Imax Corporation PT Raised to $34.00 (IMAX)
Analysts at MKM Partners hoisted their price target on shares of Imax Corporation (NASDAQ:IMAX) from $30.00 to $34.00 in a research report issued to clients and investors on Wednesday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. MKM Partners’ target price points to a potential upside of 16.04% from the stock’s previous close.
Imax Corporation (NASDAQ:IMAX) remained flat at $29.30 during trading on Wednesday. 79,121 shares of the company’s stock traded hands. Imax Corporation has a 52-week low of $18.85 and a 52-week high of $29.37. The stock’s 50-day moving average is $27.14 and its 200-day moving average is $26.56. The company has a market cap of $1.965 billion and a price-to-earnings ratio of 47.33.
Imax Corporation (NASDAQ:IMAX) last released its earnings data on Thursday, July 25th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.05. The company had revenue of $82.30 million for the quarter, compared to the consensus estimate of $77.34 million. During the same quarter last year, the company posted $0.21 earnings per share. Imax Corporation’s revenue was up 17.2% compared to the same quarter last year. Analysts expect that Imax Corporation will post $0.77 EPS for the current fiscal year.
A number of other firms have also recently commented on IMAX. Analysts at Susquehanna raised their price target on shares of Imax Corporation (NASDAQ:IMAX) from $23.00 to $27.00 in a research note to investors on Thursday, August 22nd. Analysts at Dougherty & Co raised their price target on shares of Imax Corporation (NASDAQ:IMAX) from $30.00 to $32.00 in a research note to investors on Thursday, August 22nd.
Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $30.40.
In other Imax Corporation news, Insider G Mary Ruby unloaded 8,500 shares of the stock on the open market in a transaction dated Friday, September 6th. The stock was sold at an average price of $28.20, for a total value of $239,700.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
IMAX Corporation, together with its wholly owned subsidiaries, is an entertainment technology companies, specializing in motion picture technologies and presentations.
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