IMAX Corporation (IMAX) – What Are Analysts Thinking About This Stock?

Shares of IMAX Corporation (NYSE:IMAX) have been given an average rating of “Moderate Buy” by the fifteen brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $57.38.

IMAX has been the subject of several recent analyst reports. HC Wainwright restated a “buy” rating on shares of IMAX in a research report on Friday, July 24th. Wall Street Zen upgraded shares of IMAX from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Wedbush increased their target price on shares of IMAX from $54.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, October 14th. Roth Capital lifted their price target on shares of IMAX from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Finally, Wells Fargo & Company lifted their price target on shares of IMAX from $45.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 15th.

IMAX Stock Up 1.7%

IMAX stock opened at $52.52 on Wednesday. The business has a 50 day moving average price of $52.55 and a 200 day moving average price of $44.45. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 72.95, a PEG ratio of 1.45 and a beta of 0.49. IMAX has a fifty-two week low of $31.27 and a fifty-two week high of $57.73.

IMAX (NYSE:IMAX) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.30 by $0.13. The company had revenue of $102.84 million for the quarter, compared to analyst estimates of $96.09 million. IMAX had a net margin of 9.84% and a return on equity of 15.47%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. As a group, sell-side analysts anticipate that IMAX will post 1.69 EPS for the current year.

Insider Activity at IMAX

In other news, CEO Richard L. Gelfond sold 205,504 shares of IMAX stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $53.27, for a total transaction of $10,947,198.08. Following the sale, the chief executive officer owned 765,002 shares in the company, valued at approximately $40,751,656.54. The trade was a 21.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Robert D. Lister sold 22,500 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $51.58, for a total value of $1,160,550.00. Following the completion of the sale, the vice president directly owned 182,375 shares of the company’s stock, valued at $9,406,902.50. The trade was a 10.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 507,257 shares of company stock worth $26,673,571. Insiders own 20.55% of the company’s stock.

Institutional Trading of IMAX

Large investors have recently made changes to their positions in the company. HBK Investments L P purchased a new position in IMAX during the 2nd quarter worth approximately $8,058,000. Jupiter Topco LLC acquired a new position in IMAX during the second quarter worth approximately $836,000. Man Group plc acquired a new position in IMAX during the second quarter worth approximately $951,000. Bank of New York Mellon Corp purchased a new stake in IMAX in the second quarter valued at approximately $5,512,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in IMAX by 5,002.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,838 shares of the company’s stock valued at $5,614,000 after buying an additional 138,078 shares during the last quarter. 93.51% of the stock is owned by institutional investors and hedge funds.

IMAX News Roundup

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: Christopher Nolan’s The Odyssey reportedly set an all-time IMAX box-office record, reinforcing the commercial value of premium-format releases and the strength of IMAX’s relationship with major filmmakers. Sustained demand could support higher box-office revenue, theater attendance and future content partnerships. Christopher Nolan’s The Odyssey sets all-time IMAX box office record The Odyssey IMAX Box Office: Hits a Record High
• Positive Sentiment: Nolan’s The Prestige will return to theaters on January 29 for its 20th anniversary, including IMAX and 70mm screenings. The re-release should provide incremental premium-format ticket revenue and further leverage the filmmaker’s appeal, although its financial impact is likely smaller than that of a new blockbuster. Nolan’s The Prestige IMAX and 70mm re-release Jan 29 The Prestige 20th Anniversary Re-Release
• Positive Sentiment: A Zacks analysis describes IMAX as a growth stock, citing above-average financial growth and the potential to outperform the broader market. This may support investor enthusiasm, though it represents analyst commentary rather than new company guidance. IMAX is an Incredible Growth Stock

IMAX Company Profile

IMAX Corporation (NYSE: IMAX) is a global entertainment technology company that specializes in premium large-format cinema experiences. The company designs and supplies specialized theater systems that combine large screens, high-resolution projection, advanced sound, and immersive theater design to present feature films, documentaries, live events, and other content.

IMAX supports its theater partners with projection and sound equipment, theater design and installation services, and technology and maintenance support.