International Money Express (NASDAQ:IMXI) Given Buy Rating at BTIG Research

BTIG Research reaffirmed their buy rating on shares of International Money Express (NASDAQ:IMXI) in a report published on Monday morning, AnalystRatings.com reports. BTIG Research currently has a $20.00 price objective on the stock.

Several other analysts also recently commented on IMXI. ValuEngine downgraded shares of International Money Express from a buy rating to a hold rating in a research report on Thursday, August 1st. Northland Securities restated a buy rating and set a $17.00 price objective on shares of International Money Express in a research report on Friday, August 9th. 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $16.00.

Shares of International Money Express stock opened at $14.11 on Monday. The company’s fifty day simple moving average is $14.17 and its 200-day simple moving average is $12.62. The stock has a market capitalization of $550.37 million, a PE ratio of 57.96 and a beta of -0.31. International Money Express has a 1-year low of $9.06 and a 1-year high of $15.11. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.71 and a quick ratio of 1.47.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). The business had revenue of $68.35 million for the quarter, compared to analysts’ expectations of $68.75 million. International Money Express had a return on equity of 24.08% and a net margin of 0.56%. As a group, research analysts anticipate that International Money Express will post 0.58 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of International Money Express during the 2nd quarter valued at $49,000. Wells Fargo & Company MN raised its position in shares of International Money Express by 12.2% during the 2nd quarter. Wells Fargo & Company MN now owns 13,640 shares of the company’s stock valued at $192,000 after purchasing an additional 1,484 shares during the period. A.R.T. Advisors LLC bought a new stake in shares of International Money Express during the 2nd quarter valued at $196,000. Northern Trust Corp raised its position in shares of International Money Express by 3.6% during the 4th quarter. Northern Trust Corp now owns 28,615 shares of the company’s stock valued at $342,000 after purchasing an additional 996 shares during the period. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of International Money Express during the 2nd quarter valued at $472,000. Hedge funds and other institutional investors own 31.68% of the company’s stock.

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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Analyst Recommendations for International Money Express (NASDAQ:IMXI)

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