IMAX Given Average Rating of “Buy” by Brokerages (NASDAQ:IMAX)
IMAX (NASDAQ:IMAX) has been given a consensus recommendation of “Buy” by the fifteen ratings firms that are covering the company, AR Network reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $30.46.
A number of research firms have recently commented on IMAX. Analysts at Zacks reiterated a “neutral” rating on shares of IMAX in a research note on Tuesday, August 12th. They now have a $28.00 price target on the stock. Separately, analysts at Benchmark Co. upgraded shares of IMAX from a “hold” rating to a “buy” rating in a research note on Friday, July 25th. Finally, analysts at Dougherty & Co reiterated a “buy” rating on shares of IMAX in a research note on Thursday, July 24th. They now have a $38.00 price target on the stock.
Shares of IMAX (NASDAQ:IMAX) traded up 0.15% on Tuesday, hitting $27.37. 16,724 shares of the company’s stock traded hands. IMAX has a 52-week low of $24.01 and a 52-week high of $31.23. The stock has a 50-day moving average of $26.43 and a 200-day moving average of $26.74. The company has a market cap of $1.873 billion and a price-to-earnings ratio of 43.94.
IMAX (NASDAQ:IMAX) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.02. The company had revenue of $79.15 million for the quarter, compared to the consensus estimate of $81.10 million. During the same quarter last year, the company posted $0.22 earnings per share. IMAX’s revenue was down 3.2% compared to the same quarter last year. Analysts expect that IMAX will post $0.78 EPS for the current fiscal year.
IMAX Corporation, together with its wholly owned subsidiaries, is an entertainment technology companies, specializing in motion picture technologies and presentations.
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