International Money Express (NASDAQ:IMXI) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

International Money Express (NASDAQ:IMXIFree Report) had its price objective raised by BMO Capital Markets from $27.00 to $30.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued reports about the stock. Northland Securities lifted their target price on shares of International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Monday. Monness Crespi & Hardt cut their price objective on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, November 4th. Oppenheimer began coverage on shares of International Money Express in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Needham & Company LLC cut their price target on International Money Express from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, BTIG Research reiterated a “neutral” rating on shares of International Money Express in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Check Out Our Latest Research Report on International Money Express

International Money Express Stock Down 0.7 %

International Money Express stock opened at $21.59 on Monday. International Money Express has a 52 week low of $16.17 and a 52 week high of $23.28. The firm has a market cap of $671.45 million, a price-to-earnings ratio of 12.06 and a beta of 0.82. The business’s 50-day moving average price is $18.30 and its 200 day moving average price is $19.38. The company has a quick ratio of 1.88, a current ratio of 1.80 and a debt-to-equity ratio of 1.12.

Institutional Investors Weigh In On International Money Express

Several institutional investors have recently bought and sold shares of IMXI. New South Capital Management Inc. purchased a new position in International Money Express in the 3rd quarter valued at $17,055,000. LSV Asset Management lifted its stake in shares of International Money Express by 5.2% in the second quarter. LSV Asset Management now owns 728,977 shares of the company’s stock worth $15,192,000 after buying an additional 36,124 shares in the last quarter. Royce & Associates LP boosted its position in International Money Express by 9.8% during the third quarter. Royce & Associates LP now owns 557,189 shares of the company’s stock worth $10,302,000 after acquiring an additional 49,582 shares during the last quarter. First Eagle Investment Management LLC grew its stake in International Money Express by 46.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company’s stock valued at $9,946,000 after acquiring an additional 152,464 shares in the last quarter. Finally, Summit Creek Advisors LLC raised its holdings in International Money Express by 0.7% in the 1st quarter. Summit Creek Advisors LLC now owns 404,764 shares of the company’s stock valued at $9,241,000 after acquiring an additional 2,634 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

International Money Express Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for International Money Express (NASDAQ:IMXI)

Receive News & Ratings for International Money Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Money Express and related companies with MarketBeat.com's FREE daily email newsletter.