International Money Express Inc (IMXI) Given Average Recommendation of “Strong Buy” by Brokerages

Shares of International Money Express Inc (NASDAQ:IMXI) have received a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus target price of $15.33 for the company and are expecting that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also given International Money Express an industry rank of 104 out of 255 based on the ratings given to its competitors.

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald assumed coverage on shares of International Money Express in a research note on Thursday, October 11th. They set an “overweight” rating for the company. JMP Securities assumed coverage on shares of International Money Express in a research note on Monday, July 30th. They set an “outperform” rating for the company. Zacks Investment Research downgraded shares of International Money Express from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, BTIG Research initiated coverage on shares of International Money Express in a research report on Wednesday, September 12th. They set a “buy” rating and a $16.00 target price for the company.

Shares of NASDAQ:IMXI traded down $0.19 on Friday, hitting $12.21. 32,634 shares of the company were exchanged, compared to its average volume of 162,250. International Money Express has a 1-year low of $9.06 and a 1-year high of $13.20.

About International Money Express

International Money Express, Inc operates as a processor of money transfer services. The company offers wire transfer, money order, and cash checking services. It uses a proprietary financial technology that enables consumers to send money from the United States to 17 countries in Latin America and the Caribbean, including Mexico and Guatemala.

Read More: Return on Investment (ROI)

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