Northland Securities analyst Michael Grondahl maintained a Buy rating on International Money Express Inc (IMXI) today and set a price target of $15. The company’s shares closed yesterday at $11.93.
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 21.4% and a 64.1% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.
Currently, the analyst consensus on International Money Express Inc is a Moderate Buy with an average price target of $14.50.
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Based on International Money Express Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $4.86 million. In comparison, last year the company had a GAAP net loss of $29.24K.
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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.
