now owns 14,960 shares of the company's stock worth $312,000 after acquiring an additional 5,050 shares in the last quarter. Invesco Ltd. grew its position in International Money Express by 5.2% in the fourth quarter. Invesco Ltd. now owns 66,643 shares of the company's stock worth $1,388,000 after acquiring an additional 3,322 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of International Money Express in the fourth quarter worth $169,000. Northern Trust Corp lifted its stake in shares of International Money Express by 3.6% in the fourth quarter. Northern Trust Corp now owns 290,815 shares of the company's stock worth $6,058,000 after buying an additional 9,990 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of International Money Express in the fourth quarter worth $472,000. 86.71% of the stock is owned by institutional investors.

International Money Express Price Performance

IMXI remained flat at $14.50 on Wednesday. 248,442 shares of the company were exchanged, compared to its average volume of 1,294,726. The business has a 50-day moving average price of $11.23 and a 200 day moving average price of $12.18. International Money Express has a 52-week low of $8.58 and a 52-week high of $22.37. The stock has a market cap of $430.42 million, a P/E ratio of 8.84 and a beta of 0.96. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.13.

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.