Northland Securities Reaffirms Buy Rating for International Money Express (IMXI)

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.

International Money Express (NASDAQ:IMXI) last posted its earnings results on Tuesday, March 12th. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). The company had revenue of $75.06 million during the quarter, compared to analysts’ expectations of $71.15 million. As a group, analysts anticipate that International Money Express will post 0.62 earnings per share for the current fiscal year.

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.

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Analyst Recommendations for International Money Express (NASDAQ:IMXI)

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