Imax Corporation (IMAX) Rating Reiterated by B. Riley

Imax Corporation (NYSE:IMAX)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley in a note issued to investors on Monday. They presently have a $35.00 price target on the stock. B. Riley’s price target would indicate a potential upside of 40.28% from the stock’s current price.

Several other brokerages also recently commented on IMAX. Wedbush restated a “buy” rating and set a $29.00 target price on shares of Imax Corporation in a report on Tuesday, October 10th. BidaskClub downgraded shares of Imax Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of Imax Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. J P Morgan Chase & Co upgraded shares of Imax Corporation from a “neutral” rating to an “overweight” rating in a report on Friday, October 27th. Finally, Barrington Research upgraded shares of Imax Corporation from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $31.00.

Shares of Imax Corporation (NYSE IMAX) opened at $24.95 on Monday. The firm has a market cap of $1,599.45, a P/E ratio of 102.92, a P/E/G ratio of 3.66 and a beta of 1.12. Imax Corporation has a 52-week low of $17.58 and a 52-week high of $35.30.

Imax Corporation (NYSE:IMAX) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.07. The business had revenue of $98.80 million for the quarter, compared to the consensus estimate of $86.17 million. Imax Corporation had a net margin of 1.78% and a return on equity of 2.62%. Imax Corporation’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS. equities research analysts expect that Imax Corporation will post 0.3 EPS for the current year.

WARNING: “Imax Corporation (IMAX) Rating Reiterated by B. Riley” was published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://sportsperspectives.com/2017/11/22/imax-corporation-imax-rating-reiterated-by-b-riley.html.

In related news, CEO Greg Foster sold 9,417 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $19.55, for a total value of $184,102.35. Following the completion of the transaction, the chief executive officer now directly owns 67,018 shares of the company’s stock, valued at $1,310,201.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 18.90% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new position in shares of Imax Corporation in the second quarter valued at $539,000. Schwab Charles Investment Management Inc. grew its stake in shares of Imax Corporation by 5.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 99,100 shares of the company’s stock valued at $2,181,000 after buying an additional 5,500 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Imax Corporation in the second quarter valued at $12,359,000. Eagle Asset Management Inc. grew its stake in shares of Imax Corporation by 26.2% in the second quarter. Eagle Asset Management Inc. now owns 197,641 shares of the company’s stock valued at $4,348,000 after buying an additional 40,991 shares in the last quarter. Finally, Pembroke Management LTD bought a new position in shares of Imax Corporation in the second quarter valued at $19,949,000. 81.13% of the stock is owned by institutional investors and hedge funds.

Imax Corporation Company Profile

IMAX Corporation is an entertainment technology company. The Company operates through seven segments: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment.

Analyst Recommendations for Imax Corporation (NYSE:IMAX)

Receive News & Ratings for Imax Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imax Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply