International Money Express (IMXI) Receives a Rating Update from a Top Analyst

By Jason Carr

BTIG analyst Mark Palmer reiterated a Buy rating on International Money Express (IMXIResearch Report) today and set a price target of $17.00. The company’s shares closed last Tuesday at $14.20.

According to TipRanks.com, Palmer is a top 100 analyst with an average return of 16.9% and a 69.1% success rate. Palmer covers the Financial sector, focusing on stocks such as Genworth Financial, Oportun Financial, and MGIC Investment.

International Money Express has an analyst consensus of Strong Buy, with a price target consensus of $17.67, implying a 27.6% upside from current levels. In a report released today, JMP Securities also upgraded the stock to Buy with a $18.00 price target.

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International Money Express’ market cap is currently $540.1M and has a P/E ratio of 22.80. The company has a Price to Book ratio of 1567.91.

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International Money Express, Inc. engages in the provision of electronic money remittance services. It offers wire transfer, money order and check cashing services. The company was founded in 1994 and is headquartered in Miami, FL.