Brokerages Set IMAX Corporation (NYSE:IMAX) PT at $42.70

Shares of IMAX Corporation (NYSE:IMAX) have been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $42.70.

Several research analysts have weighed in on IMAX shares. B. Riley Financial reiterated a “buy” rating on shares of IMAX in a research report on Monday, December 8th. JPMorgan Chase & Co. raised shares of IMAX from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $32.00 to $47.00 in a research report on Monday, December 15th. Macquarie Infrastructure lifted their price objective on shares of IMAX from $39.00 to $44.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Wall Street Zen upgraded shares of IMAX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Finally, Rosenblatt Securities raised their target price on shares of IMAX from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, December 8th.

Institutional Trading of IMAX

Several large investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its stake in IMAX by 41.7% in the fourth quarter. Wellington Management Group LLP now owns 839,303 shares of the company’s stock valued at $31,021,000 after purchasing an additional 247,009 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new position in shares of IMAX in the 4th quarter valued at approximately $709,000. Millennium Management LLC acquired a new position in shares of IMAX in the 4th quarter valued at approximately $351,000. Janus Henderson Group PLC lifted its holdings in shares of IMAX by 1,032.2% during the 4th quarter. Janus Henderson Group PLC now owns 237,394 shares of the company’s stock worth $8,774,000 after acquiring an additional 216,426 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in shares of IMAX during the 4th quarter worth approximately $574,000. 93.51% of the stock is owned by institutional investors and hedge funds.

IMAX Stock Down 0.3%

Shares of IMAX stock opened at $37.67 on Friday. The company has a market capitalization of $2.03 billion, a PE ratio of 53.06, a price-to-earnings-growth ratio of 1.87 and a beta of 0.38. IMAX has a 12-month low of $20.48 and a 12-month high of $39.98. The firm has a 50 day moving average price of $36.32 and a two-hundred day moving average price of $33.41.

More IMAX News

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: IMAX reached a U.S. deal with Apple TV to show live Formula 1 races on IMAX screens — a new live-sports content stream that can drive incremental box-office visits, higher concession sales and broader audience engagement following recent film tie‑ins. Imax, Apple TV to broadcast F1 live on U.S. big screens under new deal
• Positive Sentiment: Local exhibitors continue upgrading to IMAX large-format auditoriums (example: two Lansing theaters), which supports longer-term box-office capacity and incremental revenue potential as studio releases and special events roll out. Two movie theaters in Lansing upgrading large format, IMAX offerings
• Neutral Sentiment: Analysts and previews: Zacks notes Wall Street expects earnings growth next week but suggests IMAX may not have the setup for an earnings beat — the report keeps expectations mixed and raises the chance of volatility around the print. Imax (IMAX) Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Feature coverage and publicity (history pieces, multiple outlets explaining IMAX formats and highlighting marquee releases like Project Hail Mary) provide positive brand exposure but are unlikely by themselves to move the stock materially in the near term. How a Canadian company’s IMAX film format changed cinema forever
• Negative Sentiment: Unusual options activity: investors bought ~18,484 IMAX put options in a single session — roughly a 1,900% jump vs. typical daily put volume — signaling sizeable bearish bets or hedges that can increase downside pressure and near-term volatility. Traders Purchase Large Volume of IMAX Put Options (NYSE:IMAX)

About IMAX

IMAX Corporation is a global leader in immersive entertainment technologies, specializing in the design, manufacture and distribution of high-resolution cameras, projectors, and proprietary software solutions that enhance both film production and theatrical exhibition. The company licenses its premium large-format system to theatre owners and filmmakers around the world, enabling audiences to experience movies with greater clarity, scale and sound fidelity. IMAX also offers turnkey theatre development services, assisting cinema operators with auditorium design, installation and custom branding to optimize the customer experience.

Founded in 1967 and headquartered in Mississauga, Ontario, IMAX has built a reputation for pioneering film-format innovations, including its patented dual 15-perforation, 70-millimeter projection system.