ValuEngine upgraded shares of International Money Express (NASDAQ:IMXI) from a hold rating to a buy rating in a research report sent to investors on Thursday, ValuEngine reports.

IMXI has been the subject of several other research reports. Zacks Investment Research downgraded International Money Express from a hold rating to a sell rating in a research note on Friday, May 17th. Craig Hallum started coverage on International Money Express in a research report on Monday, February 4th. They set a buy rating for the company. Cantor Fitzgerald reiterated a buy rating and set a $14.00 price target on shares of International Money Express in a research report on Wednesday, March 13th. Finally, Northland Securities reiterated a buy rating and set a $15.00 price target on shares of International Money Express in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $14.50.

Shares of NASDAQ IMXI opened at $13.38 on Thursday. International Money Express has a 52 week low of $9.06 and a 52 week high of $13.61. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $508.11 million and a price-to-earnings ratio of -267.60.

International Money Express (NASDAQ:IMXI) last issued its earnings results on Tuesday, March 12th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). The business had revenue of $75.06 million during the quarter, compared to analyst estimates of $71.15 million. On average, equities analysts forecast that International Money Express will post 0.6 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in IMXI. JPMorgan Chase & Co. bought a new stake in International Money Express in the first quarter worth $215,000. Morgan Stanley boosted its holdings in International Money Express by 1,845.0% in the first quarter. Morgan Stanley now owns 21,317 shares of the company’s stock worth $248,000 after acquiring an additional 20,221 shares in the last quarter. Citigroup Inc. bought a new stake in International Money Express in the first quarter worth $277,000. Tibra Equities Europe Ltd bought a new stake in International Money Express in the first quarter worth $286,000. Finally, ExodusPoint Capital Management LP bought a new stake in International Money Express in the first quarter worth $308,000. 29.80% of the stock is currently owned by institutional investors and hedge funds.

International Money Express Company Profile

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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