In a report released today, Michael Grondahl from Northland Securities maintained a Buy rating on International Money Express Inc (IMXI), with a price target of $15. The company’s shares closed on Friday at $13.62, close to its 52-week high of $13.81.
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 21.1% and a 62.1% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for International Money Express Inc with a $14.50 average price target.
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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.
