Brokerages Set IMAX Co. (NYSE:IMAX) Target Price at $20.57

Shares of IMAX Co. (NYSE:IMAX) have been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $20.57.

A number of research analysts have commented on IMAX shares. Barrington Research restated an “outperform” rating and set a $24.00 price objective on shares of IMAX in a research note on Monday, April 22nd. JPMorgan Chase & Co. reduced their price objective on IMAX from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 6th. StockNews.com cut IMAX from a “buy” rating to a “hold” rating in a research note on Saturday, January 27th. Benchmark reiterated a “buy” rating and issued a $22.00 price target on shares of IMAX in a research note on Friday, April 26th. Finally, The Goldman Sachs Group cut their price target on IMAX from $15.00 to $13.00 and set a “sell” rating on the stock in a research note on Thursday, January 11th.

Insider Buying and Selling at IMAX

In other IMAX news, EVP Calamera Pablo sold 6,130 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $17.05, for a total transaction of $104,516.50. Following the sale, the executive vice president now owns 42,269 shares in the company, valued at $720,686.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Robert D. Lister sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $16.87, for a total transaction of $421,750.00. Following the completion of the transaction, the vice president now directly owns 138,889 shares of the company’s stock, valued at $2,343,057.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Calamera Pablo sold 6,130 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $17.05, for a total value of $104,516.50. Following the transaction, the executive vice president now directly owns 42,269 shares of the company’s stock, valued at $720,686.45. The disclosure for this sale can be found here. 24.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On IMAX

Institutional investors have recently made changes to their positions in the stock. Swiss National Bank grew its holdings in shares of IMAX by 8.5% during the third quarter. Swiss National Bank now owns 102,000 shares of the company’s stock valued at $1,971,000 after purchasing an additional 8,000 shares during the last quarter. Mizuho Markets Americas LLC bought a new position in IMAX in the 3rd quarter worth approximately $7,118,000. Mutual of America Capital Management LLC grew its holdings in IMAX by 44.0% in the 4th quarter. Mutual of America Capital Management LLC now owns 158,022 shares of the company’s stock worth $2,373,000 after buying an additional 48,266 shares in the last quarter. Alpine Woods Capital Investors LLC grew its holdings in IMAX by 33.8% in the 3rd quarter. Alpine Woods Capital Investors LLC now owns 392,278 shares of the company’s stock worth $7,579,000 after buying an additional 99,163 shares in the last quarter. Finally, GTS Securities LLC bought a new position in IMAX in the 3rd quarter worth approximately $1,092,000. 93.51% of the stock is owned by institutional investors.

IMAX Trading Up 2.0 %

Shares of IMAX stock opened at $17.05 on Friday. The business’s fifty day moving average price is $16.56 and its 200 day moving average price is $15.99. IMAX has a twelve month low of $13.20 and a twelve month high of $20.70. The stock has a market capitalization of $897.17 million, a P/E ratio of 35.52, a PEG ratio of 1.38 and a beta of 1.22.

IMAX (NYSE:IMAX) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. The company had revenue of $79.12 million for the quarter, compared to analysts’ expectations of $77.88 million. IMAX had a return on equity of 9.47% and a net margin of 7.13%. As a group, sell-side analysts predict that IMAX will post 0.61 EPS 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.