International Money Express Inc (NASDAQ:IMXI) has been assigned an average recommendation of “Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $15.00.
Several equities analysts recently issued reports on IMXI shares. Northland Securities reissued a “buy” rating and set a $15.00 price target on shares of International Money Express in a report on Wednesday, May 15th. ValuEngine cut shares of International Money Express from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Zacks Investment Research upgraded shares of International Money Express from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd.
Large investors have recently added to or reduced their stakes in the business. Anchor Capital Advisors LLC purchased a new position in International Money Express during the 2nd quarter valued at approximately $1,273,000. Strs Ohio purchased a new position in International Money Express during the 2nd quarter valued at approximately $49,000. Hennessy Advisors Inc. purchased a new position in International Money Express during the 2nd quarter valued at approximately $494,000. Tibra Equities Europe Ltd purchased a new position in International Money Express during the 1st quarter valued at approximately $286,000. Finally, Geode Capital Management LLC grew its holdings in International Money Express by 174.0% during the 4th quarter. Geode Capital Management LLC now owns 71,914 shares of the company’s stock valued at $860,000 after buying an additional 45,667 shares in the last quarter. Hedge funds and other institutional investors own 31.65% of the company’s stock.
IMXI stock traded down $0.15 during trading on Monday, hitting $13.69. 85,506 shares of the stock traded hands, compared to its average volume of 108,220. International Money Express has a one year low of $9.06 and a one year high of $15.11. The stock has a market cap of $519.95 million, a PE ratio of -273.80 and a beta of -0.30. The stock has a 50 day moving average of $14.26. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.47 and a current ratio of 1.47.
International Money Express (NASDAQ:IMXI) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $68.35 million for the quarter, compared to analysts’ expectations of $68.75 million. As a group, research analysts forecast that International Money Express will post 0.6 EPS for the current 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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