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Shares of IMAX (NASDAQ:IMAX) have earned an average recommendation of “Hold” from the fifteen analysts that are presently covering the stock, Analyst Ratings.Net reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $30.32.

Shares of IMAX (NASDAQ:IMAX) opened at 24.60 on Wednesday. IMAX has a one year low of $24.01 and a one year high of $31.23. The stock’s 50-day moving average is $26.98 and its 200-day moving average is $26.9. The company has a market cap of $1.672 billion and a P/E ratio of 40.08.

IMAX (NASDAQ:IMAX) last announced its earnings results on Thursday, April 24th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.02. The company had revenue of $48.20 million for the quarter, compared to the consensus estimate of $50.75 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. On average, analysts predict that IMAX will post $0.83 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on IMAX shares. Analysts at Piper Jaffray downgraded shares of IMAX from an “overweight” rating to a “neutral” rating in a research note on Wednesday. They now have a $28.00 price target on the stock, down previously from $35.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of IMAX in a research note on Thursday, May 1st. They now have a $27.00 price target on the stock. Finally, analysts at Wedbush reiterated a “neutral” rating on shares of IMAX in a research note on Tuesday, April 22nd. They now have a $28.00 price target on the stock.

IMAX Corporation, together with its wholly owned subsidiaries, is an entertainment technology companies, specializing in motion picture technologies and presentations.

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