Northland Securities reaffirmed their buy rating on shares of International Money Express (NASDAQ:IMXI) in a research report report published on Wednesday morning, AnalystRatings.com reports. They currently have a $15.00 target price on the stock.
Several other research firms have also weighed in on IMXI. Cantor Fitzgerald restated a buy rating and issued a $14.00 target price on shares of International Money Express in a report on Wednesday, March 13th. Zacks Investment Research upgraded International Money Express from a hold rating to a buy rating and set a $13.00 target price for the company in a report on Friday, March 15th. Finally, Craig Hallum started coverage on International Money Express in a report on Monday, February 4th. They issued a buy rating for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $14.50.
IMXI traded down $0.06 on Wednesday, hitting $12.07. The company had a trading volume of 3,370 shares, compared to its average volume of 82,700. International Money Express has a 1-year low of $9.06 and a 1-year high of $13.38. The company has a debt-to-equity ratio of 2.55, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market cap of $438.89 million and a P/E ratio of -238.60.
Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC bought a new stake in shares of International Money Express during the third quarter valued at approximately $316,000. Vanguard Group Inc. bought a new stake in International Money Express in the third quarter valued at $923,000. Marshall Wace LLP bought a new stake in International Money Express in the third quarter valued at $442,000. Vanguard Group Inc bought a new stake in International Money Express in the third quarter valued at $923,000. Finally, Southside Capital LLC bought a new stake in International Money Express in the fourth quarter valued at $1,083,000. Institutional investors own 29.36% of the company’s stock.
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.
Recommended Story: How Investors Use a Balance Sheet
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.