BTIG analyst Mark Palmer reiterated a Buy rating on International Money Express Inc (IMXI) on August 8 and set a price target of $20. The company’s shares closed on Friday at $14.43, close to its 52-week high of $15.11.
According to TipRanks.com, Palmer is a top 100 analyst with an average return of 15.6% and a 69.4% success rate. Palmer covers the Financial sector, focusing on stocks such as Sutter Rock Capital Corp, Repay Holdings Corp, and Genworth Financial.
International Money Express Inc has an analyst consensus of Moderate Buy, with a price target consensus of $18.50, which is a 28.2% upside from current levels. In a report issued on August 9, Northland Securities also assigned a Buy rating to the stock with a $17 price target.
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Based on International Money Express Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $7.07 million. In comparison, last year the company had a GAAP net loss of $50.45K.
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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.
