Stock analysts at Craig Hallum initiated coverage on shares of International Money Express (NASDAQ:IMXI) in a report issued on Monday, The Fly reports. The firm set a “buy” rating on the stock.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded International Money Express from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, November 14th. Cantor Fitzgerald reiterated a “buy” rating and set a $15.00 target price on shares of International Money Express in a research report on Sunday, December 16th. Finally, Piper Jaffray Companies initiated coverage on International Money Express in a research report on Thursday, December 6th. They set an “overweight” rating on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $15.00.

IMXI opened at $11.36 on Monday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.75. International Money Express has a one year low of $9.06 and a one year high of $13.38.

International Money Express (NASDAQ:IMXI) last posted its earnings results on Tuesday, November 13th. The company reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.21). The business had revenue of $72.51 million during the quarter, compared to the consensus estimate of $67.60 million. Sell-side analysts expect that International Money Express will post 0.66 earnings per share for the current year.

Large investors have recently modified their holdings of the company. King Luther Capital Management Corp purchased a new stake in shares of International Money Express in the third quarter valued at $301,000. Renaissance Technologies LLC purchased a new stake in shares of International Money Express in the third quarter valued at $316,000. Marshall Wace LLP purchased a new stake in shares of International Money Express in the third quarter valued at $442,000. Vanguard Group Inc. purchased a new stake in shares of International Money Express in the third quarter valued at $923,000. Finally, Vanguard Group Inc purchased a new stake in shares of International Money Express in the third quarter valued at $923,000. Institutional investors and hedge funds own 25.17% of the company’s stock.

International Money Express Company Profile

International Money Express, Inc 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. It provides sending and paying agents and company-owned stores, as well as online and through Internet-enabled mobile devices.

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The Fly

Analyst Recommendations for International Money Express (NASDAQ:IMXI)

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