Imax Corp (NYSE:IMAX) has received a consensus rating of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $29.75.
A number of equities analysts recently commented on IMAX shares. Zacks Investment Research downgraded Imax from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Wedbush set a $30.00 price target on Imax and gave the stock a “buy” rating in a research note on Monday, January 8th. B. Riley reiterated a “buy” rating and issued a $35.00 price target on shares of Imax in a research note on Monday, December 11th. ValuEngine downgraded Imax from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Canaccord Genuity set a $32.00 price target on Imax and gave the stock a “buy” rating in a research note on Monday, October 23rd.
Imax (NYSE IMAX) traded down $0.30 during trading hours on Tuesday, reaching $22.60. The company had a trading volume of 1,395,152 shares, compared to its average volume of 1,060,000. The firm has a market capitalization of $1,460.00, a P/E ratio of 226.00, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93. Imax has a fifty-two week low of $17.58 and a fifty-two week high of $34.60.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crow Point Partners LLC bought a new stake in shares of Imax during the fourth quarter valued at approximately $103,000. Invictus RG bought a new stake in shares of Imax during the fourth quarter valued at approximately $213,000. Formula Growth Ltd. bought a new stake in shares of Imax during the third quarter valued at approximately $222,000. First Mercantile Trust Co. bought a new stake in shares of Imax during the fourth quarter valued at approximately $231,000. Finally, Foundry Partners LLC bought a new stake in shares of Imax during the fourth quarter valued at approximately $244,000. 81.54% of the stock is currently owned by institutional investors.
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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.
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