Analysts Set International Money Express, Inc. (NASDAQ:IMXI) Price Target at $19.60

Key Points

• International Money Express, Inc. (NASDAQ:IMXI) has received a consensus recommendation of "Hold" from seven research firms, with an average price target of $19.60.
• Recent analyst reports include UBS Group lowering its target price to $12.00 and Needham & Company maintaining a "Buy" rating with a target of $20.00.
• The company's shares opened at $8.71 and have a market cap of $262.43 million, indicating significant price fluctuations over the past year.

Shares of International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) have earned an average recommendation of "Hold" from the seven research firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $19.60.

A number of research analysts recently issued reports on IMXI shares. BMO Capital Markets lowered International Money Express from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $18.00 to $11.00 in a report on Friday, May 9th. UBS Group cut their price target on International Money Express from $17.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th.

International Money Express Trading Up 4.3%

Shares of IMXI traded up $0.39 during midday trading on Friday, hitting $9.36. 264,502 shares of the stock were exchanged, compared to its average volume of 325,725. International Money Express has a 52-week low of $8.58 and a 52-week high of $22.37. The stock has a fifty day simple moving average of $10.20 and a 200 day simple moving average of $12.91. The firm has a market cap of $281.90 million, a P/E ratio of 5.55 and a beta of 1.02. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.75 and a current ratio of 1.75.

Institutional Trading of International Money Express

Several institutional investors and hedge funds have recently made changes to their positions in IMXI. American Century Companies Inc. lifted its holdings in shares of International Money Express by 37.4% in the 4th quarter. American Century Companies Inc. now owns 251,900 shares of the company's stock valued at $5,247,000 after purchasing an additional 68,545 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in International Money Express during the 4th quarter valued at approximately $429,000. LPL Financial LLC purchased a new stake in International Money Express during the 4th quarter valued at approximately $4,440,000. JPMorgan Chase & Co. raised its stake in International Money Express by 33.9% during the 4th quarter. JPMorgan Chase & Co. now owns 295,983 shares of the company's stock valued at $6,165,000 after acquiring an additional 74,874 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in International Money Express during the 4th quarter valued at approximately $6,098,000. 86.71% of the stock is owned by hedge funds and other institutional investors.

International Money Express Company Profile

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.