International Money Express Inc (IMXI) Receives Consensus Rating of “Strong Buy” from Brokerages
Shares of International Money Express Inc (NASDAQ:IMXI) have earned an average broker rating score of 1.00 (Strong Buy) from the four brokers that cover the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1 year consensus target price of $15.75 for the company and are anticipating that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also assigned International Money Express an industry rank of 195 out of 256 based on the ratings given to related companies.
Several brokerages have issued reports on IMXI. Zacks Investment Research lowered International Money Express from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $15.00 target price on shares of International Money Express in a research note on Sunday, December 16th. Finally, Piper Jaffray Companies initiated coverage on shares of International Money Express in a research note on Thursday, December 6th. They issued an “overweight” rating for the company.
International Money Express (NASDAQ:IMXI) last released its quarterly earnings results on Tuesday, November 13th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.21). The company had revenue of $72.51 million during the quarter, compared to the consensus estimate of $67.60 million. As a group, sell-side analysts expect that International Money Express will post 0.66 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in IMXI. Granite Point Capital Management L.P. purchased a new stake in shares of International Money Express during the 3rd quarter valued at $4,808,000. Monashee Investment Management LLC acquired a new stake in shares of International Money Express in the 3rd quarter valued at about $2,039,000. Vanguard Group Inc acquired a new stake in shares of International Money Express in the 3rd quarter valued at about $923,000. Vanguard Group Inc. acquired a new stake in International Money Express during the third quarter worth about $923,000. Finally, Marshall Wace LLP acquired a new stake in International Money Express during the third quarter worth about $442,000. 25.17% of the stock is owned by institutional investors.
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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