Imax Corp (NYSE:IMAX) has earned an average rating of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $29.75.

A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Imax from a “sell” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a research note on Wednesday, November 1st. Wedbush reiterated a “buy” rating and set a $31.00 price objective on shares of Imax in a research note on Friday, October 27th. JPMorgan Chase & Co. upgraded Imax from a “neutral” rating to an “overweight” rating in a research note on Friday, October 27th. B. Riley reiterated a “buy” rating and set a $35.00 price objective on shares of Imax in a research note on Monday, November 20th. Finally, BidaskClub upgraded Imax from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd.

In related news, insider Mark Welton sold 8,985 shares of Imax stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $25.81, for a total value of $231,902.85. Following the completion of the transaction, the insider now owns 16,331 shares in the company, valued at approximately $421,503.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert D. Lister sold 3,528 shares of Imax stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $23.97, for a total value of $84,566.16. Following the completion of the transaction, the insider now owns 35,594 shares of the company’s stock, valued at approximately $853,188.18. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,050 shares of company stock valued at $425,276. 18.90% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Voya Investment Management LLC increased its stake in Imax by 4.5% during the 2nd quarter. Voya Investment Management LLC now owns 1,424,813 shares of the company’s stock worth $31,346,000 after buying an additional 61,085 shares in the last quarter. Light Street Capital Management LLC increased its stake in Imax by 69.7% during the 2nd quarter. Light Street Capital Management LLC now owns 1,400,000 shares of the company’s stock worth $30,800,000 after buying an additional 575,000 shares in the last quarter. State Street Corp increased its stake in Imax by 6.3% during the 2nd quarter. State Street Corp now owns 1,131,398 shares of the company’s stock worth $24,891,000 after buying an additional 67,191 shares in the last quarter. Peregrine Capital Management LLC increased its stake in Imax by 17.6% during the 3rd quarter. Peregrine Capital Management LLC now owns 1,083,133 shares of the company’s stock worth $24,533,000 after buying an additional 162,301 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Imax by 90.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,068,456 shares of the company’s stock worth $24,201,000 after buying an additional 506,705 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Shares of Imax (NYSE IMAX) traded up $0.55 on Friday, reaching $21.00. The company’s stock had a trading volume of 924,000 shares, compared to its average volume of 1,074,742. Imax has a 12 month low of $17.58 and a 12 month high of $34.60. The firm has a market cap of $1,360.00, a PE ratio of 210.00, a P/E/G ratio of 1.20 and a beta of 1.13.

Imax (NYSE:IMAX) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.07. Imax had a return on equity of 2.62% and a net margin of 1.78%. The company had revenue of $98.80 million during the quarter, compared to analysts’ expectations of $86.17 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. research analysts forecast that Imax will post 0.23 EPS for the current fiscal year.

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About Imax

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.

Analyst Recommendations for Imax (NYSE:IMAX)

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