UBS Group Lowers International Money Express (NASDAQ:IMXI) Price Target to $17.00

International Money Express (NASDAQ:IMXI) had its price target reduced by analysts at UBS Group from $22.00 to $17.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 14.66% from the company’s previous close.

A number of other research analysts also recently commented on IMXI. Monness Crespi & Hardt downgraded International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Needham & Company LLC dropped their price target on shares of International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Monday. BMO Capital Markets increased their price objective on shares of International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Northland Securities lifted their price target on International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $24.50.

International Money Express Stock Down 1.5 %

NASDAQ IMXI traded down $0.22 during trading hours on Tuesday, hitting $14.83. The company had a trading volume of 90,486 shares, compared to its average volume of 240,532. The firm’s 50 day moving average is $19.26 and its 200 day moving average is $19.13. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. International Money Express has a fifty-two week low of $14.68 and a fifty-two week high of $23.28. The company has a market capitalization of $461.07 million, a price-to-earnings ratio of 8.31 and a beta of 0.87.

Institutional Trading of International Money Express

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. purchased a new stake in shares of International Money Express during the third quarter valued at $633,000. New South Capital Management Inc. acquired a new stake in shares of International Money Express during the 3rd quarter valued at about $17,055,000. Royce & Associates LP grew its stake in shares of International Money Express by 9.8% in the 3rd quarter. Royce & Associates LP now owns 557,189 shares of the company’s stock valued at $10,302,000 after buying an additional 49,582 shares in the last quarter. Seizert Capital Partners LLC increased its holdings in International Money Express by 3.4% in the third quarter. Seizert Capital Partners LLC now owns 177,610 shares of the company’s stock worth $3,284,000 after buying an additional 5,803 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in International Money Express by 90.7% during the third quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company’s stock valued at $214,000 after acquiring an additional 5,499 shares in the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

International Money Express Company Profile

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.