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 yesterday at $12.13.
Grondahl noted:
“We believe trends remain positive at IMXI and highlight recent Bank of Mexico data, FX trends and warrant exchange as positives. Reiterate OP rating and $15 PT.”
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 25.4% and a 69.2% 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 $15.50 average price target.
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The company has a one-year high of $13.38 and a one-year low of $9.06. Currently, International Money Express Inc has an average volume of 66.65K.
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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.
