International Money Express, Inc. (NASDAQ:IMXI) Receives Consensus Rating of "Hold" from Brokerages

International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) has been assigned an average recommendation of "Hold" from the seven brokerages that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $20.50.

Several brokerages have weighed in on IMXI. UBS Group dropped their price objective on International Money Express from $17.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price objective on shares of International Money Express in a report on Monday, April 7th. Monness Crespi & Hardt cut International Money Express from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets cut International Money Express from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $18.00 to $11.00 in a report on Friday, May 9th.

Hedge Funds Weigh In On International Money Express

A number of institutional investors have recently modified their holdings of IMXI. LSV Asset Management raised its holdings in shares of International Money Express by 40.7% during the 4th quarter. LSV Asset Management now owns 1,082,780 shares of the company's stock worth $22,554,000 after buying an additional 313,303 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of International Money Express during the 4th quarter worth $6,098,000. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of International Money Express by 92.8% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 537,740 shares of the company's stock worth $6,786,000 after buying an additional 258,820 shares in the last quarter. LPL Financial LLC acquired a new position in International Money Express in the 4th quarter worth about $4,440,000. Finally, New South Capital Management Inc. increased its holdings in International Money Express by 22.7% in the 4th quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company's stock worth $23,582,000 after purchasing an additional 209,711 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

International Money Express Stock Performance

NASDAQ:IMXI opened at $11.51 on Monday. The stock has a market cap of $346.77 million, a P/E ratio of 6.43 and a beta of 1.23. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. The stock has a 50 day simple moving average of $12.32 and a 200 day simple moving average of $17.01. International Money Express has a 1-year low of $10.07 and a 1-year high of $22.38.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.