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

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

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

International Money Express Trading Down 1.8 %

International Money Express stock opened at $21.21 on Monday. The firm has a market cap of $659.61 million, a price-to-earnings ratio of 11.85 and a beta of 0.82. International Money Express has a 1 year low of $16.17 and a 1 year high of $23.28. The firm’s 50 day moving average price is $18.30 and its two-hundred day moving average price is $19.38. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.88 and a current ratio of 1.80.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IMXI. Janney Montgomery Scott LLC acquired a new position in shares of International Money Express in the first quarter worth $562,000. Russell Investments Group Ltd. increased its position in International Money Express by 26.8% in the 1st quarter. Russell Investments Group Ltd. now owns 124,647 shares of the company’s stock worth $2,846,000 after purchasing an additional 26,355 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of International Money Express by 27.1% during the 1st quarter. First Eagle Investment Management LLC now owns 324,809 shares of the company’s stock worth $7,415,000 after purchasing an additional 69,250 shares in the last quarter. Summit Creek Advisors LLC lifted its holdings in shares of International Money Express by 0.7% during the 1st quarter. Summit Creek Advisors LLC now owns 404,764 shares of the company’s stock valued at $9,241,000 after buying an additional 2,634 shares during the last quarter. Finally, Natixis bought a new position in International Money Express during the first quarter valued at approximately $571,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

About International Money Express

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.