IMAX Co. (NYSE:IMAX) Receives Consensus Rating of "Buy" from Analysts

IMAX Co. (NYSE:IMAX - Get Free Report) has earned a consensus recommendation of "Buy" from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $30.56.

IMAX has been the subject of a number of research reports. StockNews.com downgraded IMAX from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Macquarie upped their price objective on IMAX from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Wells Fargo & Company raised their price target on shares of IMAX from $26.00 to $32.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Barrington Research lifted their price objective on IMAX from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Finally, Benchmark restated a "buy" rating and set a $30.00 target price on shares of IMAX in a research report on Thursday, April 10th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IMAX. Blue Trust Inc. raised its holdings in IMAX by 138.5% during the fourth quarter. Blue Trust Inc. now owns 966 shares of the company's stock valued at $25,000 after acquiring an additional 561 shares during the period. Tower Research Capital LLC TRC grew its position in shares of IMAX by 415.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,236 shares of the company's stock worth $185,000 after purchasing an additional 5,832 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in IMAX during the 4th quarter valued at approximately $217,000. Cornerstone Investment Partners LLC purchased a new position in IMAX in the 4th quarter worth approximately $248,000. Finally, Savant Capital LLC bought a new position in IMAX in the 4th quarter worth approximately $249,000. Hedge funds and other institutional investors own 93.51% of the company's stock.

IMAX Trading Up 2.3 %

Shares of IMAX stock traded up $0.55 during mid-day trading on Friday, reaching $24.05. The stock had a trading volume of 1,301,614 shares, compared to its average volume of 905,267. The firm has a market capitalization of $1.28 billion, a PE ratio of 49.03, a price-to-earnings-growth ratio of 1.49 and a beta of 0.91. The stock's 50-day moving average price is $24.89 and its two-hundred day moving average price is $24.25. IMAX has a 52-week low of $14.94 and a 52-week high of $27.77.

IMAX (NYSE:IMAX - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.14). IMAX had a net margin of 7.40% and a return on equity of 8.60%. The company had revenue of $92.67 million during the quarter, compared to the consensus estimate of $104.08 million. On average, equities research analysts forecast that IMAX will post 0.91 earnings per share for the current year.

IMAX Company Profile

IMAX Corporation, together with its subsidiaries, operates as a technology platform for entertainment and events worldwide. The company operates in two segments, Content Solutions and Technology Products and Services. The company offers IMAX DMR, a proprietary technology that digitally remasters films and other content into IMAX formats for distribution to the IMAX network; IMAX Enhanced that provides end-to-end technology across streaming content and entertainment devices at home; and SSIMWAVE, an AI-driven video quality solutions for media and entertainment companies.